Saudi Arabia and Vietnam strengthen economic partnership to drive growth and innovation across key sectors
Riyadh – Saudi Arabia and Vietnam took a major step toward deepening their strategic and economic relations as Minister of Economy and Planning Faisal Alibrahim met with Vietnam’s Deputy Prime Minister Nguyen Chi Dung in Riyadh.
The meeting, held on the sidelines of the ninth Future Investment Initiative conference, reflected both nations’ shared commitment to advancing cooperation in trade, investment, and sustainable development.
The discussions focused on expanding collaboration across several key sectors, including agriculture, infrastructure, energy, and technology.
Both sides emphasized the importance of fostering innovation and building resilient supply chains that support long-term prosperity.
The dialogue also highlighted opportunities for joint ventures and investment projects that align with the goals of Saudi Vision 2030 and Vietnam’s economic modernization agenda.
During the meeting, the two leaders reaffirmed their countries’ determination to enhance trade exchanges and develop new pathways for private sector engagement.
Vietnam, one of Asia’s fastest-growing economies, has expressed strong interest in exploring Saudi Arabia’s dynamic investment environment, particularly in renewable energy, digital transformation, and logistics.
In turn, Saudi Arabia views Vietnam as a vital gateway to Southeast Asia, offering valuable opportunities for cooperation in manufacturing, agriculture, and technology-driven industries.
Minister Faisal Alibrahim underlined Saudi Arabia’s commitment to creating a sustainable and diversified economy that welcomes international partnerships.
He noted that Vietnam’s technological expertise and its expanding industrial base complement the Kingdom’s ambitions to become a global hub for investment and innovation.
The meeting also explored potential cooperation in green energy initiatives, aligning with both countries’ shared vision for a more sustainable future.
Vietnam’s Deputy Prime Minister Nguyen Chi Dung praised Saudi Arabia’s rapid economic transformation and its leadership in fostering international collaboration.
He expressed Vietnam’s readiness to work closely with the Kingdom in areas that promote mutual growth, including digital economy development, infrastructure expansion, and agricultural trade.
Both parties agreed to continue high-level dialogues and establish frameworks to translate their discussions into actionable projects.
In addition to his talks with the Vietnamese delegation, Minister Alibrahim held meetings with global financial leaders attending the Future Investment Initiative.
He met with International Finance Corporation Managing Director Makhtar Diop to discuss the latest economic trends and explore opportunities to enhance financial cooperation in the Kingdom.
The discussions emphasized the importance of public-private partnerships and innovative financing models to accelerate development goals.
Minister Alibrahim also met with World Economic Forum President and CEO Borge Brende to exchange views on recent global economic developments and ongoing collaboration between Saudi Arabia and the WEF.
The two leaders discussed ways to strengthen cooperation on issues such as digital transformation, sustainability, and global investment flows. Their dialogue underscored the Kingdom’s growing influence in shaping the future of the global economy.
The meetings reflect Saudi Arabia’s proactive approach to fostering international alliances that drive progress, promote innovation, and encourage economic diversification.
As the Kingdom continues to build bridges with global partners, the partnership with Vietnam stands out as a promising example of shared ambition and mutual benefit.
By combining Saudi Arabia’s strategic vision and investment power with Vietnam’s innovation and manufacturing capabilities, both nations are setting the stage for a new era of collaboration that supports sustainable growth, enhances regional connectivity, and contributes to global economic resilience.
This renewed partnership marks another milestone in Saudi Arabia’s journey to position itself as a leading global investment destination and a key driver of international cooperation.
