PM Pham Minh Chinh (R) and Executive Vice President of Aramco Yasser M.Mufti at their meeting in Riyadh on October 19 (Photo: VNA)
Riyadh (VNA) – Prime Minister Pham Minh Chinh receivedleaders of Aramco group and the Saudi Fund for Development in Riyadh capitalof Saudi Arabia on October 19.
The meetings took place as part of his trip to Saudi Arabia to attend the Associationof Southeast Asian Nations (ASEAN) - Gulf Cooperation Council (GCC) Summit andvisit the country.
Talking tothe Vietnamese PM, Executive Vice President of Aramco YasserM.Mufti expressed his firm’s hope to have a chance to invest in Vietnam, which isworking to build a new petrochemical plant.
He proposed the Vietnamese Government createconditions for Aramco to expand investment in the country, firstly permittingthe group’s technical team to come to survey the market.
PM Chinhwelcomed Aramco’s plan to invest in Vietnam’s oil and gas sector, especially major petrochemicalprojects, and cooperate in the trading of oil, gas, and petrochemical products suchas crude oil, liquefied gas, plastics, and fertiliser.
He called on Aramco to provide conditions for the Vietnam Oiland Gas Group (Petrovietnam) participate in supplying oil and gas services in SaudiArabia, seek large projects to jointly invest in, and assist with training oiland gas manpower.
PM Pham Minh Chinh receives CEO of the Saudi Fund for Development Sultan Al-Marshad in Riyadh on October 19. (Photo: VNA)
In a separate meeting, CEO of the Saudi Fund for Development (SFD) Sultan Al-Marshad informed Chinh that the fund has implemented 13 projects in Vietnam over the past 13 years. He proposed the Vietnamese Government continue to create more favourable conditions for the fund to operate effectively in the country and pledged more resources for projects in Vietnam.
Chinh appreciated the SFD’s preferential loans worth 165 million USD for Vietnam's ODA projects, helping improve infrastructure and the living standards of Vietnamese people in remote and disadvantaged areas.
To ensure effective joint works in the future, the PM said both sides need to enhance exchanges, coordination, and fulfillment of their commitments, contributing to further strengthening comprehensive cooperation between Vietnam and Saudi Arabia./.
Prime Minister Pham Minh Chinh leads a high-ranking Vietnamese delegation to attend the ASEAN - Gulf Cooperation Council (GCC) Summit and visit Kingdom of Saudi Arabia from October 18-20, at the invitation of King Salman bin Abdulaziz Al Saud.
Prime Minister Pham Minh Chinh received leaders of major groups from Saudi Arabia and the Persian Gulf in Riyadh on October 18 as part of his trip to attend the Association of Southeast Asian Nations - Gulf Cooperation Council (ASEAN - GCC) Summit and visit the host country.
Prime Minister Pham Minh Chinh pointed to substantial potential for Vietnam and Saudi Arabia to foster their cooperation while addressing a business forum in Riyadh on October 19 (local time) as part of his trip to the Middle East nation to attend the Association of Southeast Asian Nations - Gulf Cooperation Council (ASEAN - GCC) Summit.
Prime Minister Pham Minh Chinh met with Saudi Arabia's Minister of Economy and Planning Faisal Al-Ibrahim and Minister of Human Resources and Social Development Ahmed Al-Rajhi in Riyadh on October 19 (local time), as part of his trip to attend the ASEAN - Gulf Cooperation Council (ASEAN - GCC) Summit and visit to Saudi Arabia.
Vietnam treasures and is ready to further intensify the friendship and multifaceted cooperation with Saudi Arabia, Prime Minister Pham Minh Chinh told Asharq Economy with Bloomberg on October 19.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
PM Pham Minh Chinh (R) and Executive Vice President of Aramco Yasser M.Mufti at their meeting in Riyadh on October 19 (Photo: VNA) 
PM Pham Minh Chinh receives CEO of the Saudi Fund for Development Sultan Al-Marshad in Riyadh on October 19. (Photo: VNA) 
