With its existing “Look East” policy, Kuwait will pour more investmentsinto Vietnam in the coming years, said Omar Al-Qenaei, KuwaitiConsul General in Ho Chi Minh City.

At the February 26 ceremonymarking the 54th National Day and the 24th anniversary of theLiberation Day of Kuwait, Omar Al-Qenael reviewed the bilateral tiesbetween Vietnam and his country in recent years, saying that this seesincreased developments in all fields.

Vice Chairman of themunicipal People’s Committee Le Thanh Liem, in his speech, congratulatedthe State of Kuwait and its people on their achievements, affirmingthat the municipal authority is willing to assist Kuwaiti businesses intheir operations in Vietnam.

He said the successfulorganisation of a workshop in the city last December to provideVietnamese firms with necessary information on market opportunities inKuwait helped Vietnamese firms and investors make deeper inroads intothe potential market.

The launch of an Arabictraining programme in University of Social Sciences and Humanities –Vietnam National University, Ho Chi Minh City with the support of theKuwaiti Consulate General has promoted cultural exchange between Vietnamand the Arab world, Liem added.

Kuwait and Vietnam established diplomatic relations in 1976.

Two-way trade between the two nations hit around 691 million USD in2014, with Vietnam’s exports to Kuwait doubling that of 2013.

Vietnammainly shipped farm and aquatic products, vegetables and fruits, greentea, products from grains to Kuwait while importing fuel and industrialproducts from this market.-VNA