Prime Minister Nguyen Tan Dung said Vietnam and Saudi Arabia should signagreements on investment protection and free trade as quickly aspossible to create a legal corridor for long-term cooperation.
The PM met with Saudi Arabia’s Minister of Agriculture, Fahad BinAbdul Rahman Balghamin, and Minister of Commerce and Industry AbdullahBin Ahmed Zainal Ali Ridha, in Hanoi on March 23.
“The twonations should further promote their multifaceted cooperation, based onthe great potential and strengths of each country,” PM Dung said.
Heaffirmed that the Vietnamese Government welcomed discussions with SaudiArabia to work out specific suitable cooperation models in the fieldsof agriculture, petro-chemistry and labour, for the sake of mutualbenefits.
He also suggested that the two sides should promote the exchange of experts and businesses to seek the most cooperative way.
TheVietnamese leader expressed his hope that following their visits, thetwo ministers would work harder to increase the two countries’cooperation.
The ministers said that potential for the two countries’ cooperation in agriculture was significant.
They said that during this visit, they will discuss with relevantVietnamese ministries and agencies about mechanisms that boostcooperation in agriculture, labour and oil refining, so as to raise thetwo countries’ trade turnover.
The ties between Vietnam and SaudiArabia are growing, especially in trade. Last year, the two countriesearned 700 million USD in turnover./.