According to the U.S. Department of the Treasury’s semiannual report, released in November 2024, Vietnam was named in the Monitoring List along with China, Japan, South Korea, Taiwan (China), Singapore, and Germany.
At a meeting with PM Pham Minh Chinh in Riyadh on October 29, leader of the oil giant noted that it will continue active negotiations with Vietnam Oil and Gas Group to explore investment opportunities in the country.
At their meeting on October 29, the two Prime Ministers agreed to explore potential agreements and frameworks to bolster trade relations, recognizing the complementary strengths of both economies and their substantial untapped potential.
At their talks on in Riyadh on October 29 (local time), the two Prime Ministers highlighted the remarkable progress in the Vietnam-Saudi Arabia relations over the past 25 years and committed to elevating the bilateral relationship further.