Qatar commits to raising trade to 1 bln USD with Vietnam
Qatari Minister of Economy and Trade Sheikh Mohamed Al-Thani has
committed to raising two-way trade with Vietnam to 1 billion USD in the
coming years.
Qatari Minister of Economy and Trade Sheikh Mohamed Al-Thani has
committed to raising two-way trade with Vietnam to 1 billion USD in the
coming years.
He made the pledge at the Vietnam–Qatar economic cooperation forum in Doha, capital of Qatar on December 14, adding that Qatar is diversifying its economy so as to ease over-reliance on oil and gas.
Qatar has poured 4.5 billion USD into the Long Son petrochemical complex and raised its stakes in property projects in Vietnam. Two-way trade currently focuses on petroleum and gas, with Vietnam shipping wood and farm produce to Qatar, the minister said.
He expressed his hope that the booming demand for infrastructure will open up opportunities to Vietnamese constructors and human resource suppliers as Qatar is set to host World Cup in 2022.
Deputy Prime Minister Nguyen Xuan Phuc briefed the Qatari business community of Vietnam’s political and socio-economic situation, saying that the country is speeding up economic restructuring and shifting growth model, partly by fine-tuning legal regulations, including the law on public investment, corporate law and a decree on public-private partnership.
Vietnam will equitise over 430 State firms, including groups and corporations between now and late 2015. With the ASEAN Community taking shaping late next year, Vietnam is not only a key gateway of the Greater Sub-Mekong region but also a bridge linking up ASEAN economies together, he said.
Together with the World Trade Organisation commitments and 14 free trade agreements in force, Vietnam will form a key part of a wide-ranging economic network covering 55 nations and create an environment conducive to foreign firms operating in the nation, Phuc added.
Several Qatari businesses expressed their interest in buying rice, cashew nuts, and pepper, or in real estate ventures in Vietnam.
At the end of the forum, the Vietnam and Qatar Chambers of Commerce and Industry signed a memorandum of understanding on cooperation.
During in Qatar, Phuc also attended the Vietnam Days with a multitude of cultural activities.-VNA
He made the pledge at the Vietnam–Qatar economic cooperation forum in Doha, capital of Qatar on December 14, adding that Qatar is diversifying its economy so as to ease over-reliance on oil and gas.
Qatar has poured 4.5 billion USD into the Long Son petrochemical complex and raised its stakes in property projects in Vietnam. Two-way trade currently focuses on petroleum and gas, with Vietnam shipping wood and farm produce to Qatar, the minister said.
He expressed his hope that the booming demand for infrastructure will open up opportunities to Vietnamese constructors and human resource suppliers as Qatar is set to host World Cup in 2022.
Deputy Prime Minister Nguyen Xuan Phuc briefed the Qatari business community of Vietnam’s political and socio-economic situation, saying that the country is speeding up economic restructuring and shifting growth model, partly by fine-tuning legal regulations, including the law on public investment, corporate law and a decree on public-private partnership.
Vietnam will equitise over 430 State firms, including groups and corporations between now and late 2015. With the ASEAN Community taking shaping late next year, Vietnam is not only a key gateway of the Greater Sub-Mekong region but also a bridge linking up ASEAN economies together, he said.
Together with the World Trade Organisation commitments and 14 free trade agreements in force, Vietnam will form a key part of a wide-ranging economic network covering 55 nations and create an environment conducive to foreign firms operating in the nation, Phuc added.
Several Qatari businesses expressed their interest in buying rice, cashew nuts, and pepper, or in real estate ventures in Vietnam.
At the end of the forum, the Vietnam and Qatar Chambers of Commerce and Industry signed a memorandum of understanding on cooperation.
During in Qatar, Phuc also attended the Vietnam Days with a multitude of cultural activities.-VNA
You should also see
Dien Bien Phu Victory echoes, 70 years on
Seventy years ago, Vietnam won the Dien Bien Phu battle, forcing the French government to sign the Geneva Agreement in July 1954 and marking the end of the French military presence in the whole Indochina.
See more
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
