The official visit, the first of its kind by a Prime Minister of Vietnam to the Middle East country after 15 years, takes place in the context that the bilateral relations are developing well, with various substantive results.
More than three decades of good relations
Vietnam and Qatar officially established their diplomatic relations on February 8, 1993. Over the past 30 years, thanks to the efforts of senior leaders and people of both countries, their multifaceted cooperation has seen significant development steps in various fields.
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Prime Minister Pham Minh Chinh |
Regular visits by both countries’ leaders have contributed to strengthening political trust and facilitating bilateral collaboration.
In addition, Vietnam and Qatar have organized political consultations between the two Ministries of Foreign Affairs three times in February 2015, July 2022 and July 2024, and two meetings of their joint committee in Doha in April 2013, and in Hanoi in April 2016. Notably, a wide range of activities were held in both countries last year to celebrate the 30th anniversary of the establishment of their diplomatic ties.
The two countries have regularly supported each other at multilateral forums. Qatar endorsed Vietnam's candidacy for a non-permanent seat at the United Nations Security Council for the 2020-2021 term, while the Southeast Asian nation is also always ready to act as a bridge for the Middle East country to step up cooperation with the Association of Southeast Asian Nations (ASEAN).
Ample room remains for economic, trade cooperation
Along with political relations, economic collaboration has also developed strongly. With complementary advantages, economic collaboration is regarded as a bright spot in the bilateral relationship. With its strong potential in energy and finance, Qatar is assessed to be a promising economic and investment partner for Vietnam.
Last year, two-way trade enjoyed a year-on-year surge of 32% to 497.2 million USD. Vietnam’s main imports included gas, plastics, and chemicals, while its key exports were aquatic products, electrical wires and cables, wooden products, and bamboo products.
Currently, Qatar has one investment project in Vietnam in the manufacturing and processing industry, with registered capital of 3.23 million USD. According to information from the Qatari side, the Qatar Investment Authority (QIA) is indirectly pouring capital (through development banks and third-party investment funds) into several real estate and industrial projects in Vietnam, with total capital of about 500 million USD. Meanwhile, the Petrovietnam Technical Services Corporation (PTSC) is implementing several contracts to supply equipment, design services, and personnel for Qatar's North Oil Company from 2019 to 2025.
Tourism cooperation and people-to-people exchanges have many advantages, especially since Qatar Airways opened direct flights from Doha to Ho Chi Minh City in 2007, to Hanoi in 2010, and to Da Nang in 2018. The airline is also operating some flights from Vietnam to other countries.
Labor is another area of cooperation between Vietnam and Qatar, with approximately 300 Vietnamese workers currently working in the Middle Eastern country.
Both nations are working to finalize important agreements that will provide a legal framework for collaboration in maritime affairs, customs, justice, security, culture, and tourism, while promoting the establishment of a business council to facilitate cooperation in energy, gas, and oil services.
According to experts, Qatar has advantages in geographical location and transport connectivity among continents, with a system of modern and developed airports and seaports. Therefore, economic, trade, and investment cooperation with Qatar is not limited to its territorial boundaries but can take advantage of its role as a gateway to penetrate the Gulf region and other markets.
Similarly, given Vietnam's strategic position in the ASEAN region, Qatar can use Vietnam as a means to access neighboring markets. It can also support and complement Qatar with its advantages in agricultural production and food exports, machinery, equipment, and electronic components. Additionally, the Southeast Asian nation can provide skilled laborers for Qatar, particularly in technical fields, nursing, and service sectors; and exchange knowledge and experience in areas like digital transformation and energy transition.
Therefore, PM Chinh's official visit is expected to help strengthen political trust and create momentum for a new phase of cooperation in the Vietnam-Qatar relations, especially in attracting investment from Qatar to Vietnam and facilitating Vietnamese goods and services' access to the Qatari market and the Gulf region.
According to Deputy Minister of Foreign Affairs Nguyen Minh Hang, the trip aims to promote a more comprehensive and effective relationship between the two countries, particularly in market opening, high-quality investment, and cooperation in labor, education, culture, sports, tourism, people-to-people exchanges, climate change response, and new fields like science and technology, clean energy, digital transformation, innovation, and the development of the Halal industry.
Source: VNA