Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Saudi business delegation visits ZSBVC steel factory in Vietnam

80 Saudi businessmen, representing over 50 Saudi firms and representatives from several national bodies visited ZSBVC plant in Vietnam. (SPA)
  • The visit aims to explore investment opportunities, enhance trade, investment and industrial cooperation between Saudi Arabia and Vietnam.
  • The visiting delegation was briefed on the production lines at Zamil Steel Building Vietnam Co and witnessed the skill of the workers.

HANOI, VIETNAM  – A delegation of 80 Saudi businessmen, representing over 50 companies, and representatives from national specialized bodies and centers visited Zamil Steel Building Vietnam Co. (ZSBVC) here.

The visit aims to explore investment opportunities, enhance trade, investment and industrial cooperation between Saudi Arabia and Vietnam.

During the visit, the delegation was briefed on the production lines at ZSBVC and witnessed the skills of the workers.

Saudi Ambassador to the Socialist Republic of Vietnam Mohammed bin Ismail Dahlawi said that the visit would contribute to strengthening trade and economic cooperation between the two countries.

The CEO of the Strategy and Development Sector at the Saudi Fund for Development (SFD), Dr. Abdullah bin Suleiman Al-Sakran, emphasized the importance of this visit in exploring investment opportunities.

The SFD official said this visit will help in boosting the Kingdom’s foreign trade, especially through the Shareek Program, which aims to strengthen cooperation between the public and private sectors.

This would help enhance domestic investments in companies, thereby bolstering the Kingdom’s economy overall, he said.