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Kuwait eyes US$1 billion trade with Vietnam

Kuwaiti Consul General in Ho Chi Minh City Omar Al-Qenael has voiced his hope that two-way trade between Vietnam and Kuwait will exceed US$1 billion in the next few years.

Kuwaiti Consul General in Ho Chi Minh City Omar Al-Qenael has voiced his hope that two-way trade between Vietnam and Kuwait will exceed US$1 billion in the next few years.
The Consul General was speaking at the February 25 ceremony in HCM City marking the 53rd National Day and the 23rd anniversary of the Liberation Day of Kuwait.

The Kuwait-Vietnam relations have developed constantly for decades demonstrated in various cooperation areas while their trade ties have grown rapidly, reaching US$740 million in 2013, Omar Al-Qenael said.

He cited the Nghi Son oil refinery and petrochemical complex as one of Kuwait’s high-profile joint ventures in Vietnam.

Vietnamese businesses should be more proactive in market survey and marketing their products in Kuwait through trade fairs or exhibitions which will provide good opportunities for information sharing.

Municipal People’s Committee Vice Chairman Le Thanh Liem affirmed his city’s willingness to facilitate Kuwaiti investment and applauded the Consul General’s idea of calling for Vietnamese investors to come to Kuwait to seek opportunities.

Liem also used the occasion to congratulate Kuwait on its achievements recorded over the past years, including a 4.5% growth rate last year, the second highest in the Persian Gulf.

Source: VOV
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