Saudi Gazette report

RIYADH — A delegation from the Saudi Export-Import Bank (Saudi EXIM Bank) has concluded their visit to Vietnam aimed at discussing opportunities in the fields of export and import, and to enhance trade exchange between the two countries.

The delegation held extensive meetings over three days with senior executives representing the most important financial institutions and commercial banks in Vietnam to discuss and explore opportunities available to enhance the export and import system between the two sides.

The discussions also sought to develop strategic partnerships and review credit solutions, financing and insurance, in order to bolster trade relations and economic growth for both sides.

The Saudi delegation met with Vietnam Development Bank, the Joint Stock Commercial Bank for Foreign Trade of Vietnam, the Vietnam Bank for Agriculture and Rural Development, the Vietnam Joint Stock Commercial Bank for Industry and Trade, the Vietnam Prosperity Joint Stock Commercial Bank, and the Vietnam Association of Seafood Exporters and Producers.

These meetings focused on discussing ideal opportunities for cooperation, determining general frameworks for developing the export and import system between Saudi Arabia and Vietnam, setting strategic goals, and exploring potential areas of cooperation and opportunities.

This step comes within the framework of the Saudi Export-Import Bank’s efforts to intensify initiatives aimed at expanding strategic partnerships and leveraging capabilities to contribute to increasing the non-oil exports and diversifying national income sources in line with the Saudi Vision 2030.

Export is considered one of the most important engines of economic growth in Saudi Arabia, especially at a time when Saudi exports are witnessing rapid growth and a remarkable presence in foreign markets.