(VOVWORLD) -Prime Minister Pham Minh Chinh proposed that Vietnam and Saudi Arabia continue to negotiate the Free Trade Agreement, Investment Protection Agreement, and Labor Agreement to send Vietnamese workers to Saudi Arabia.
 Prime Minister Pham Minh Chinh receives Saudi Arabia's Minister of Industry and Minerals. (Photo: VOV) |
At a meeting with Saudi Arabia’s Minister of Industry and Minerals Bander Alkhorayf, Chinh suggested that both countries enhance cooperation in culture, education, and training to strongly connect the two economies and boost two-way trade to 5 to 10 billion USD.
The Saudi Minister said that he will work with agencies of both countries to promote economic cooperation on a par with bilateral political and diplomatic relations, especially in the fields of automobiles, high technology, food processing, pharmaceuticals, vaccines, minerals, and Halal products.
He said he hopes that Vietnam will attend the Future Mining Forum hosted by Saudi Arabia in 2025.
Saudi Arabia is Vietnam's leading trading partner in the Middle East with bilateral trade turnover in 2023 at 2.7 billion USD, of which Vietnam’s exports valued at 1.1 billion USD.