The forum is jointly held by the Vietnamese Ministry of Foreign Affairs, and the Embassy and the Riyadh Chamber of Commerce and Industry of Saudi Arabia. (Photo: VNA)

The forum, jointly held by the Vietnamese Ministry of Foreign Affairs, and the Embassy and the Riyadh Chamber of Commerce and Industry of Saudi Arabia, brought together more than 750 representatives from ministries, agencies, investments funds and businesses.

In his remarks, Deputy PM Tran Luu Quang called the forum a vivid demonstration of the determination of the two sides to elevate the Vietnam-Saudi Arabia relationship to a new height.

Deputy Prime Minister Quang said: " Solutions to effectively implement the four pillars of cooperation that are increasing trade turnover; promoting investment in energy, high-tech, heavy industry and food industry; enhancing cooperation in information technology, digital transformation and telecommunications; and creating motivation for tourism and labour collaboration in a sustainable, effective and high-quality manner."

He also suggested the three key groups of tasks - completing the legal and policy framework to facilitate economic cooperation; stepping up the sharing of market information and cooperation opportunities; and effectively organizing activities connecting localities and businesses.

Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu urged enterprises to utilize the reciprocity of the two economies and foster their connectivity to reach specific cooperation agreements.

On this occasion, the Riyadh Chamber of Commerce and Industry of Saudi Arabia and its associations and businesses signed cooperation documents with the Department of Industry and Trade of Vietnam’s Mekong Delta province of Ben Tre, the center for investment, trade and tourism promotion of the southern province of Binh Phuoc, the young entrepreneurs association of the northern port city of Hai Phong, and the Department of Industry and Trade of the south-central province of Ninh Thuan.