Prime Minister Pham Minh Chinh expressed his delight at the positive development of cooperation between Vietnam and the GCC since their last meeting at the WEF Davos conference in January 2025. He highlighted the ongoing discussions between Vietnam and the GCC on the early initiation of Free Trade Agreement (FTA) negotiations as a significant step forward.
The Prime Minister requested the GCC Secretary-General’s support in expediting the completion of procedures to announce the launch of FTA negotiations between the GCC and Vietnam as soon as possible. He also proposed negotiating investment encouragement and protection agreements to facilitate expanded economic, trade, and investment cooperation.
Prime Minister Chinh suggested that the GCC Secretary-General encourage investors and businesses to increase investments in Vietnam, especially in the development of international financial centers and projects related to digital transformation, energy transition, and green economy.
GCC Secretary-General Jasem Mohamed AlBudaiwi congratulated Vietnam on its impressive achievements in economic growth and investment attraction, becoming a potential economy and a major industrial production hub globally.
Affirming the GCC’s commitment to strengthening cooperation with Vietnam, the Secretary-General agreed with Prime Minister Chinh’s proposals. He pledged to push for the early initiation of FTA negotiations between Vietnam and the GCC, creating a favorable legal framework for enhanced economic cooperation.
Both sides agreed to coordinate the effective and practical implementation of the commitments made at this Conference. They will also collaborate on trade and investment promotion events in Vietnam and develop a specific plan to implement the Memorandum of Understanding between the Vietnamese Ministry of Foreign Affairs and the GCC Secretariat effectively.
On this occasion, Prime Minister Pham Minh Chinh conveyed the greetings of General Secretary To Lam and other Vietnamese leaders and invited the GCC Secretary-General to visit Vietnam in 2025. The Secretary-General gladly accepted the invitation.
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The construction of the Tu Lien Bridge will require the clearance of approximately 62.53 hectares of land, impacting an estimated 701 land parcels.
Indictment and Arrest of the Chairman of the People’s Committee and Four Subordinate Officials
Corruption within the ranks: Officials have been taking bribes to turn a blind eye to illegal construction on agricultural land.
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On May 27, 2025, Khai Hoan Land (HOSE: KHG) solidified its strategic partnership with leading developer Vinhomes (HOSE: VHM) by signing an agreement to distribute the Vinhomes Green City project. This marks a significant milestone in the long-standing collaboration between the two esteemed companies.
“Prime Minister Pham Minh Chinh Proposes China Prioritize Railway Cooperation”
During his meeting with Chinese Premier Li Qiang, Prime Minister Pham Minh Chinh proposed prioritizing railway cooperation and expressed his determination to commence the construction of the Lao Cai-Hanoi-Hai Phong route in 2025. He requested China’s support in preferential credit, technology transfer, and human resources development.
“Vietnam: Forging a Hungary-Southeast Asia Alliance”
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