The Kuwait Fund for Arab Economic Development will provide US$14.4 million for the northern mountain province of Hoa Binh to implement a multipurpose rural development project in Da Bac district.
Minister of Industry and Trade Vu Huy Hoang and Kuwaiti Minister of Oil and Information Sheikh Ahmad Al-Abdulla Al-Sabah have discussed measures to boost bilateral ties, especially in trade, investment, energy and infrastructure construction.
The Kuwait Fund for Arab Economic Development has agreed to provide Vietnam with US$14 million in loans to carry out the Cha To – Muong Tung road construction project in Dien Bien province.
Vietnam welcomes and will create favourable conditions for Kuwaiti investors in Vietnam, President Nguyen Minh Triet said in an exclusive interview with Kuwait’s Al Alba’a daily on August 14.
Prime Minister of Kuwait Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah began an official visit to Vietnam on May 23, at the invitation of Prime Minister Nguyen Tan Dung.