A delegation from Saudi EXIM has concluded its trip to the Republic of Vietnam to explore collaborative prospects in the export and import sector. The goal of the visit was to boost trade between the countries.
Over three days, Saudi EXIM representatives engaged in a series of detailed discussions with top executives from key financial institutions and commercial banks in Vietnam. These meetings were aimed at examining opportunities to enhance the export and import framework between the two countries, build strategic alliances, and evaluate credit solutions (such as financing and insurance) to enhance trade relations and economic growth for both sides.
During the visit, the delegation met with several Vietnamese organizations such as the Development Bank of Vietnam, Joint Stock Commercial Bank for Foreign Trade of Vietnam (VietcomBank), Vietnam Bank for Agriculture and Rural Development (AgriBank), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Vietnam Prosperity Joint Stock Commercial Bank (VpBank) and Vietnam Association of Seafood Exporters and Producers (VASEP).These meetings focused on discussing prime opportunities for mutual cooperation, establish frameworks to enhance the export-import sector between the two parties, define strategic objectives, and explore possible areas for collaboration.
The initiative is an extension of Saudi EXIM Bank's intensified efforts to expand the scope of its strategic partnerships and leverage its resources to increase the share of non-oil exports in the non-oil GDP. In addition to promoting bilateral economic development. The visit marked a proactive measure to diversify Saudi Arabia’s sources of income, in line with the objectives of the Kingdom's Vision 2030. Saudi EXIM’s strategy is based on the recognition that exports are a key driver of economic growth in the Kingdom, particularly at a time when Saudi exports are experiencing swift expansion and an increased footprint within international markets.
