Mr Trong noted with satisfaction marked progress in Vietnam-Kuwait relationship recently which he said has laid a firm foundation for increasing bilateral cooperation in economics, trade, and investment.

He said as both Vietnam and Kuwait are members of the World Trade Organisation (WTO), they can support each other in development. He expressed his hope that Kuwait would increase its investment in technical and social infrastructure in Vietnam.

Vietnam is making every effort to improve its investment and business environment, maintain socio-political stability and finalise its legal system to meet the country’s requirements for development and conform to international norms, said Mr Trong.

He said the Vietnam National Assembly will increase oversight of the implementation of cooperation agreements signed between the two countries.

The NA chairman echoed Minister Al-Haroun that both countries should increase the sharing of information and the exchange of business delegations to explore and establish partnerships.

For his part, Minister Al-Haroun expressed his hope that Kuwait and Vietnam would soon sign a number of agreements, creating a favourable legal corridor for stronger cooperation in the future.

Kuwait will prioritize official development assistance for Vietnam, focusing on infrastructure development projects, said Minister Al-Haroun.

He said many Kuwaiti businesses are interested in Vietnam’s investment environment and policies as well as some specific investment projects in Vietnam. He said Kuwaiti investment in Vietnam remains modest and the signing of a double tax avoidance agreement will offer great opportunities to the two countries’ businesses to expand investment cooperation.

Mr Trong conveyed his best regards and an invitation to the speaker of the National Assembly of Kuwait to visit Vietnam in the near future.