Prime Minister Pham Minh Chinh holds talks with Crown Prince and Prime Minister of Saudi Arabia

On the occasion of attending the 8th Future Investment Initiative Conference and visiting and working in the Kingdom of Saudi Arabia, on the afternoon of October 29 local time, in the capital Riyadh, Prime Minister Pham Minh Chinh had talks with Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman Bin Abdulaziz Al Saud.

Crown Prince and Prime Minister Mohammed bin Salman expressed his pleasure to welcome Prime Minister Pham Minh Chinh to the Kingdom of Saudi Arabia and warmly welcomed Prime Minister Pham Minh Chinh to attend and speak as the main guest of the FII8 Conference.

The Crown Prince and Prime Minister affirmed that the participation of Vietnam - a typical country in dynamic economic development in Asia, opens up new opportunities for investors, making an important contribution to the success of the conference and to the development strategy in the region.

Prime Minister Pham Minh Chinh congratulated Saudi Arabia on its achievements in gradually realizing Vision 2030, enhancing the role and position of Saudi Arabia in the Middle East and the world.

On this occasion, Prime Minister Pham Minh Chinh conveyed the regards and invitations of General Secretary To Lam, President Luong Cuong, and National Assembly Chairman Tran Thanh Man to King Salman bin Abdulaziz and invited Crown Prince and Prime Minister Mohammed bin Salman Bin Abdulaziz Al Saud to pay an official visit to Vietnam at a suitable time.

Crown Prince and Prime Minister Mohammed Bin Salman sincerely thanked the Vietnamese leaders for their greetings to King Salman bin Abdulaziz and affirmed that he will soon visit Vietnam in the near future.

In an atmosphere of friendship, openness and sincerity, the two Prime Ministers highly appreciated the remarkable developments in bilateral relations between Vietnam and Saudi Arabia over the past 25 years and agreed to cooperate closely to bring the bilateral relationship to new heights.

On that basis, the two leaders agreed to promote the exchange of delegations at all levels, especially high-level delegations both bilaterally and on the sidelines of multilateral forums; make economic cooperation a main pillar in bilateral relations, making Saudi Arabia one of the leading investors in Vietnam and aiming to increase bilateral trade turnover to over 10 billion USD by 2030.

The two sides identified the pillars of the two countries' "future cooperation" as innovation, green transformation, and digital transformation; making education, tourism, labor and people-to-people exchange a solid foundation for the relationship between the two countries and continuing to closely coordinate and support each other on regional and world issues at international forums, especially at the United Nations, to limit risks, enhance dialogue and cooperation, for peace and development in the region and the world.

Prime Minister Pham Minh Chinh encouraged Saudi Arabia to invest in strategic, iconic and breakthrough projects in Vietnam; consider building a transit and storage center for crude oil and petrochemical products in Vietnam for export to markets in Southeast Asia; exploit the potential for developing Vietnam's Halal industry, considering this a key task, both contributing to ensuring food security for Saudi Arabia and opening up opportunities to exploit Vietnam's potential Halal market; connect innovation centers of the two countries; coordinate in organizing international technology exhibitions; cooperate in building an innovation ecosystem in Vietnam and share experiences in building an international financial center in Ho Chi Minh City.

The Crown Prince and Prime Minister of Saudi Arabia agreed with the proposals of Prime Minister Pham Minh Chinh, and suggested that both sides direct ministries and sectors to continue discussions to concretize cooperation proposals and realize bilateral cooperation potential.

Prime Minister Pham Minh Chinh asked the Crown Prince, the Prime Minister and the relevant authorities of Saudi Arabia to create favorable conditions for the Vietnamese community living and working in Saudi Arabia to deeply integrate into the locality and actively contribute to the development of Saudi Arabia and the friendly cooperation between the two countries.

The Crown Prince and Prime Minister of Saudi Arabia affirmed that he will create favorable conditions for Vietnamese workers to stabilize their lives in Saudi Arabia.

During the talks, Prime Minister Pham Minh Chinh assigned the ministers participating in the delegation to immediately promote exchanges with Saudi Arabian partners to concretize the results of the discussions between the two Prime Ministers.