Effective cooperation between Ho Chi Minh City and the UAE – Promote the bilateral cooperation between Vietnam – UAE

Information from the Embassy of the UAE in Vietnam, the 5th session of the Intergovernmental Cooperation Committee (UBLCP) Vietnam – UAE and the Vietnam – UAE Business Forum will take place in the second half of 2021.

At this meeting, the two sides will review the implementation of the agreed contents in the Minutes of the 4th Session of the CPVP held in April 2019 in Abu Dhabi as well as discuss the contents to promote furthermore, the friendly relationship and multifaceted cooperation between the two countries in the fields of diplomacy, trade, industry, energy, agriculture, investment, finance, labor, culture, tourism, especially cooperation in the oil and gas sector.

Vice Chairman of Ho Chi Minh City People’s Committee Vo Van Hoan talks with the UAE Deputy Minister of Economy and the UAE Ambassador in Vietnam. Photo: VNA

Regarding specific cooperation measures in the coming time, the two sides are expected to discuss the opening of the UAE Consulate General and the UAE’s local representative offices in Ho Chi Minh City and other major cities. ; further facilitating Halal certification for Vietnam’s seafood products exported to the UAE; Encourage enterprises to attend fairs and exhibitions in each country; mobilize UAE development investment funds to pay attention to transport infrastructure projects in difficult areas of Vietnam …

In recent years, to promote bilateral cooperation in the economic, trade and investment fields between the two countries, many business forums and trade promotion events have been held in many localities of the two countries. Most recently, the Vietnam – UAE Trade and Investment Forum was held in Ho Chi Minh City, with the participation of leaders of the city and more than 200 businesses directly meeting, discussing and conducting. trade, seek opportunities to cooperate with UAE partners in many fields such as trade, industry (renewable energy and oil and gas sectors), banking, logistics, infrastructure …

The UAE side appreciated the city. Ho Chi Minh is the economic, cultural, educational, scientific and technological center in the southern key economic region of Vietnam. This area also has a convenient location in terms of air, rail, road, seaport … convenient for economic development and trade cooperation.

According to Mr. Vo Van Hoan- Vice Chairman of Ho Chi Minh City People’s Committee, the UAE is the center of maritime and aviation in the world and the leading economy in the Arab world. Leaders of Ho Chi Minh City visited and worked in the UAE and realized that the two sides have a lot of potential for cooperation and development. The city wishes to approach and develop cooperative relationships with localities in the UAE, especially in economic cooperation. Currently, many UAE investors have invested in Ho Chi Minh City.

Due to its favorable geographic location for the transshipment of goods to countries in Europe, Africa and the Middle East, the UAE is currently the third largest re-export hub in the world, and a powerful market. buy large and have high solvency, have a large import demand for textile products, construction materials, handicrafts, agricultural and aquatic products, processed foods …

The Vietnam – UAE Trade Investment Promotion Forum took place in Hanoi in October 2019. Photo: VNA

Not only entering the UAE market, Vietnamese goods are also re-exported by UAE traders to neighboring countries and regions. According to UAE statistics, Vietnam’s exports to the UAE amount to nearly $ 10 billion, of which more than $ 4 billion of goods imported from Vietnam are for re-export.

The UAE is also one of the major investors in the world in industry, renewable energy, oil and gas, real estate, infrastructure, aviation, shipbuilding, logistics …

The statistics of the UAE show that the annual United Arab Emirates – Vietnam bilateral trade turnover has always remained at a high level (in 2017 it was 10.3 billion USD; 2018 it was 8.19 billion USD; 2019 8.16 billion US dollars). Notably, Vietnam often exports surplus to the UAE every year, making the UAE continue to become Vietnam’s largest export market in the Middle East Africa region, and one of the top export markets of Vietnam. South in the world (the trade surplus in 2017 was 9.4 billion USD; 2018 was 7.3 billion USD; 2019 was 6.9 billion USD).

Le Kim Lien


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