Kuwaiti-Vietnamese meeting tackles business cooperation

Deputy President of the Chamber of Commerce and Industry (KCCI) Abdulwahab Al-Wazzan and Vietnamese Deputy Foreign Minister Dhang Dengkui
Deputy President of the Chamber of Commerce and Industry (KCCI) Abdulwahab Al-Wazzan and Vietnamese Deputy Foreign Minister Dhang Dengkui

HANOI, May 7 (KUNA) — As part of His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah’s visit to Vietnam, an economic Kuwaiti-Vietnamese meeting took place in Hanoi, headed by Deputy President of the Chamber of Commerce and Industry (KCCI) Abdulwahab Al-Wazzan and Vietnamese Deputy Foreign Minister Dhang Dengkui.
The meeting was also attended by Kuwait Direct Investment Promotion Authority (KDIPA) Director General Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, Kuwait Investment Authority’s Executive Manager Farouq Bastaki, Kuwait Petroleum International’s (KPI) Vice President Ghanem Al-Otaibi, and head of Vietnam Petrochemicals Project Nghi Son.
During the meeting, Dengkui welcomed, in his opening speech, the Kuwaiti delegation and expressed pleasure for this opportunity to tackle a number of issues to boost economic cooperation between the two sides, including the latest developments that took place in Vietnam in recent years.
The Vietnamese official highlighted various economic prospects in his country, namely the modernization of its infrastructure, transportation, and commercial transit which paved the way for Vietnam to become one of the biggest exporters to the global markets.
The foreign ministry official also shed light on Vietnamese labor and vital cooperation that could benefit both sides, particularly in nursing and health sector.
For his part, Al-Wazzan expressed in his speech on behalf of KCCI his keenness to enhance economic ties with Vietnam and its private sector.
Al-Wazzan also expressed hope that such level of cooperation would improve, recalling previous projects in Kuwait including the B.O.T and PPP, including discussion in details on Kuwait’s development plan and targeted projects.
Later, an open discussion took place and a presentation on several projects in Vietnam was given by a number of Vietnamese investment officials, and finally a number of cooperation protocols between KCCI and Vietnam’s chamber of commerce and industry were signed.
Last night, Kuwait Petroleum International (KPI) and PetroVietnam signed a cooperation agreement that aims at re-focusing on their refining and petrochemicals strategies.
KPI’s Chief Executive Officer Bakheet Al-Rashidi said, on Friday, that the agreement would enhance KPI’s manufacturing and refining strategies in order to provide a safe venue for Kuwaiti crude. (end) mb

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