Qatar-Vietnam trade volume surges to $770m

Doha, Qatar: Qatar Vietnam relations have progressed in several areas including diplomacy, culture and trade. Importantly the trade volume between Qat...

Doha, Qatar: Qatar-Vietnam relations have progressed in several areas including diplomacy, culture and trade. Importantly the  trade volume between Qatar and Vietnam saw a notable increase last year, reaching $770 million, a significant rise from the $400 to $500 million recorded in 2022, said Vietnam Ambassador to Qatar, H E Tran Duc Hung, during a recent press briefing.

“In recent years, Vietnam-Qatar relations has made progress in multifaceted fields. The exchange visits at various high levels from both sides’ leadership have cemented bilateral relations between Vietnam and Qatar. Especially, the agreement on a mutual visa exemption for diplomatic official and special passport holders was signed in August 2022 and then put into effect in September 2023. This has created more favourable conditions for boosting bilateral relations,” he said.

Last year marked the 30th anniversary of diplomatic ties between Qatar and Vietnam. The Embassy of Vietnam commemorated this milestone with a series of cultural events, including film screenings and art performances, strengthening closer bonds between the peoples of both nations.

Moreover, Ambassador Hung highlighted Vietnam’s collaboration with Qatari companies at AgriteQ 2023 and in International Horticultural EXPO 2023 Doha, where the said country showcased top agricultural products such as rice, pepper, cashew nuts, and agarwood, among others.

“Petrovietnam has taken part in a number of energy-related service and LNG contracts with its Qatar counterparts. Vietnam has provided Qatar with 500 skilled labours in such fields as energy, and construction.” Petrovietnam is engaged in the energy sector, including oil and gas and renewable energy.