400 officials and businessmen attend the UAE-Vietnam Trade and Investment Week

Ho Chi Minh – Vietnam
Ho Chi Minh City, South Vietnam, witnessed the conclusion of the UAE-Vietnam Trade and Investment Week, where it hosted an extensive business forum between the UAE delegation, businessmen, investors and private sector representatives in the city, with more than 250 participants.
The meeting was attended by HE Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade Affairs, Fu Van Hwan, Vice Chairman of Ho Chi Minh City People’s Committee, HE Obaid Saeed Al Dhaheri, UAE Ambassador to Vietnam, and HE Jamal Al Jarwan, Secretary General of the UAE Council for Investors Abroad. Mohammed Nasser Hamdan Al Zaabi, Director of Trade Promotion Department at the Ministry of Economy, and representatives of government agencies, investment companies and private sector institutions from the State delegation.
On the sidelines of the forum, HE Abdullah Al Saleh and Fu Van Hwan discussed, during a bilateral meeting in the presence of HE Obaid Saeed Al Dhaheri, ways of cooperation between the governments of the two countries to facilitate investments and acquaint the business community in the two countries with the available opportunities, mechanisms and procedures required to conduct various economic activities and establish effective channels. The understanding of the market by the private sector, which enhances the orientation of Emirati businessmen to Vietnam as a promising business and investment destination, and in return encourages Vietnamese companies to explore the diverse opportunities offered by the UAE economy. Built a dynamic partnership promotes trade and tourism and cultural exchange channels model.
The Ministry of Economy, which organized the activities of the UAE-Vietnam Trade and Investment Week in cooperation with the UAE Embassy in Vietnam, confirmed that more than 400 officials and business travelers from both countries attended the week’s events in the cities of Hanoi and Ho Chi Minh, and that the two meetings provided a platform for direct meetings between members of the UAE delegation and the community. Vietnamese business, which has resulted in many promising partnerships between the private sector in the two countries, which is expected to be reflected in the growth of import and export activities and the establishment of investment projects and increase tourism exchange between the two countries during the next phase.
The Ministry explained that there is a percentage of trade exchange between the two countries through intermediary countries, and that the week was an opportunity to introduce the mechanisms of trade facilitation and movement of goods directly and effective link between the markets of the two countries directly, which reduces the cost of bilateral trade and contributes to the development of trade returns that will benefit the companies. The two countries and their commercial and economic sectors.
His Excellency Jamal Al Jarwan, Secretary General of the Emirates Council for Investors Abroad, said that the first participation of the Council in an official and commercial visit to Vietnam organized by the Ministry of Economy allowed him to get acquainted with the investment climate in Vietnam and build positive relations with relevant officials of the Vietnamese government. We have also been well acquainted with Vietnam’s future aspirations for economic development. Vietnamese officials have called on UAE investors and businessmen to enter Vietnamese markets in several vital sectors including energy, smart cities, real estate and technology. Loggia.
Al Jarwan added that the Emirates Overseas Investors Council views the Vietnamese market as a promising market and an important investment destination in Southeast Asia, stressing the vitality of UAE investments in the Asian continent, where it is the seventh largest global investor in Asia, accounting for 4% of the total foreign investment He pointed out that Vietnam is an excellent gateway for expanding UAE investments in the ASEAN region.
For his part, Sharif Habib Al Awadhi, Director General of Fujairah Free Zone Authority, praised the importance of these events with the Vietnamese side and the efforts of the Ministry of Economy to enable national governmental and private institutions to attract investments from different countries to the country and to provide access to new markets on an ongoing basis. An important opportunity for the Fujairah Free Zone Authority (FZA) to introduce its diverse trade and investment opportunities and its unique potentials across the region, particularly in the petrochemical, maritime, aviation, mining, manufacturing and tourism sectors.
For his part, Saif Al Mazrouei, Acting Chief Executive Officer of Abu Dhabi Ports Operating Company, affirmed the importance of participating in the official delegation of the UAE in this important week which establishes to strengthen economic relations with Vietnam and opens the horizons of joint cooperation in the fields of trade and investment. Vietnamese side to upgrade economic relations to higher levels.
Al Mazrouei added that Abu Dhabi Ports is looking forward to contribute to the consolidation of these relations in line with the UAE Vision 2021, where the polytechnic at the forum was an opportunity to highlight the strategic importance of Abu Dhabi Ports and its vital facilities such as Khalifa Port and Khalifa Industrial City, and its role in enhancing and diversifying the UAE economy As a major gateway to regional and global trade.
The UAE delegation included Dr. Abdul Rahman Al Naqbi, Director General of Ras Al Khaimah Economic Development Department, Sharif Al Awadhi, Director General of Fujairah Free Zone Authority, Ahmed Al Mutawa, Director of Fujairah Ports operated by Abu Dhabi Ports, Saif Al Mazrouei, CEO of Abu Dhabi Ports Operating Company, and Nadia. Kamali, Executive Director of World Customs in Dubai, Mohammed Nasser Hamdan Al Zaabi, Director of Trade Promotion Department at the Ministry of Economy, Meshal Kanoo, Chairman of Kanoo Group, representatives of government agencies and private sector institutions, most notably Mubadala Development, Essa Al Ghurair Investment and others. A.