Saudi Fund for Development contributes to Vietnam’s development
The Embassy of Saudi Arabia in Vietnam on November 6 held an event highlighting contributions of the Saudi Fund for Development (SFD) in Vietnam and the world.
Hanoi (VNA) - TheEmbassy of Saudi Arabia in Vietnam on November 6 held an event highlighting contributionsof the Saudi Fund for Development (SFD) in Vietnam and the world.
Speaking at the event, Saudi Arabian Ambassador toVietnam Mohammed Ismaeil A. Dahlwy said, founded in 1974, the SFD is a financialinstitution of the Saudi Arabian government that has played a significant role in providingfunding for development projects in developing countries. It has so far fundedover 800 projects and development programmes across various fields in 100countries.
In Vietnam, the SFD has provided concessional loans🐟 for12 projects, ranging from the construction and expansion of educational andhealthcare facilities to the development of transportation infrastructure and upgradeof rural infrastructure affected by natural disasters, contributing to closeties between Saudi Arabia and Vietnam over the past 24 years.
Onthe occasion, CEO of the SFD Sultan Al-Marshadannounced that the Ha Nam Vocational College project, funded bythe SFD with a budget of over 9 million USD, was inaugurated in theafternoon of the same day. As next year marks the 25th founding anniversary of bilateraldiplomatic ties, Vietnamese Deputy Minister of Planning and Investment Tran Quoc Phuong expressedhis belief that the SFD will continue playing as a bridge to foster Vietnam –Saudi Arabia ties, aiming for new cooperation opportunities thatalign with the priorities of both sides./.
Deputy Minister of Industry and Trade Cao Quoc Hung and Deputy Minister of Economy and Planning of Saudi Arabia Bandar AlKhamies co-chaired the fourth session of the Vietnam-Saudi Arabia Joint Committee on Economic, Scientific and Technological Cooperation via videoconference on April 7.
Prime Minister Pham Minh Chinh met with Saudi Arabia's Minister of Economy and Planning Faisal Al-Ibrahim and Minister of Human Resources and Social Development Ahmed Al-Rajhi in Riyadh on October 19 (local time), as part of his trip to attend the ASEAN - Gulf Cooperation Council (ASEAN - GCC) Summit and visit to Saudi Arabia.
Prime Minister Pham Minh Chinh has proposed the Public Investment Fund (PIF) of Saudi Arabia – one among the world’s 10 biggest public investment funds – expand and diversify investment activities in Vietnam's priority areas such as digital transformation, green economy, circular economy, innovation, renewable energy, high technology, tourism and Halal industry.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
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.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
Delegates at the event (Photo: nhandan.vn) 
