This is the first time the Ministry of Foreign Affairs has coordinated with the Ministry of Planning and Investment to organize a webinar to discuss the trends and policies of overseas investment of Middle Eastern countries, and the potential of the Vietnamese market, thereby proposing measures to improve the efficiency of investment cooperation between Vietnam and the region.
Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc (left) and Deputy Minister of Foreign Affairs Pham Quang Hieu (right) at the event.
The event brought together more than 300 delegates from ministries, agencies, research institutes, representative offices, businesses, associations, investment funds and localities of Vietnam and Middle Eastern countries.
At the event, delegates agreed that the Middle East is a large and high potential market, not only in terms of oil and gas, but also in financial resources and science and technology with many prestigious public investment funds. In the context of the complicated development of the COVID-19 epidemic, many Middle Eastern countries continue to promote economic diversification and tend to invest abroad in the direction of sustainable and green economic development associated with digital transformation, prioritizing fields such as tourism and resort, green real estate, finance, and clean energy.
They said that over the past time, due to the impact of COVID-19, many activities to promote and attract investment between the two sides still face many difficulties. However, the two countries still see great room for cooperation.
In order to improve the efficiency of investment cooperation between Vietnam and the Middle East, many delegates suggested that the two sides should seek new, flexible, and more effective approaches like diversifying investment forms, setting up joint investment funds, and completing the legal framework.
In his closing speech, Deputy Foreign Minister Pham Quang Hieu pledged that the foreign ministry will closely coordinate with the Ministry of Planning and Investment and other ministries, agencies and localities to support businesses in promoting bilateral investment partnerships in an effective and pragmatic fashion./.