Media ININ Economy We Trust
Hanoi 16-10-2019
His Excellency Engineer Sultan bin Saeed Al Mansouri, Minister of Economy, affirmed that the good and growing relations between the United Arab Emirates and the Socialist Republic of Vietnam pave the way for moving the two countries’ cooperation in the economic fields to higher levels at a fast and sustainable pace.
His Excellency pointed out that Vietnam is a strategic partner of the UAE and a vital trade destination in the Southeast Asian region.It is the largest trade partner of the state in the ASEAN Group with a non-oil intra-trade that totaled more than $ 8.2 billion in 2018.
This came during a meeting with Vietnamese Deputy Prime Minister, Terna Dhong Zong, in the presence of His Excellency Obaid Saeed Al Dhaheri, UAE Ambassador to Vietnam; Abdullah bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Economic Affairs; The UAE delegation visited Vietnam and organized the UAE-Vietnam Trade and Investment Week in Hanoi and Ho Chi Minh City in the south of the country.
HE Al Mansouri added during the meeting: We look forward to enhancing joint work with Vietnam to increase trade exchange and expand the current UAE investments by moving to new sectors, especially those that support the knowledge economy and areas related to innovation as well as food security, in addition to developing a business model for partnership. In the field of petrochemicals and the development of cooperation in the tourism and travel sector, where the UAE is an active tourism market, and thanks to its world-leading aviation sector, it can be a hub to promote tourism exchange between Vietnam and many global tourism markets.
For his part, the Vietnamese Deputy Prime Minister said that the relations between the two countries are growing in many fields, stressing the importance of common denominators in the economic agenda of the two countries to support cooperation efforts .. He praised the development process and achievements witnessed by the UAE, pointing out that it represents a vital trade center He expressed his country’s interest in attracting more Emirati investments to Vietnam, as well as encouraging Vietnamese investments and business activities in the UAE.
He added that despite our excellent cooperation, I believe that we are still at the beginning, and we have great opportunities and prospects for partnership during the next phase, and we are keen to benefit from the pioneering experience and development achievements achieved by the UAE in many economic fields, and this makes it an important destination To expand our business and investment activities to the markets of the region, we look forward to moving our trade and investment partnership to more momentum levels and working closely with the UAE government to encourage mutual investments.
His Excellency stressed his country’s keenness to participate in Expo Dubai 2020, pointing out the importance of displaying Vietnam’s products and opportunities and informing the world of its economic capabilities, as well as its culture and heritage, as well as a platform to find business partners from around the world.
The Vietnamese Deputy Prime Minister reviewed a wide range of specific sectors and activities which he pointed out that his country’s government is interested in developing, and that it opens prospects for cooperation and exchange of experiences and building investment partnerships with the UAE, including the services sector, smart cities, technology, and comprehensive infrastructure systems Transport, road and airport networks, ports, urban development, telecommunications infrastructure, infrastructure and tourism.
In another bilateral meeting, HE Sultan bin Saeed Al Mansouri and Vietnamese Minister of Trade and Industry Tran Tuan Anh discussed at the Ministry of Commerce and Industry in Hanoi the establishment of a mechanism to increase the current trade exchange between the two countries and expand cooperation frameworks to include in addition to trade and investment logistics activities, infrastructure and technology. Cultural aspects, international relations and others.
The two sides agreed to form a specialized team from both sides to discuss ways to achieve these goals, focusing in the first phase on five key sectors to be determined through coordination and dialogue between the officials and experts concerned in the two countries, on the basis of which to develop a roadmap for targeted partnerships over the years. The next five.
