Vietnam, Qatar look to tap potential for energy, oil & gas collaboration

By Anh Minh
Fri, November 1, 2024 | 9:02 pm GMT+7

Vietnam and Qatar have recognized the significant potential for further collaboration in multiple sectors such as energy, oil and gas, especially LNG, agriculture, Halal industry, and banking.

This is the highlight of a joint communiqué on the occasion of Vietnamese Prime Minister Pham Minh Chinh’s official visit to Qatar from October 30 to November 1 at the invitation of his Qatari counterpart Mohammed bin Abdulrahman bin Jassim Al Thani.

Vietnamese Prime Minister Pham Minh Chinh (left) and Qatari Prime Minister and Minister of Foreign Affairs Mohammed bin Abdulrahman bin Jassim Al Thani in Doha, October 31, 2024. Photo courtesy of the government’s news portal.

Vietnamese Prime Minister Pham Minh Chinh (left) and Qatari Prime Minister and Minister of Foreign Affairs Mohammed bin Abdulrahman bin Jassim Al Thani in Doha, October 31, 2024. Photo courtesy of the government’s news portal.

The following is the full text of the joint communiqué between the Socialist Republic of Vietnam and the State of Qatar, provided by Vietnam’s Ministry of Foreign Affairs:

1. At the invitation of His Excellency Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of the State of Qatar, His Excellency Pham Minh Chinh, Prime Minister of the Socialist Republic of Vietnam, paid an official visit to Qatar from October 30 to November 01, 2024, marking the first official visit by a Prime Minister of Vietnam to Qatar in 15 years.

2. With sincerity, mutual trust and understanding, His Excellency Prime Minister Pham Minh Chinh paid a courtesy call on the Emir of Qatar, His Highness Sheikh Tamim bin Hamad Al Thani, held an official talk with Prime Minister and Minister of Foreign Affairs, His Excellency Mohammed bin Abdulrahman bin Jassim Al Thani and called on Speaker of the Shura Council, His Excellency Hassan bin Abdulla Al-Ghanim, and met with the Minister of Communications and Information Technology; the Minister of Labor; the Minister of State for Energy Affairs; Chairman of Qatar Investment Authority (QIA); and Chairman of Qatar Businessmen Association (QBA).

3. The two sides noted with satisfaction the achievements of their 30-year bilateral relationship that has been flourishing and expanding across multiple fields. The two sides pledged to promoting the exchange of delegations and contacts at all levels and through various channels, and strengthen people-to-people ties, to further advance the excellent cooperation between Vietnam and Qatar.

4. With a shared vision to further deepen the political trust and elevate Vietnam-Qatar relationships to a more profound and advanced level, the two sides agreed to work towards upgrading bilateral relations to a more involved, concrete and effective Partnership.

5. The two sides consider negotiating bilateral agreements on the areas of, among others, visa exemption, labor, economic and trade to expand their market access. The two sides emphasized the importance of economic, trade, and investment cooperation and recognized the significant potential for collaboration in other sectors such as energy, oil and gas, especially liquefied natural gas (LNG), agriculture, Halal industry, banking, etc. The two sides agreed to strengthen trade and investment activities, with an aim to attract more investment from Qatari funds to strategic investment projects in Vietnam enhance business connections, and support investors from both sides.

6. Both sides pledged to enhance defense and security cooperation and maintain an environment of cooperation and peace in the two regions and the world.

7. The two sides recognized the importance of promoting education and training, tourism, and cultural and sports exchange to strengthen people-to-people connections and deepen mutual understanding. Both sides agreed to increase scholarships for each other’s students. In addition, both sides agreed to explore cooperation opportunities in emerging sectors, such as semiconductors, artificial intelligence, cloud computing, clean energy, solar energy, digital transformation, innovative governance, green and circular economy, among others.

