Upon arriving in Doha, Qatar, to begin his official visit, Prime Minister Pham Minh Chinh met with Sheikh Bandar bin Mohamed bin Saud Al-Thani, Chairman of the Qatar Investment Authority (QIA) and Governor of Qatar Central Bank, and Sheikh Faisal Bin Thani Al Thani, Chief of Asia & African Investments at QIA, the Government News reported.

The Prime Minister requested that QIA consider expanding investments in Vietnam, focusing on strategic infrastructure projects, including: highways, high-speed railways, urban railways, subways, seaports, transit airports, telecommunications infrastructure, climate change response infrastructure, digital transformation, social infrastructure, healthcare, and education; and wind power, solar power, energy storage systems, and power transmission.

The PM assured that the Vietnamese government guarantees the legitimate rights and interests of investors, highlighting the country's three strategic breakthroughs: Streamlined institutional framework, Development of strategic infrastructure, and Training high-quality human resources.

He emphasized Vietnam's commitment to improving the investment and business environment by simplifying administrative procedures, reducing logistics costs, input costs, and compliance costs.

This, he said, would enhance the competitiveness of products, focus on developing social infrastructure to provide social services for investors and workers, and offer training and upskilling opportunities for workers to support investors.

Sheikh Bandar bin Mohamed bin Saud Al-Thani commended the strong political relations between the two countries, noting that Vietnam is an emerging market with significant investment opportunities. He stated that QIA's strategy focuses on strengthening investments in the Far East and East Asia, particularly in locations where they can invest long-term.

Expressing appreciation for the Prime Minister's insights on Vietnam's investment environment and investment attraction priorities, Sheikh Bandar bin Mohamed bin Saud Al-Thani announced that QIA is willing to expand investments in Vietnam in the future.

He confirmed that QIA will send a delegation to Vietnam to explore specific projects, particularly in the sectors highlighted by the Prime Minister.

QIA is Qatar's sovereign wealth fund, with estimated assets under management of approximately $475 billion at the end of 2023. QIA manages Qatar's oil and natural gas surplus.

In Vietnam, the State Capital Investment Corporation (SCIC) and QIA have signed two Memoranda of Understanding (MOUs) to enhance information exchange and explore opportunities for cooperation and investment, particularly in Vietnam.

PM Pham Minh Chinh arrived in Doha on October 30 evening (local time), beginning his 3-day official visit to Qarta.