Trade relations between Kuwait and Vietnam have made satisfying progress, the Consulate of Kuwait in Ho Chi Minh City said in a statement released for the 54th anniversary of its independence day (February 25).
Trade relations between Kuwait and Vietnam have made satisfyingprogress, the Consulate of Kuwait in Ho Chi Minh City said in astatement released for the 54th anniversary of its independence day(February 25).
Trade exchange value between the two countriesreached 691 million USD in 2014. Vietnam's exports to Kuwait in 2014grew twice as much as the previous year, according to figures from theVietnam Customs Bureau.
Omar Al-Qenaei, Consul General of Kuwaitin HCM City, invited Vietnamese companies to make investments in amega-development plan approved by the Government of Kuwait. The plancomprises 1,100 projects worth a total of 107.8 billion USD. It includesthe creation of Silk City, a commercial hub and free trade zone withthe capacity for 700,000 residents.
Kuwait and Vietnam established diplomatic relations in 1976.-VNA
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
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The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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