Ho Chi Minh City Eyes Stronger Cooperation with Kuwait

Ho Chi Minh City always pays attention to promoting cooperation with Kuwait, thus helping to develop Vietnam-Kuwait relations in a comprehensive and practical way and in line with the needs and potential of both sides, VNA citied Vice Chairman of the municipal People’s Committee Vo Van Hoan speaked at a ceremony held by the Kuwaiti Consulate General on February 23 to celebrate the 63rd anniversary of Kuwait's Independence Day and the 33rd anniversary of Liberation Day.

Vietnamese people, including HCM City's residents, are happy to see achievements that the Kuwaiti Government and people have made during the past time, Hoan said.

Vice Chairman of Ho Chi Minh City People's Committee Vo Van Hoan and Consul General of Kuwait in Ho Chi Minh City Talal Alhazza cut the cake to congratulate at the celebration. Source: hcmcpv.org.vn

According to the official, the mutual understanding and shared desire for independence, freedom, peace and the will to thrive have been the foundation for the strong friendship between the Vietnamese and Kuwaiti peoples for nearly half a century since the two countries officially established diplomatic relations on January 10, 1976.

Vietnam always considers Kuwait as one of the most important partners in the Middle East in general and the Gulf region in particular, he said, adding that it is proved by Vietnam’s selection of Kuwait as the first country in the Gulf to open its embassy in 2023, which creates the foundation for future development.

Hoan emphasized that based on the good relations between the two countries, HCM City wants to further strengthen cooperation with Kuwait in the fields of trade, commerce, health care, education, tourism, heritage preservation, and the Halal industry.

Hoan expressed confidence that the Consul General, a veteran diplomat, knowledgeable about Southeast Asia, will make important contributions to the cooperative relationship between HCM City and Kuwait in general, and Kuwait localities in particular, especially Al Ahmadi - a locality that has friendly and cooperative relations with the City, in the near future.

Vice Chairman of the Ho chi Minh City People’s Committee Vo Van Hoan speaks at the event. Photo: VNA

For his part, Kuwaiti Consul General in HCM City Talal Alhazza emphasized that Kuwait – Vietnam relations have always been built based on friendship, mutual respect and understanding, and solidarity between the two peoples. The good relationship between the two countries has always been strengthened through mutual visits at all levels and bilateral cooperation agreements in many fields.

Over the past years, the Kuwait Fund for Arab Economic Development (KFAED) has played an active role in strengthening the bilateral relations between Kuwait and Vietnam by providing loans for infrastructure development projects in many rural and mountainous areas in Vietnam.

In addition, investment cooperation, trade promotion, and tourism activities promoted by the two countries’ agencies have opened up opportunities for cooperation between their businesses in the future. Kuwait has remained Vietnam's largest trading partner in the Middle East, and one of Vietnam's leading trading partners with two-way trade turnover reaching nearly USD 6 billion in 2023.

On this occasion, the Consul General called on Vietnamese entrepreneurs and businesses to continue investing in development projects in Kuwait, helping to promote bilateral trade and strengthen trade and investment relations between Kuwait and Vietnam.

Kuwait has a population of about 4.33 million and its per capita GDP hits some USD 53,000. The merchandise exports in Kuwait are expected to be USD 88.4 billion in 2024. The trade of merchandise in Kuwait is expected to be USD 123.6 billion in 2024. The trade of merchandise in Kuwait is expected to be 74.72% of GDP in 2024.

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