27.1 billion dirhams Dubai’s trade with Vietnam in 2019 – Economy...

The Dubai Chamber of Commerce and Industry, in cooperation with the Vietnamese Ministry of Industry and Trade, organized a virtual forum on strengthening economic and investment relations between the UAE and Vietnam, in the first event of a series of global partnerships launched by the Dubai Chamber to discuss investment opportunities with a number of promising global markets.

“The UAE is the most important trading partner for Vietnam in the Middle East and North Africa region, especially with Dubai’s position as a gateway for the re-export of Vietnamese products and goods,” said Majid Saif Al-Ghurair, Chairman of the Board of Directors, during the forum, indicating that there are wider prospects for exchange. Non-oil trade between Dubai and Vietnam, which reached $ 7.4 billion (27.1 billion dirhams) last year. He added that “a series of global partnerships supports the efforts of the (Dubai Chamber) to explore the economic potential and opportunities in Vietnam and other emerging markets around the world.” In his turn, Director of External Offices at the “Dubai Chamber”, Omar Khan, reviewed the economic scene in the emirate and the competitive advantages it provides to Vietnamese investors wishing to expand in the region’s markets. The Dubai Chamber stated in a statement yesterday that the virtual forum constituted an ideal platform for dialogue between the public and private sectors in the two countries. Speakers at the forum reviewed the available cooperation opportunities, and ways to enhance them in the sectors of renewable energy, trade, investment, logistics and maritime transport, in addition to tourism. Medical and aviation. During his opening speech, the Ambassador of Vietnam to the country, Nguyen Manh Tuan, affirmed his country’s commitment to developing bilateral relations with the UAE, especially with the broad participation of senior public and private sector officials in Vietnam in the virtual forum, pointing to the existence of broad future prospects for joint cooperation. For his part, Deputy Director General of the Asian and African Markets Department at the Vietnamese Ministry of Industry and Trade, Nguyen Bok Nam, said, “Vietnam attaches great importance to strengthening trade relations with Dubai, and that the Vietnamese Ministry of Industry and Trade and the Ministry of Industry in the UAE are coordinating efforts to establish a working group. To strengthen the trade ties between the two countries ».

The UAE is Vietnam’s most prominent trading partner in the Middle East and North Africa region.

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