Thang: $3.5 billion in Kuwaiti investments in Vietnam

The Vietnamese Ambassador to Kuwait, Nguyen Duc Thang, affirmed his country’s aspiration to raise bilateral trade volume with Kuwait to $12 billion by 2030, noting that both nations possess broad opportunities to expand cooperation in the energy, food security, digital transformation, finance, logistics, education, and tourism sectors. This statement was made during a speech at the embassy’s celebration of the 50th anniversary of diplomatic relations between Vietnam and Kuwait, and the 81st anniversary of Vietnam’s National Day, attended by Deputy Minister of Foreign Affairs Ambassador Hamad Al-Mushaan, along with several ambassadors, diplomats, representatives of government entities and companies, and members of the Vietnamese community in Kuwait.

He stated that Kuwait was the first Gulf country to establish diplomatic relations with Vietnam in January 1976, emphasizing his country’s pride in Kuwait’s supportive stance toward the Vietnamese people during the war years, and its contribution to reconstruction and development efforts following the restoration of peace. He expressed appreciation for the loans provided by the Kuwait Fund for Arab Economic Development to support infrastructure, economic, and social development projects in several Vietnamese provinces, as well as Kuwait’s donation of 600,000 vaccine doses during the COVID-19 pandemic, considering these actions to embody a friendship cemented by deeds over half a century.

He further clarified that the official visit by the Vietnamese Prime Minister to Kuwait in November 2025 marked a historic milestone in bilateral relations, during which both countries elevated their ties to a strategic partnership level. He noted that Kuwait is the largest investor from the Middle East in Vietnam, with investments exceeding $3.5 billion, primarily concentrated in the Nghi Son Refining and Petrochemicals Complex.