Within the framework of his official visit to Kuwait, Prime Minister Pham Minh Chinh on November 18 held working sessions with several ministers, leaders of investment funds, and leading economic groups of Kuwait to promote the realization of the newly upgraded Vietnam-Kuwait Strategic Partnership across all sectors, according a report from the Government News.
In a meeting with Managing Director of the Kuwait Investment Authority (KIA) Sheikh Saud Salem Abdulaziz Al-Sabah, PM Chinh stated that the upgrade of Vietnam-Kuwait relations to a Strategic Partnership serves as a favorable condition to promote cooperation between the two countries in all fields, particularly in the economy.
Noting that economic, investment, and trade cooperation between Vietnam and Kuwait in recent times has been slow and not yet commensurate with the political ties between the two nations, the PM emphasized the need to realize the new Strategic Partnership.
He proposed that the KIA provide financing and cooperate not only with the State sector but also with Vietnam's private sector in priority areas and projects, through both direct and indirect investment channels.
In particular, the PM urged the promotion of a direct Kuwait-Vietnam air route to enhance economic connectivity, business linkages, cultural exchange, tourism development, and people-to-people ties.
KIA Managing Director Sheikh Saud Salem Abdulaziz Al-Sabah stated that the KIA is currently diversifying its investments, looking not just at the present but at long-term development globally, with Vietnam identified as a key destination.
He noted that Kuwait in general, and Kuwaiti enterprises in particular, are keen to cooperate, with many existing investment projects in Vietnam already operating effectively.
Expressing strong agreement with PM Chinh's views, Mr. Sheikh Saud Salem Abdulaziz Al-Sabah proposed sending a working delegation to coordinate with Vietnamese partners to resolve bottlenecks and pave the way for future projects. He aims to promote sustainable investment cooperation between the two countries and expressed hope that both Governments would support this policy to facilitate specific, long-term joint projects for mutual prosperity.
He affirmed his readiness to explore new cooperation opportunities in sectors prioritized by Vietnam and to encourage investors to come to the country. He emphasized that the Fund possesses substantial capital resources, seeks long-term investments, and aims to contribute to Vietnam's prosperity. Additionally, he highly appreciated Vietnam's tourism potential, noting that many Kuwaiti citizens wish to visit, and agreed to promote the establishment of a direct flight route between the two nations.
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