UAE to focus on partnering with Vietnam in trade and economy: Amb.
UAE is one of Vietnam’s top partners in investment, trade and labor export in the Middle East.
The United Arab Emirates (UAE) seeks cooperation with Vietnam in trade and economy as it considers the Southeast Asian country a major partner, according to Obaid Saeed Bintaresh Al Dhaheri, UAE’s ambassador to Vietnam.
Vietnam's Deputy Prime Minister Pham Binh Minh (r) and Obaid Saeed Bintaresh Al Dhaheri, UAE’s ambassador to Vietnam (l). Source: VGP.
|
At the meeting, Deputy PM Minh said UAE is one of Vietnam’s top partners in investment, trade and labor export in the Middle East.
In 2014, bilateral trade turnover reached US$5.2 billion, of which Vietnam’s exports amounted to US$4.6 billion. One year later, the two countries’ trade turnover climbed 24% year-on-year to US$6.3 billion, while the figures in 2016 and 2017 were US$6.5 billion and US$6.3 billion, respectively.
UAE has become Vietnam’s seventh largest export market after the US, China, Hong Kong (China), Japan, South Korea and Germany.
Vietnam exports to UAE mainly mobile phones, computers and parts, electronic products, seafood, footwear, textile & garment, cashew, rice, tropical fruits, among others.
Meanwhile, UAE is one of Vietnam’s major investors with large scale projects such as Hiep Phuoc port, Ha Long Star hotel and tourism projects in Da Nang with registered capital of US$4 billion.
Minh requested the ambassador to facilitate UAE’s investment capital to Vietnam, especially in infrastructure development and tourism, at the same time promoting the investment potential of Vietnam.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
10:57, 2025/01/30
Foreign companies confirm investment expansion in Vietnam in 2025
Some foreign firms are optimistic about Vietnam's economic prospects in 2025 and plan to expand investment, focusing on sustainability across sectors.
- PM invites Skoda to manufacture electric vehicles in Vietnam
- US Berggruen Holdings to help Vietnam set up investment funds
- Vietnam releases Esports White Book 2022-2023
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses
- Vietnam calls for more US investment in innovation, hi-tech