On August 26, the Investment Promotion and Support Committee (IPA) coordinated with the Department of Foreign Affairs to attend the online conference "Strengthening investment cooperation between Vietnam and the Middle East: Potentials, opportunities and approaches new approach" organized by the Ministry of Foreign Affairs in collaboration with relevant ministries, branches and partners in the Middle East region.

The Middle East is known as a region with leading oil and gas reserves, plays an important role in global energy security, has strengths in investment in the high-tech industrial sector, in the field of processing and manufacturing, developing modern industrial park infrastructure and becoming a world-class logistics, commercial and tourism service center.

In the context of the COVID-19 pandemic, which has affected world oil prices, Middle Eastern countries also aim to reform their economies in the direction of diversifying revenue sources, reducing dependence on oil, which promotes economic growth. strong investment abroad. This is a good opportunity for Vietnam in general and Quang Ninh in particular to attract abundant FDI capital from this region.

The relationship with Middle East partners has also been focused by the Quang Ninh provincial government from the very beginning through the first Middle East investment promotion and research trip of the province's leaders since 2008 and the delegation's business trip to the Middle East. Quang Ninh province worked with a number of large investment groups of the United Arab Emirates (UAE) in May 2014. However, attracting investment from the Middle East to Quang Ninh province is still modest, not commensurate with the potential of the province. Comments The seminar is an opportunity for Quang Ninh province to promote the investment environment, representatives of the Investment Promotion and Support Board participated in the discussion and had the opportunity to introduce the potential and strengths of Quang Ninh province. to Middle Eastern investors.

Ms. Vu Thi Kim Chi, Deputy Head of the IPA Standing Committee also emphasized: Quang Ninh attaches special importance to and appreciates investment from Middle Eastern investors. Quang Ninh government is committed to always accompanying and supporting businesses and investors to research and invest in the province.

Concluding the discussion of Quang Ninh province, Mr. Bui Ha Nam, Deputy Director General in charge of the Middle East - Africa Department, Ministry of Foreign Affairs, once again affirmed: Quang Ninh is a locality with a high competitive advantage. at the same time, invites Middle Eastern investors to come to Quang Ninh to explore investment opportunities after the Covid-19 pandemic is under control.

Source: Collector