Prime Minister receives executives of Aramco, Saudi Fund for Development

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

Talking to the Vietnamese PM, Executive Vice President of Aramco Yasser M.Mufti expressed his firm’s hope to have a chance to invest in Vietnam, which is working to build a new petrochemical plant.

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

PM Chinh welcomed Aramco’s plan to invest in Vietnam’s oil and gas sector, especially major petrochemical projects, and cooperate in the trading of oil, gas, and petrochemical products such as crude oil, liquefied gas, plastics, and fertiliser.

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

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 US$165 million 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.