PM Chinh praised Kuwait’s achievements in economic diversification and institutional reform under the strategic framework of Kuwait Vision 2035, noting the important role of KFAED in supporting this development journey.

He highlighted the Fund’s effective support in Vietnam, providing concessional and grant financing for 15 projects across localities with a total value exceeding US$183 million. These activities, he said, have helped develop essential infrastructure, improve social welfare, address climate change, and enhance living standards, particularly in remote and disadvantaged areas.

Noting that the two countries have agreed to elevate bilateral relations to a Strategic Partnership, PM Chinh proposed that KFAED continue supporting Vietnam in areas such as social welfare, rural development, water supply, sanitation, healthcare, education, climate-adaptive infrastructure, and disaster recovery.

The Prime Minister also outlined Vietnam’s strategic priorities and three breakthrough areas, including key national projects such as expressways, high-speed rail, urban and standard-gauge rail networks connected internationally, large-scale seaports and airports, energy projects including nuclear, wind, and solar, as well as the establishment of an International Financial Centre.

He invited KFAED to invest directly and indirectly in these priority projects, to connect Kuwaiti enterprises with investment opportunities in potential sectors such as industry, logistics, renewable energy, the green economy, and the Halal ecosystem, and to support Vietnamese businesses in accessing opportunities in Kuwait and the Middle East.

PM Chinh also proposed establishing a Joint Working Group to facilitate investment cooperation by introducing potential projects, streamlining procedures, and gradually implementing initiatives from small to large scale. He emphasised Vietnam’s readiness to serve as a bridge for Kuwait and other countries in the Middle East to access the Chinese and ASEAN markets.

Waleed Al-Bahar and his team welcomed Vietnam’s socioeconomic progress and investment environment, and agreed with the proposal to establish a Joint Working Group. They underscored the need to promote public-private cooperation and new models of partnership, expressed interest in Vietnam’s priority sectors, and requested continued support from the Vietnamese government to facilitate specific cooperative and investment projects.

PM Pham Minh Chinh visits Al-Zour Refinery in Kuwait

VOV.VN - Vietnamese Prime Minister Phạm Minh Chính on November 17 visited the Al-Zour Refinery, as part of his ongoing State visit to Kuwait.