Prime Minister Pham Minh Chinh emphasized that the relationship between Vietnam and Qatar is developing well, based on mutual trust, and provides a solid foundation for businesses of both countries to expand cooperation.
According to the VNA special correspondent, during his official visit to the State of Qatar, on the afternoon of October 31st in Doha, Prime Minister Pham Minh Chinh met with Mr. Amir Ali Salemi, CEO of JTA International Investment and Consulting Group.
During the meeting, Mr. Amir Ali Salemi stated that JTA is an international financial investment group. JTA's subsidiaries operate in sectors such as energy, construction, innovation and technology, tourism and transportation, healthcare, agriculture , and food security.
In Vietnam, JTA is collaborating with T&T Group to explore investment opportunities, including an agreement to jointly research investment in the Dong Anh sports complex and commercial center project in Hanoi.
This complex is expected to cover a total area of 330 hectares, including a stadium with a capacity of 60,000 people, an indoor and outdoor sports training and competition complex, a youth athlete training center... and functional facilities meeting Olympic standards. Along with that will be a themed park complex and an amusement park modeled after Disneyland.
Prime Minister Pham Minh Chinh highly appreciated JTA's effective investment and business activities in Qatar in particular and around the world in general; he supported the Group's vision and social responsibility in implementing investment and business activities aimed at sustainable development and green growth.
According to the Prime Minister, the relationship between Vietnam and Qatar is developing well, based on mutual trust, and provides a solid foundation for businesses of both countries to expand cooperation. However, economic cooperation is still not commensurate with the political and diplomatic relations and the aspirations of the people of both countries.
The Prime Minister welcomed the investment plan for a sports complex project in Dong Anh, noting that Hanoi, with a population of approximately 10 million, currently lacks a sports complex of comparable size and symbolic significance.
The Prime Minister hopes that the construction of this complex will contribute to meeting the needs of the people of Hanoi, but its operation needs to be efficient with accompanying services to ensure long-term sustainability.
The Prime Minister also requested JTA to continue expanding cooperation and investment in Vietnam and to play a bridging role in bringing potential investors from Qatar in particular and foreign countries in general to invest in Vietnam.
The Prime Minister requested that the projects be implemented with the spirit of "what has been said must be done, what has been committed must be fulfilled." During the implementation process, if any obstacles arise, the Vietnamese agencies and localities will handle them within their authority; if they exceed their authority, they will report to the competent authority for consideration and decision.
At the end of the meeting, the Prime Minister witnessed the signing ceremony of the Memorandum of Agreement on cooperation in research and investment in the Dong Anh sports complex and commercial center project between T&T and JTA.
According to the signed agreement, JTA will be primarily responsible for arranging the financing and funding for the project's implementation.
T&T, together with JTA, will propose the selection of consultants, conduct idea research, planning, design, operational management, and complete all legal procedures in accordance with Vietnamese and international law.
Earlier on the evening of October 30, Prime Minister Pham Minh Chinh received leaders of the Qatar Investment Authority (QIA) - Qatar's national investment fund, with estimated assets of approximately US$475 billion in 2023.
Sheikh Bandar Al Thani, Chairman of QIA and Governor of the Central Bank of Qatar, and Sheikh Faisal Al Thani, QIA's Asia-Africa Regional Investment Director, stated that QIA manages the Qatari government's oil and natural gas surplus. With a strategy to reduce risk from dependence on energy prices, the Fund primarily invests in non-energy sectors and in international markets.
QIA leaders stated that QIA is very selective in choosing investment locations. However, after researching emerging markets, QIA identified investment opportunities in Vietnam, which aligns with QIA's strategy of focusing on the Far East and East Asia.
In Vietnam, the State Capital Investment and Business Corporation (SCIC) and QIA have signed two Memorandums of Understanding (MOUs) to enhance information exchange and explore ways to promote cooperation and investment opportunities; they have also agreed to establish a joint investment fund.
Welcoming QIA's cooperation with Vietnam's SCIC, Prime Minister Pham Minh Chinh stated that the relationship between Vietnam and Qatar is developing well, based on mutual trust, with rapidly growing and promising economic cooperation, providing a solid foundation for businesses of both countries to expand cooperation. However, investment cooperation between the two countries remains modest.
The Prime Minister requested QIA to consider increasing investment in Vietnam, focusing on strategic infrastructure projects, including hard and soft infrastructure, such as transportation infrastructure including expressways, high-speed rail, urban rail, subways, seaports, transit airports; telecommunications infrastructure; climate change adaptation infrastructure; digital transformation; social infrastructure, healthcare, education; wind power projects, solar power projects, energy storage and transmission systems, etc.
The Prime Minister welcomed QIA's delegation to Vietnam, which will directly exchange views with Vietnamese agencies or through flexible forms such as online exchanges, to learn specifically about the national list of key projects calling for investment in Vietnam, select suitable projects to participate in investment; strengthen cooperation with SCIC; and enhance consultation and policy input.
The Prime Minister affirmed that the Government guarantees the legitimate rights and interests of investors; promotes three strategic breakthroughs in building a transparent institutional framework, developing strategic infrastructure, and training high-quality human resources; accelerates the improvement of the investment and business environment; reforms administrative procedures towards simplification and speed; reduces logistics costs, input costs, and compliance costs; enhances product competitiveness; focuses on developing social infrastructure to ensure social services for investors and workers; and trains and upgrades the vocational skills of workers to support investors.
Expressing strong agreement with the Prime Minister's views and acknowledging the information shared by the Prime Minister regarding Vietnam's investment environment and investment priorities, Sheikh Bandar Al Thani stated that QIA is ready to expand its investment in Vietnam in the near future and will send a delegation to Vietnam to promote specific projects, especially in the areas mentioned by the Prime Minister.
![[Photo] Closing Ceremony of the 10th Session of the 15th National Assembly](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F11%2F1765448959967_image-1437-jpg.webp&w=3840&q=75)
![[Photo] Prime Minister Pham Minh Chinh holds a phone call with the CEO of Russia's Rosatom Corporation.](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F11%2F1765464552365_dsc-5295-jpg.webp&w=3840&q=75)
![[OFFICIAL] MISA GROUP ANNOUNCES ITS PIONEERING BRAND POSITIONING IN BUILDING AGENTIC AI FOR BUSINESSES, HOUSEHOLDS, AND THE GOVERNMENT](https://vphoto.vietnam.vn/thumb/402x226/vietnam/resource/IMAGE/2025/12/11/1765444754256_agentic-ai_postfb-scaled.png)
Comment (0)