8. During the visit, the two sides signed a number of bilateral agreements and MOUs to enhance cooperation namely: i) Protocol between the Government of the Socialist Republic of Vietnam and the Government of the State of Qatar amending the Agreement between the Government of the Socialist Republic of Vietnam and the Government of the State of Qatar for Air Services signed on 08 March 2009; ii) Memorandum of understanding on cooperation in the field of sports between the Government of the Socialist Republic of Vietnam and the Government of the State of Qatar; iii) Memorandum of understanding on cooperation in the legal field between the Ministry of Justice of the Socialist Republic of Vietnam and the Ministry of Justice of the State of Qatar; iv) Memorandum of understanding on cooperation in the field of diplomatic training and education between the Diplomatic Academy of Vietnam of the Ministry of Foreign Affairs of the Socialist Republic of Vietnam and the Diplomatic Institute of the Ministry of Foreign Affairs of the State of Qatar; v) Memorandum of understanding between State Capital Investment Corporation and Qatar Investment Authority LLC concerning investment cooperation.

9. The two sides exchanged views on international and regional issues of mutual interest and underscored the importance of upholding international law and the United Nations Charter, advocating the resolution of disputes by diplomatic means to maintain peace, stability, and security and promote development at regional and global levels.

10. Both sides expressed confidence in the promising future of Vietnam - Qatar relationships and committed to working closely together to implement the outcomes of high-level visits. Prime Minister Pham Minh Chinh expressed his heartfelt appreciation for the warm hospitality accorded to him and his delegation. Vietnamese Prime Minister conveyed the invitations from His Excellency To Lam, Secretary-General of the Communist Party of Vietnam and His Excellency Luong Cuong, President of the Socialist Republic of Vietnam to His Highness Sheikh Tamim bin Hamad Al Thani, Emir of Qatar and from His Excellency Tran Thanh Man, President of the National Assembly of Vietnam to the His Excellency Hassan bin Abdulla Al-Ghanim, Speaker of the Shura Council and invited His Excellency Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of Qatar to visit Vietnam at mutually convenient dates. The invitation has been well received by Qatari leaders.

Doha, November 1, 2024.

Comments (0)
  • Read More
TCBS overtakes SSI to become Vietnam’s largest securities company by market cap

TCBS overtakes SSI to become Vietnam’s largest securities company by market cap

Over 2.3 billion shares of Techcom Securities JSC (TCBS) debuted on the Ho Chi Minh City Stock Exchange (HoSE) on Tuesday. The stock, TCX, recorded the highest price and the largest market capitalization in the Vietnamese securities sector.

Finance - Tue, October 21, 2025 | 10:27 pm GMT+7

Indonesia’s palm oil industry becomes investment magnet

Indonesia’s palm oil industry becomes investment magnet

Indonesia’s palm oil sector attracted IDR52.7 trillion, or approximately $3.2 billion, in investment during the first nine months of this year, with the money going into enabling the country to capture more value out of its top commodity, the country’s Ministry of Investment reported.

Southeast Asia - Tue, October 21, 2025 | 9:34 pm GMT+7

Indonesia reports strong job, investment growth

Indonesia reports strong job, investment growth

The Indonesian Coordinating Ministry for Economic Affairs reported strong job and investment growth during the first year of President Prabowo Subianto’s administration, compared with the first year under his predecessor.

Southeast Asia - Tue, October 21, 2025 | 9:29 pm GMT+7

Singapore grants conditional approval for 1GW low-carbon power import from Malaysia

Singapore grants conditional approval for 1GW low-carbon power import from Malaysia

Singapore has granted conditional approval to import 1 GW of low-carbon electricity from the Malaysian state of Sarawak, marking a new phase in the energy partnership between the two countries.

Southeast Asia - Tue, October 21, 2025 | 9:26 pm GMT+7

Margin lending in Vietnam’s stock market hits record, but not worrisome

Margin lending in Vietnam’s stock market hits record, but not worrisome

Despite margin debt in Vietnam’s stock market surging sharply, experts believe that current margin pressure is not yet a major concern as top securities firms have significantly strengthened their capital buffers.

Finance - Tue, October 21, 2025 | 4:23 pm GMT+7

Lenders in Vietnam now in low-rate lending race: ACB exec

Lenders in Vietnam now in low-rate lending race: ACB exec

The biggest “headache” for banks in Vietnam now is that profit margins are getting thinner, said CEO of Asia Commercial Bank (ACB) Tu Tien Phat.

