"We have the desire and the means, there is no reason not to cooperate with each other"
Báo Dân trí•30/10/2024
(Dan Tri) - Sharing with Saudi Arabian businesses about Vietnam's orientation, the Prime Minister pointed out many favorable factors for investment. "We have the desire and conditions, there is no reason not to cooperate with each other," he said.
On the morning of October 30 (local time), Prime Minister Pham Minh Chinh received leaders of several large corporations of Saudi Arabia, such as Zamil Group; Saudi Arabia Agricultural and Livestock Investment Company (Salic). Enterprises can rest assured to invest for hundreds of years in Vietnam . Zamil is the largest industrial investment group in Saudi Arabia, with investments focusing on the construction materials manufacturing, petrochemicals, trade and services, real estate and investment sectors. Zamil Industrial and Zamil Steel are subsidiaries of Zamil, specializing in manufacturing and supplying products, technical systems and services for the construction industry. Prime Minister Pham Minh Chinh received Chairman of the Board of Directors of Zamil Industrial Company Abdullah Mohammad Alzamil (Photo: Doan Bac). Prime Minister Pham Minh Chinh said that the political and diplomatic relations between Vietnam and Saudi Arabia are very good, but the economic relations are not yet commensurate. Therefore, he suggested that businesses increase investment to promote economic cooperation between the two countries. Sharing about Vietnam's development orientation, the Prime Minister clearly stated the goal of green production, clean production and sustainable development. Environmental protection in the production of industries such as iron and steel is very necessary and important in the current period, according to the head of the Vietnamese Government. In addition, the Prime Minister also mentioned the issue of digital transformation in production, business and distribution of goods. "Vietnam will promote institutional building, create an open and equal business environment, prioritize green development, sustainable development, and environmental protection", the Prime Minister stated the orientation "policy mechanisms must follow new development trends". Thanks to the right direction, in the context of a decline in total global investment, Vietnam is expected to attract 35-40 billion USD in foreign investment; import and export are expected to reach 800 billion USD, entering the top 18-20 countries in the world in terms of import and export. Promoting the development of strategic infrastructure to reduce input costs, creating better competitiveness for products, focusing on investing in transportation systems, seaports and logistics infrastructure is also the content that the Prime Minister noted. According to him, investing in infrastructure of industrial parks, export processing zones and high-tech parks, building international seaports and airports, building high-speed railway systems... are the directions that Vietnam is focusing on to increase the competitiveness of goods. Soft infrastructure in telecommunications, digital transformation, smart governance will also contribute to facilitating investors and reducing labor costs. In particular, according to the head of the Vietnamese Government, it is important to improve the skills and qualifications of workers, combined with the development of science and technology to increase labor productivity, reduce costs, create competition and improve investment efficiency. In addition, the Prime Minister emphasized that Vietnam is strengthening its defense and security potential, maintaining social order and safety so that investors can feel secure in investing for hundreds of years without worrying about being affected by war or political instability. Those contents, according to the Prime Minister, are the things that Vietnam is trying to implement to support investors. "Vietnam's policies are not what businesses are worried about" Chairman of the Board of Directors of Zamil Industrial Company Abdullah Mohammad Alzamil was very impressed with the message that Prime Minister Pham Minh Chinh just mentioned. He expressed his agreement with the viewpoint on environmental protection in production and business and affirmed that the Group always complies with environmental standards. Chairman of the Board of Directors of Zamil Industrial Company Abdullah Mohammad Alzamil was very impressed with the message delivered by Prime Minister Pham Minh Chinh (Photo: Doan Bac). Mr. Abdullah Mohammad Alzami said that the Group has invested in Vietnam for 36 years, starting from a small factory in Hanoi but now has 3 large production facilities. In recent times, Zamil has expanded its investment, increased automation to improve productivity and competitiveness, according to Mr. Abdullah Mohammad Alzami. He also shared his desire to invest in Vietnam and considered this a strategic investment. Prime Minister Pham Minh Chinh encouraged businesses to diversify their products, diversify their supply chains and expand their production facilities, and pledged to create the best conditions for their operations in Vietnam. Mr. Sulaiman AIRumaih, CEO of Saudi Arabian Agricultural and Livestock Investment Company (Salic), shared that he was very happy to hear about the socio-economic development situation in Vietnam. Appreciating Vietnam's message and strategic plan in attracting investment, a good message when Vietnam has a plan and strategy for development and attracting investment, Mr. Sulaiman AIRumaih said "Vietnam's policy is not something that makes businesses worry". Although he has not yet made direct investments in Vietnam, he said that the unit has made indirect investments through a subsidiary, with the orientation of expanding trade cooperation in rice and animal feed to ensure food security, creating conditions for the development of many other industries and fields. Prime Minister Pham Minh Chinh received Mr. Sulaiman AIRumaih, CEO of Saudi Arabian Agricultural and Livestock Investment Company (Photo: Doan Bac). Mr. Sulaiman AIRumaih affirmed his willingness to share experience and technology with Vietnam in supplying and processing agricultural products. Salic's leader said he would continue to seek investment opportunities in Vietnam. Welcoming this idea, the Prime Minister said that agriculture is Vietnam's strength, so businesses can consider investing and organizing delegations to Vietnam to research and work with Vietnamese units to come up with effective investment solutions. Sharing the desire to soon welcome businesses to Vietnam to carry out specific work, the Prime Minister emphasized, "We have the desire, the aspiration and the conditions, there is no reason not to cooperate with each other."
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