Within the framework of the official visit to the Socialist Republic of Viet Nam from 3 to 5 September 2025 by H.E. Dr. Abdullah bin Ali Al-Dubaikhi, Assistant Minister of Investment of the Kingdom of Saudi Arabia, on 4 September 2025, at VDB headquarters, Mr. Le Van Hoan, Chairman of the Board of Directors of VDB, held a meeting with H.E. Dr. Abdullah bin Ali Al-Dubaikhi and the accompanying delegation.
At the meeting, Chairman Le Van Hoan expressed his pleasure in welcoming H.E. Dr. Abdullah bin Ali Al-Dubaikhi and the Saudi Arabian delegation to VDB; he provided an overview of VDB, highlighting its strengths, potential, as well as its goals and strategic directions for the coming period. He affirmed that one of VDB’s key functions is to invest in infrastructure development and projects in the fields of energy, green transition, healthcare, and education, priority areas for both the Government of Viet Nam and VDB at this stage.
On behalf of the Kingdom of Saudi Arabia, H.E. Dr. Abdullah bin Ali Al-Dubaikhi thanked Chairman Le Van Hoan for the warm reception and expressed confidence in the prospects for future cooperation. He emphasised his interest in exploring investment opportunities and incentives in Viet Nam in general and through VDB in particular, while also discussing financial solutions for priority projects. The delegation also expressed interest in strengthening business-to-business linkages between the two countries and exchanged views on potential project portfolios regarding investment scale, incentives, as well as opportunities in green energy and green finance.
Sharing the appreciation of H.E. Dr. Abdullah bin Ali Al-Dubaikhi for the strong friendship and cooperation opportunities between Viet Nam and the Kingdom of Saudi Arabia, Chairman Le Van Hoan proposed several concrete forms of cooperation, including mobilising medium- and long-term capital from the Saudi Fund for Development (SFD) and the Public Investment Fund of Saudi Arabia (PIF) with VDB as a focal point; exploring the possibility of establishing a joint Viet Nam–Saudi Arabia fund for investment in green sectors, renewable energy, and infrastructure; as well as enhancing professional exchanges, international cooperation opportunities, and technical assistance in the near future.
Also on 4 September 2025, VDB Deputy General Manager Mr. Nguyen Minh Tho attended a working session between the Saudi Arabian Assistant Minister of Investment and the Vietnamese Deputy Minister of Finance, thereby expanding the scope of cooperation discussions. The meeting took place in an open and constructive atmosphere, raising high expectations for new cooperation opportunities between VDB and Saudi Arabian partners, contributing to strengthening the friendship and promoting economic and investment ties between the two nations in the future./.