Create all conditions for Saudi Arabian investors to feel secure and do business smoothly in Vietnam.

Prime Minister Pham Minh Chinh received Zamil Chairman, Mr. Abdulrahman Al Zamil.

At the meetings, Prime Minister Pham Minh Chinh affirmed that Vietnam will continue to create favorable conditions, build a safe, transparent and highly competitive investment and business environment; maintain national defense, security, a peaceful environment, ensure political stability, social order and safety so that investors can feel secure in their operations, production and business; always accompany enterprises to overcome difficulties and challenges, seize opportunities and advantages so that foreign investors can operate profitably, effectively and sustainably on the principle of compliance with legal regulations, harmonious benefits and shared risks.

Zamil Group was established in 1920 and is one of the largest industrial groups in Saudi Arabia. Its main areas of operation include industry (steel, plastics, paints, heavy industrial equipment, etc.), shipbuilding and repair, port operations and maintenance, petrochemicals, construction, etc. Zamil Group currently has 21,000 employees in 60 countries around the world . In 1993, Zamil Steel established a representative office in Ho Chi Minh City. Currently, Zamil Steel Vietnam is operating two modern factories with a total capacity of 120,000 tons of steel buildings per year, with more than 1,000 employees and workers, and a business network extending to 10 Southeast Asian countries and Bangladesh.

At the meeting, Zamil Chairman Abdulrahman Al Zamil introduced the group and announced plans to cooperate with Vietnamese partners in key areas to expand investment in the coming time. He said that Zamil is the largest direct investor not only from Saudi Arabia but also from the GCC region in Vietnam with about 1,000 employees working.

He said the Saudi Arabian business community was very pleased with the Prime Minister's visit and highly appreciated Vietnam's increasingly improving investment and business environment; in nearly 20 years of operating in Vietnam, the group has encountered almost no difficulties or obstacles.

He also thanked the Vietnamese side for its attention and support for the group's activities, affirming that the group has great expectations for Vietnam, an important market for the group, especially Vietnam's very favorable geographical location for export activities.

Zamil Steel's products have been distributed throughout Southeast Asia, Bangladesh, India, some African and European countries, and the group is continuing to make efforts to expand its export markets. Zamil and the Chairman himself have actively supported and coordinated with Vietnamese ministries, branches and localities to connect with other Saudi Arabian businesses, especially the successful organization of a program of activities for a delegation of 60 businesses from the Riyadh Chamber of Commerce in Vietnam in September 2023.

Prime Minister Pham Minh Chinh received leaders of major Saudi Arabian corporations including Zamil, Lulu and Ajlan & Bros.

The Prime Minister welcomed and highly appreciated the Group's business activities in recent times; highly appreciated the commitment to expand investment in Vietnam in the coming time and wished the Group to expand investment in other fields as well as increase the localization rate, prioritize innovation in production technology towards modernity, increase high technology content, sustainability, and environmental friendliness.

The Prime Minister asked Zamil to share its experiences, connect and encourage other businesses to invest and do business in Vietnam. The Prime Minister said that Vietnam has participated in 16 FTAs, has a favorable geographical location and an increasingly developed logistics system, has many favorable conditions for import and export, and easily connects to major markets in the region as well as the world.

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