11 Apr 2010
(MENAFN) Vietnam’s President, Nguyen Minh Triet, began a rare visit to Saudi Arabia and said that the two countries will sign an agreement to encourage Saudi Aramco invest in two refineries to be built in the Asian country, Reuters reported.
The president also welcomed Saudi companies’ interest in investing in rice cultivation in Vietnam, noting that the kingdom is one of the world’s top five rice importers, while Vietnam is the world’s second-largest rice exporter.
The agreement will mainly evolve around encouraging Saudi Aramco to invest in and supply crude oil to oil refineries that the Vietnamese government plans to build and at the same time open the door for Petrovietnam to engage in upstream activities in Saudi Arabia.
Like other GCC countries that rely on food imports, Saudi private companies have boosted efforts over the last two years to buy or lease land in developing nations in order to ensure supplies after 2008’s hike in commodities prices.
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more