Kuwait trade to exceed 1 billion USD
Trade between Vietnam and Kuwait is likely to exceed 1 billion USD this
year, the acting Kuwaiti consul in HCM City, Abdulrazzaq Alkhuleefah,
has said.
Trade between Vietnam and Kuwait is likely to exceed 1 billion USD this
year, the acting Kuwaiti consul in HCM City, Abdulrazzaq Alkhuleefah,
has said.
In a press release on the 51st anniversary of Kuwait 's independence, he said the bilateral trade last year was worth 837 million USD, twice the 2010 figure, with Kuwaiti exports accounting for 808 million USD.
The 6.2 billion USD Nghi Son Oil Refinery Plant in Thanh Hoa province, in which Kuwait holds a 35.1 percent share, is one of Kuwait's biggest investment projects in Vietnam.
Cooperation between the two countries began in 1976 when the Kuwaiti Fund for Economic Development began to provide funds for a number of infrastructure projects.
It has thus far funded 10 projects worth 36.3 million dinars (130.7 million USD), which have played an important role in enhancing bilateral ties. - VNA
In a press release on the 51st anniversary of Kuwait 's independence, he said the bilateral trade last year was worth 837 million USD, twice the 2010 figure, with Kuwaiti exports accounting for 808 million USD.
The 6.2 billion USD Nghi Son Oil Refinery Plant in Thanh Hoa province, in which Kuwait holds a 35.1 percent share, is one of Kuwait's biggest investment projects in Vietnam.
Cooperation between the two countries began in 1976 when the Kuwaiti Fund for Economic Development began to provide funds for a number of infrastructure projects.
It has thus far funded 10 projects worth 36.3 million dinars (130.7 million USD), which have played an important role in enhancing bilateral ties. - VNA
You should also see
Top 500 fastest growing enterprises 2024 announced
A ceremony to announce the list of the top 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 real estate - construction - building materials companies in 2024 was held by the Vietnam Report JSC in collaboration with VietNamNet newspaper on April 25.
See more
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
Business
Airlines requested to increase flights during upcoming holiday
The Civil Aviation Authority of Vietnam (CAAV) has asked Vietnam's airlines to consider increasing the number of flights from Hanoi and HCM City to localities on April 27, and from localities back to Hanoi and HCM City on May 1 to meet the demand for air transportation during the April 30 - May 1 holidays.
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, according to statistics of the General Department of Customs.
Business
Vietnam seeks to remove obstacles in upgrade of securities market
The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Business
Ca Mau: Conference connects Vietnamese, Chinese firms
A networking conference was held in the Mekong Delta province of Ca Mau on April 24, in a bid to connect 54 local enterprises, mostly operating in the seafood sector, to their Chinese peers.
