The Qatar Chamber of Commerce and Industry discussed with a Vietnamese delegation economic relations, prospects for cooperation between the private sector and available investment opportunities.
Ali bin Abdul Latif Al-Misnad, a member of the Board of Directors of the Qatar Chamber, said that the volume of trade exchange between Qatar and Vietnam grew by 32% over the past year, and reached two billion riyals ($549.4 million), compared to 1.5 billion riyals in 2021, pointing to the existence of projects Joint ventures between the two sides in sectors such as health and pharmaceutical industries.
Al-Misnad added that the private sectors, Qatari and Vietnamese, can play an important role in developing relations between the two countries through the establishment of companies, trade alliances and investment projects.
Al-Misnad stressed, according to a statement by the Qatar Chamber today, Saturday, the chamber’s keenness to strengthen economic relations and introduce Qatari businessmen to the available investment opportunities, noting that Vietnam is an attractive investment destination.-
He pointed out that there is a desire among Qatari companies and investors to explore investment opportunities available in various sectors, such as agriculture, industry, tourism, real estate, banks and others, calling on Vietnamese companies to benefit from the investment climate in Qatar and the investment incentives and facilities granted by the state to foreign investments in various sectors.-
For his part, Deputy Director General for Asia and Africa at the Vietnamese Ministry of Industry and Trade, Noyen Phuc Nam, praised the relations between his country and Qatar, pointing out that his country attaches great importance to developing economic and trade relations with Doha, and providing facilities for Qatari business owners wishing to invest in
He added that Vietnam is a country that manufactures in various sectors, and is considered an important part of the global supply chain in many sectors, such as electronics, clothing, furniture, coffee, and others, stressing that the investment environment in Vietnam is attractive and that there are 143 countries investing in it.
In a presentation, the Vietnamese side dealt with the features of the economy, investment and economic components, and the most important industries and sectors available for investment between the private sector in both sides, in addition to the trade relations between Qatar and Vietnam. A mini exhibition of the most prominent Vietnamese products was held on the sidelines of the meeting.