Vietnam seeks to boost economic ties with Saudi Arabia

The Vietnamese Embassy in Saudi Arabia has stepped up trade promotion activities, popularising the country's products in many of the host localities, Ambassador Dang Xuan Dung told the Vietnam News Agency in an interview.
Vietnam seeks to boost economic ties with Saudi Arabia ảnh 1Vietnamese Ambassador to Saudi Arabia Dang Xuan Dung (first on the left) introduces Vietnamese products at Lulu Supermarket in the Middle East country. (Photo: VNA)

Hanoi (VNA) – The VietnameseEmbassy in Saudi Arabia has stepped up trade promotion activities, popularising the country's products in many of the host localities, Ambassador Dang Xuan Dung told the VietnamNews Agency in an interview.

The embassy has alsoconnected businesses of the two countries to know each other’sdemands. Samples have been displayed in seven out of the 13 regions of Saudi Arabia, namely Riyadh, Jeddah, Dammam, Tabuk, Al Jouf, Al Kharj, Qassim.

According to the ambassador,to create favourable conditions for Vietnamese aquatic products to access the SaudiArabian market, the embassy has actively lobbied the Saudi Food and DrugAdministration to lift the ban on the import of this type of product. As aresult, 38 Vietnamese aquatic enterprises have been licensed to export to SaudiArabia since August 2020.

The export turnover of Vietnam’saquatic products to the Middle East country in the first nine months of thisyear increased by more than 200% compared to the same period last year.

The embassy has also proactively updated and providedinformation to domestic businesses about the economic situation as well as taxand trade policies of the host and the neighbouring countries. Investmentforums and seminars have been held in localities,thereby creating favourable conditions for the two countries' businesscommunities to learn about the market as well as explore business cooperationopportunities, he said.

The embassy in collaboration with Lulu supermarketchain and embassies of the Association of Southeast Asian Nations (ASEAN) countriesorganised the annual week "Amazing ASEAN: Discover the Flavour of Asia" to popularise food and consumer goods of Vietnam and other ASEAN countries in Saudi Arabia market, Dung said.

The ambassador said it is necessary for Vietnam topush up the export of agricultural and aquatic products including rice, cashewnuts, tea, pepper, coffee and canned fish to the Middle East country as many Saudi Arabian enterprises areinterested in.

In the coming time, the embassy will continue topromote Vietnamese products and strengthen the connection between the businesscommunities of the two countries and encourage potential Saudi Arabian investors toparticipate in Vietnamese projects, he said./.

VNA

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