The Minister of Finance, Dr. Ibrahim bin Abdulaziz Al-Assaf, pointed out that the agreement on avoidance of double taxation and prevention of tax evasion signed with Vietnam on Saturday evening is considered as a stable legal framework for tax relations between the two countries. In a statement to the Saudi Press Agency (SPA), he called on businessmen in the two countries to benefit from tax advantages and its reduction ensured by the agreement for the establishment of more joint investment projects. Dr. Al-Assaf noted that the volume of trade exchange between the Kingdom of Saudi Arabia and Vietnam, increased from about SR 92 million in 2000 to more than SR 1, 100 million in 2008.
