Saudi and Vietnamese business leaders from more than 40 companies met in Riyadh to discuss how to increase the booming healthy trade volume, which is 2.2 billion dollars. At the Saudi Vietnam Business Forum held by the Saudi Chamber of Commerce, representatives of 21 Saudi companies and 20 Vietnam discussed how to benefit from the opportunities provided by the Kingdom's vision of 2030.

Abdeljani Rumeh, Vice Chairman of the Regional Business Council of Southeast Asian Countries in Saudi Arabia, praised the Saudi Vietnam Joint Commission and its reflection on trade volume, which will be about 8.2 billion rials in 2021.

Vietnam is one of the fastest growing economies in Southeast Asia. Before the COVID-19 pandemic, the average GDP growth rate was between 6% and 7%.

This meeting is in line with Saudi Arabia's recent efforts to strengthen its ties with the international market by establishing new bilateral organizations and holding forums and meetings with Finland, India, Uzbekistan, Thailand, France, Indonesia and Spain.

Saad Shahrani, the deputy minister in charge of investment promotion of the Ministry of Investment of Saudi Arabia, said in an interview with the Arab News in early 2022 that although global foreign direct investment had declined by 35% due to the epidemic, the Kingdom's foreign direct investment had increased by 18% in 2020.

Since the launch of the Vision Blueprint in 2030, Saudi Arabia has implemented more than 600 economic reforms to attract cumulative investment of 12.4 trillion riyals and FDI inflows of 1.8 trillion riyals as part of its national investment strategy.Editor/Xing Wentao