The Economy Minister of the United Arab Emirates (UAE) Sultan Bin SaeedAl Mansouri has called on both UAE and Vietnamese businesses to seizethe opportunities offered by the great potential in economic and tradeties between the two countries.
He made the call during thebusiness executive forum in the UAE on December 16, with over 150leading UAE firms and hundreds of Vietnamese partners taking part.
Al Mansouri underscored the positive progress of bilateral economicand trade ties over the past three years, with the UAE becoming one ofthe top trade partners of Vietnam, partly thanks to the launch of adirect flight service.
The minister acknowledged theimprovement of legal foundation for investment in Vietnam, including theissuance of a new investment law. He suggested enhancing bilateralpartnership in the priority fields of farming, food security andprocessing, oil and gas and the development of small and medium-sizedenterprises.
In his keynote speech, Deputy Prime MinisterNguyen Xuan Phuc made it clear that Vietnam is working on threestrategic breakthroughs, including perfecting market economyinstitutions, modernising infrastructure and developing a contingent ofhi-quality workforce.
He noted that two-way trade between thetwo sides soared nearly 25 percent to 5.4 billion USD this year.Travelling has been made easier with 14 direct flights per week linkingAbu Dhabi, Dubai and Ho Chi Minh City.
The Vietnamesegovernment wants to hear specific suggestions made by UAE companies onhow to strengthen bilateral ties and launch joint projects, Phuc said.
Participants shared their views on prospects of trade andinvestment cooperation, especially in fields of each country’s strength.
At the forum, Phuc witnessed the signing of an agreement onflights between the two countries or crossing their territories betweenTransport Minister Dinh La Thang and the UAE Minister of Economy, and anagreement on establishing Vietnam exclusive trade representativeoffices in UAE, the Middle East and Northern Africa between UAE’s Vaultinvestment fund and Vietnam’s Agarvina company.
Also onDecember 16, Phuc had meetings with UAE Foreign Minister Sheikh AbdullahBin Zayed Al Nahyan, Minister of Economy Al Mansouri, Minister ofFinance Obaid Humaid Al Tayer, and Central Bank Governor Sultan BinNasser Al-Suwaidi, during which they reached consensus on specificmeasures to boost bilateral ties.
On the occasion, Minister ofEconomy Al Mansouri handed over the UAE’s diplomatic note recognisingVietnam as a full market economy to the Vietnamese Deputy PM.
Phuc also took time to meet representatives from Nakheel real estate group and Chairman of ACWA Power.
The same day, the Deputy Prime Minister concluded his visit to Qatar and the UAE.-VNA
He made the call during thebusiness executive forum in the UAE on December 16, with over 150leading UAE firms and hundreds of Vietnamese partners taking part.
Al Mansouri underscored the positive progress of bilateral economicand trade ties over the past three years, with the UAE becoming one ofthe top trade partners of Vietnam, partly thanks to the launch of adirect flight service.
The minister acknowledged theimprovement of legal foundation for investment in Vietnam, including theissuance of a new investment law. He suggested enhancing bilateralpartnership in the priority fields of farming, food security andprocessing, oil and gas and the development of small and medium-sizedenterprises.
In his keynote speech, Deputy Prime MinisterNguyen Xuan Phuc made it clear that Vietnam is working on threestrategic breakthroughs, including perfecting market economyinstitutions, modernising infrastructure and developing a contingent ofhi-quality workforce.
He noted that two-way trade between thetwo sides soared nearly 25 percent to 5.4 billion USD this year.Travelling has been made easier with 14 direct flights per week linkingAbu Dhabi, Dubai and Ho Chi Minh City.
The Vietnamesegovernment wants to hear specific suggestions made by UAE companies onhow to strengthen bilateral ties and launch joint projects, Phuc said.
Participants shared their views on prospects of trade andinvestment cooperation, especially in fields of each country’s strength.
At the forum, Phuc witnessed the signing of an agreement onflights between the two countries or crossing their territories betweenTransport Minister Dinh La Thang and the UAE Minister of Economy, and anagreement on establishing Vietnam exclusive trade representativeoffices in UAE, the Middle East and Northern Africa between UAE’s Vaultinvestment fund and Vietnam’s Agarvina company.
Also onDecember 16, Phuc had meetings with UAE Foreign Minister Sheikh AbdullahBin Zayed Al Nahyan, Minister of Economy Al Mansouri, Minister ofFinance Obaid Humaid Al Tayer, and Central Bank Governor Sultan BinNasser Al-Suwaidi, during which they reached consensus on specificmeasures to boost bilateral ties.
On the occasion, Minister ofEconomy Al Mansouri handed over the UAE’s diplomatic note recognisingVietnam as a full market economy to the Vietnamese Deputy PM.
Phuc also took time to meet representatives from Nakheel real estate group and Chairman of ACWA Power.
The same day, the Deputy Prime Minister concluded his visit to Qatar and the UAE.-VNA
