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Gulf Cooperation Opportunities

Báo Thanh niênBáo Thanh niên21/10/2023


On the morning of October 21, Prime Minister Pham Minh Chinh and the Vietnamese high-ranking delegation returned to Vietnam, successfully concluding their visit to Saudi Arabia and attending the ASEAN - Gulf Cooperation Council (GCC) Summit.

Chuyến thăm Ả Rập Xê Út đầu tiên của Thủ tướng: Cơ hội hợp tác vùng Vịnh - Ảnh 1.

Prime Minister Pham Minh Chinh and leaders of the host country and countries attending the conference

In just over 2 days in Saudi Arabia, the Prime Minister had more than 20 continuous activities, attending conferences, meeting leaders of ASEAN countries, Gulf countries as well as attending business forums, meeting large corporations of Saudi Arabia.

The ASEAN-GCC Summit was also the first time since the establishment of relations in 1990 that ASEAN leaders met with GCC leaders, marking a historic milestone in bilateral relations and adding new momentum to ASEAN-GCC cooperation for peace, stability and prosperity in both regions and the world .

According to Deputy Foreign Minister Do Hung Viet, the conference had special significance and achieved its set goals with many important results.

Firstly, both sides affirmed their respect for each other's role and position, committed to strengthening and deepening relations, equal and mutually beneficial cooperation; expected to periodically organize ASEAN - GCC summit meetings every two years.

Second, ASEAN and the GCC emphasized the need to effectively exploit the remaining large space and potential for cooperation between the two sides, and agreed to coordinate to promote cooperation in the fields of politics, security, economics, culture, society and development cooperation.

Third, the two sides agreed to strengthen multilateral cooperation, promote dialogue and cooperation, build trust, uphold the rule of law, respect independence, sovereignty, territorial integrity, and non-interference in each other's affairs. Join hands to address regional and global challenges, effectively contributing to peace, security, stability and sustainable development.

In addition, the countries expressed concern about recent developments in the Gaza Strip, calling on all parties to immediately cease fire, end the use of force, respect international humanitarian law, resume negotiations, and resolve disagreements through peaceful means, on the basis of international law and relevant United Nations resolutions.

ASEAN and GCC leaders adopted a joint statement, setting out directions for developing and elevating ASEAN-GCC relations in the coming time.

Prime Minister Pham Minh Chinh meets and talks with the Prime Ministers of Laos, Cambodia and the President of Indonesia

3 important messages from the Prime Minister

In particular, Prime Minister Pham Minh Chinh's visit to Saudi Arabia this time is also the first working trip by a Vietnamese Prime Minister, creating an important premise for the two countries to strengthen political trust and open up new cooperation opportunities.

This is also an opportunity to strengthen relations with all the Gulf countries, a region with a total GDP of up to 2,200 billion USD, if considered as a single economy, it would rank 8th in the world.

Prime Minister Pham Minh Chinh's working trip created a breakthrough in seeking new cooperation opportunities and expanding the market for Vietnamese goods and services in Saudi Arabia and the GCC market.

Especially in attracting investment capital, expanding trade, energy transition, sustainable growth, supplying highly skilled labor, developing the Halal industry, exporting agricultural and aquatic products and tourism.

According to the Deputy Minister of Foreign Affairs, the Vietnamese delegation actively and proactively participated, making important and responsible contributions to the overall success of the first ASEAN - GCC Summit.

Prime Minister Pham Minh Chinh met and discussed with Crown Prince, Prime Minister of Saudi Arabia Mohammed bin Salman, and leaders of Gulf countries.

At the conference, the Prime Minister delivered an important speech, highlighting the significance of the conference, opening up great expectations for both sides to work together to bring the relationship to a new height for peace, cooperation and mutual development.

Prime Minister Pham Minh Chinh brought a clear message to the conference: ASEAN and the GCC need to have political determination, dynamic adaptation, promote self-reliance and great cooperation potential, unleash development resources, initiate breakthrough ideas, and implement specific actions to truly make a strong breakthrough and become a bright spot in regional and world cooperation.

The head of the Vietnamese Government also proposed three important orientations to strengthen cooperative relations in the future.

Accordingly, ASEAN and GCC together create more favorable conditions for economy, trade and investment to become the main pillars, the driving force connecting the two regions, complementing each other for mutual development.

The two sides need to quickly institutionalize ASEAN-GCC cooperation through regular, substantive and effective cooperation mechanisms in each specific field to realize the commitments of the two sides' senior leaders. At the same time, strengthen multilateral cooperation to jointly maintain a peaceful and stable environment for development.

For Saudi Arabia, this is the first visit by a senior Vietnamese leader in 13 years and is very important, aiming to pave the way, seek and take advantage of cooperation opportunities between Vietnam and Saudi Arabia as well as countries in the Gulf region.

During talks with Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman and bilateral meetings with leaders of GCC member countries, the head of government expressed his determination to promote deeper, more substantive and more effective cooperation with other countries.

In order to unlock investment capital into Vietnam, Saudi Arabia's $620 billion Public Investment Fund has pledged to devote more resources to major infrastructure development projects in Vietnam.

Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman

Notably, all countries highly appreciated Vietnam's role and position, its leadership role as well as the future development prospects of Vietnam's economy.

The Crown Prince of Saudi Arabia affirmed his desire to join in accompanying Vietnam's bright future, and to turn his admiration for Vietnam into concrete cooperative actions in the coming time.

There are no limits to cooperation

The Emir of Qatar affirmed that there are no limits to cooperation with Vietnam. The two sides will coordinate to remove all barriers and obstacles, promoting cooperation between the two sides in the coming time.

Leaders of all countries believe that there is still much room for cooperation. Vietnam can open up to attract large investments, strengthen cooperation in traditional areas as well as expand into new areas such as digital transformation, green transformation, energy transformation, cooperation in response to climate change and many other diverse areas.

Cooperation opportunities have opened up with commitments to promote trade, open markets for Vietnam's agricultural and aquatic products and especially develop the Halal industry, opening a new direction for Vietnam's agricultural and food industry.

Chuyến thăm Ả Rập Xê Út đầu tiên của Thủ tướng: Cơ hội hợp tác vùng Vịnh - Ảnh 5.

The first ASEAN - GCC Summit is of great significance, promoting cooperation between the two regions.

In addition, there is a very important area of ​​cooperation in labor, including sending highly skilled Vietnamese workers to participate in major projects in Saudi Arabia and the Gulf countries. Promoting cooperation in tourism, enhancing connectivity, cultural exchange, and people-to-people exchanges between Vietnam and the Gulf countries.

Many large corporations of Saudi Arabia affirmed that they will consider expanding their investment activities in Vietnam in fields such as steel, pre-engineered steel, retail, agriculture and clean energy; and hope to expand their business networks to ASEAN countries through Vietnam.

Vietnam and Saudi Arabia have signed five cooperation documents in the fields of justice, diplomacy, crime prevention and control, tourism and trade promotion; thereby perfecting the legal framework and favorable cooperation conditions for the two countries in the coming time.



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