Vietnam trade value with Kuwait reaches new high
Trade relations between Kuwait and Vietnam have made satisfying progress, the Consulate of Kuwait in HCM City said in a statement released for the 54th anniversary of its independence day.
Trade exchange value between the two countries reached US$691 million in 2014. Vietnam's exports to Kuwait in 2014 grew twice as much as the previous year, according to figures from the Vietnam Customs Bureau.
Omar Al-Qenaei, Consul General of Kuwait in HCM City, invited Vietnamese companies to make investments in a mega-development plan approved by the Government of Kuwait. The plan comprises 1,100 projects worth a total of US$107.8 billion. It includes the creation of Silk City, a commercial hub and free trade zone with the capacity for 700,000 residents.
Kuwait and Vietnam established diplomatic relations in 1976.