Vietnam, Qatar eye stronger trade, investment relations
The Vietnamese embassy in Doha Monday marked Vietnam’s 81st Independence Day at a reception hosted by its ambassador, Nguyen Huy Hiep. The event was attended by His Excellency Dr Ali bin Saeed bin Sma...
On Vietnam's 81st Independence Day, the Vietnamese embassy in Doha hosted a reception to celebrate the occasion. Ambassador Nguyen Huy Hiep presided over the event, attended by senior officials from both nations and various diplomatic missions. Ambassador Nguyen emphasized the deepening friendship between Vietnam and Qatar, noting the strong bilateral ties that have grown over the past three decades.
The two countries established diplomatic relations in 1993, and their cooperation has expanded across various sectors, with trust, mutual respect, and mutual benefit forming the foundation of their relationship.
The Vietnamese ambassador highlighted the official visit of Prime Minister Pham Minh Chinh to Qatar in October 2024, which marked a significant step forward in their cooperation. Prime Minister Chinh's visit focused on economic, trade, investment, and energy ties. In 2025, bilateral trade turnover reached $700 million, with Vietnam exporting machinery, equipment, tools, iron and steel products, vessels, computers, electronic products and components, seafood, and other goods to Qatar. In return, Qatar supplied Qatar with gas, plastics, base metals, and chemicals.
Despite the current modest volume of trade, Ambassador Nguyen stressed the potential for expansion. Vietnam's Ministry of Foreign Affairs reported that Qatar has invested $3.23 million in a processing and manufacturing sector project in Vietnam, while Qatar's Investment Authority has indirectly invested $500 million in various real estate and industrial projects through development banks and third-party funds.
During his visit to Qatar, Prime Minister Nguyen encouraged QIA to increase its investment in Vietnam, particularly in strategic sectors, paving the way for stronger bilateral investment ties in the future.
Regarding the current regional security challenges, Ambassador Nguyen condemned the use of force and called for peaceful resolution through dialogue. He emphasized that Vietnam supports this approach, as Qatar is actively working towards regional peace and stability. He expressed hope for continued peace and prosperity for both nations as their excellent relationship deepens over time.
Written by urgent.news from Gulf Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