Banking & Finance - Tue, October 21, 2025 | 4:00 pm GMT+7

PV Gas - 35 years of innovation and technological leadership in Vietnam’s gas industry

PV Gas - 35 years of innovation and technological leadership in Vietnam’s gas industry

Over the past 35 years of establishment and development (1990-2025), PV Gas, a subsidiary of state-owned giant Petrovietnam, has affirmed its pioneering position in Vietnam’s gas industry, marked by a series of groundbreaking achievements in science and technology.

Companies - Tue, October 21, 2025 | 3:45 pm GMT+7

Vietnam's consumer finance major F88 achieves 90% of year's profit target after 9 months

Vietnam's consumer finance major F88 achieves 90% of year's profit target after 9 months

F88 Investment JSC (F88), a leading consumer finance company in Vietnam, reported a cumulative pre-tax profit of VND603 billion ($22.88 million) in the first nine months of 2025, a 2.5-fold increase year-on-year, reaching 90% of its full-year target of VND673 billion.

Companies - Tue, October 21, 2025 | 3:15 pm GMT+7

Vietnam corporate earnings to be driven by credit expansion, trading activity, property recovery

Vietnam corporate earnings to be driven by credit expansion, trading activity, property recovery

With Q3 earnings season underway, results are expected to come in broadly in line with expectations. Financials should remain the largest contributors, benefiting from credit expansion and trading activity, while real estate continues to recover as project launches and sales rates improve, writes Tung Dang, associate director at Dragon Capital.

Economy - Tue, October 21, 2025 | 2:33 pm GMT+7

Inland port opens in southern Vietnam province Tay Ninh, set to become border logistics hub

Inland port opens in southern Vietnam province Tay Ninh, set to become border logistics hub

The 16.5-hectare Tan Cang-Moc Bai inland port in Tay Ninh province, southern Vietnam has been opened, offering logistics services and handling customs clearance for imports and exports.

Infrastructure - Tue, October 21, 2025 | 12:03 pm GMT+7

State-managed property trading centers will help curb speculation, price manipulation: expert

State-managed property trading centers will help curb speculation, price manipulation: expert

Establishment of state-managed real estate trading centers is expected to create a transparent transaction channel, helping control and limit speculation and price manipulation in the Vietnamese market.

Real Estate - Tue, October 21, 2025 | 8:37 am GMT+7

Vietnam's benchmark VN-Index records sharpest drop in 25-year history

Vietnam's benchmark VN-Index records sharpest drop in 25-year history

VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), saw the sharpest decline in its 25-year history on Monday, down by 94.76 points, or 5.47%, to 1,636.43.

Finance - Mon, October 20, 2025 | 5:49 pm GMT+7

Construction contractor Coteccons sets record FY2026 targets, capital base hike via share issue

Construction contractor Coteccons sets record FY2026 targets, capital base hike via share issue

Coteccons Construction JSC (HoSE: CTD), one of Vietnam’s largest construction contractors, has set ambitious targets for its fiscal year 2026, driven by a record order backlog and its push into international markets.

Companies - Mon, October 20, 2025 | 4:50 pm GMT+7

Real estate, gold markets to be fully established by 2026: Prime Minister

Real estate, gold markets to be fully established by 2026: Prime Minister

Vietnam plans to complete comprehensive legal framework for its financial, real estate, and gold markets by 2026 as part of a broader effort to modernize market infrastructure and accelerate economic growth, said Prime Minister Pham Minh Chinh.

Finance - Mon, October 20, 2025 | 3:33 pm GMT+7

Vietnam breaks ground on nation’s most advanced domed stadium in Hung Yen province

Vietnam breaks ground on nation’s most advanced domed stadium in Hung Yen province

Vietnam’s Ministry of Public Security has broken ground on a 60,000-seat domed stadium in the northern province of Hung Yen, set to become the country’s most technologically advanced sports venue.

Society - Mon, October 20, 2025 | 2:48 pm GMT+7

Workforce and logistics - keys to sustainable e-commerce growth in Vietnam: experts

Workforce and logistics - keys to sustainable e-commerce growth in Vietnam: experts

Businesses and online shop owners in Vietnam should pay greater attention to human resources and logistics, considering these factors “keys” to competitive advantage in the increasingly volatile e-commerce market, according to experts.

Economy - Mon, October 20, 2025 | 10:54 am GMT+7