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Prime Minister receives executives of Aramco, Saudi Fund for Development

Prime Minister Pham Minh Chinh received leaders of Aramco group and the Saudi Fund for Development in Riyadh capital of Saudi Arabia on October 19.
Prime Minister receives executives of Aramco, Saudi Fund for Development ảnh 1PM Pham Minh Chinh (R) and Executive Vice President of Aramco Yasser M.Mufti at their meeting in Riyadh on October 19 (Photo: VNA)
Riyadh (VNA) – Prime Minister Pham Minh Chinh receivedleaders of Aramco group and the Saudi Fund for Development in Riyadh capitalof Saudi Arabia on October 19.

The meetings took place as part of his trip to Saudi Arabia to attend the Associationof Southeast Asian Nations (ASEAN) - Gulf Cooperation Council (GCC) Summit andvisit the country.

Talking tothe Vietnamese PM, Executive Vice President of Aramco YasserM.Mufti expressed his firm’s hope to have a chance to invest in Vietnam, which isworking to build a new petrochemical plant.

He proposed the Vietnamese Government createconditions for Aramco to expand investment in the country, firstly permittingthe group’s technical team to come to survey the market.

PM Chinhwelcomed Aramco’s plan to invest in Vietnam’s oil and gas sector, especially major petrochemicalprojects, and cooperate in the trading of oil, gas, and petrochemical products suchas crude oil, liquefied gas, plastics, and fertiliser.

He called on Aramco to provide conditions for the Vietnam Oiland Gas Group (Petrovietnam) participate in supplying oil and gas services in SaudiArabia, seek large projects to jointly invest in, and assist with training oiland gas manpower.

Prime Minister receives executives of Aramco, Saudi Fund for Development ảnh 2PM Pham Minh Chinh receives CEO of the Saudi Fund for Development Sultan Al-Marshad in Riyadh on October 19. (Photo: VNA)
In a separate meeting, CEO of the Saudi Fund for Development (SFD) Sultan Al-Marshad informed Chinh that the fund has implemented 13 projects in Vietnam over the past 13 years. He proposed the Vietnamese Government continue to create more favourable conditions for the fund to operate effectively in the country and pledged more resources for projects in Vietnam.

Chinh appreciated the SFD’s preferential loans worth 165 million USD for Vietnam's ODA projects, helping improve infrastructure and the living standards of Vietnamese people in remote and disadvantaged areas.

To ensure effective joint works in the future, the PM said both sides need to enhance exchanges, coordination, and fulfillment of their commitments, contributing to further strengthening comprehensive cooperation between Vietnam and Saudi Arabia./.
VNA
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