Tuesday, June 25, 2024
Tuesday, June 25, 2024
Home » Kuwait-Vietnam Trade Touches $5.5bln

Kuwait-Vietnam Trade Touches $5.5bln

by Leilani Sengtavisouk
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The Vietnamese ambassador to Kuwait, HE Ngo Tuan Thang, said Kuwaiti government investments in Vietnam is about 3 billion dollars and the investments of the Kuwaiti private sector is about 200 million.

Speaking on the sidelines of a luncheon he organized in downtown Kuwait City for the local media representatives to taste the Vietnamese food, ambassador Thang disclosed the total volume of trade exchange between the two countries is around $5.5 billion, and that Vietnam imports $5 billion worth of Kuwaiti oil, and Vietnam exports to Kuwait products worth about $500 million.

He called, the Vietnamese-Kuwaiti relations excellent and historical, and the diplomatic relations between the two friendly countries which began in 1976 are characterized by strength and durability and continue to develop in various fields of cooperation.

He added, the high-level mutual visits between both countries have contributed significantly to supporting and strengthening bilateral relations between the two countries.

Source : Pakistan Observer

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