Prime Minister Nguyen Xuan Phuc (R) and Kuwaiti Minister of Oil and Electricity and Water Khaled Ali Al Fadhel (Photo: VNA)

The PM thanked the Kuwaiti government for recognising Vietnam as a market economy and noted that two-way trade had almost reached 2.7 billion USD last year, 77 million USD of which came from Vietnam’s exports, mostly aquatic, forestry and agricultural products, and imports are crude oil. He expressed his delight at the outcomes of bilateral cooperation in oil and gas, particularly the Nghi Son oil refinery and petrochemical plant invested by Vietnam, Japan and Kuwait. 

Al Fadhel expressed his belief that the two countries will work closely and effectively together in various areas in the near future.  He affirmed that Kuwaiti investors will partner with Vietnamese and Japanese counterparts to continue implementing the Nghi Son project in an effective way.