Making news PM’s UAE visit hoped to help boost collaboration in potential fields 28/10/2024 PM’s UAE visit hoped to help boost collaboration in potential fields Prime Minister Pham Minh Chinh meets with UAE President Mohammed bin Zayed Al Nahyan during his visit to attend the ASEAN - Gulf Cooperation Council (GCC) Summit in Saudi Arabia on October 20, 2023. (Photo: VNA) Prime Minister Pham Minh Chinh's official visit to the United Arab Emirates (UAE), starting October 27, is expected to contribute to strengthening political trust, elevating relations, and creating breakthroughs in bilateral ties in numerous fields in the coming time.The official visit, made at the invitation of President Mohamed bin Zayed Al Nahyan, and the first of its kind of a Prime Minister of Vietnam over the past 15 years, is taking place in the context that the bilateral relations are developing well across all fields.Political-diplomatic relations strengthened continuouslySince the two countries set up their diplomatic ties on August 1, 1993, their friendship and cooperation have developed positively in numerous spheres, from politics, diplomacy, trade, and investment to labour and tourism.Political trust and mutual understanding have been consistently consolidated, reflected through vibrant delegation exchanges at different levels, such as the working visits to the UAE by Minister of Industry and Trade Nguyen Hong Dien in April 2023 and Vice President Vo Thi Anh Xuan in May 2023, UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan’s official visit to Vietnam in June 2023, PM Chinh’s attendance at the 28th United Nations Climate Change Conference (COP28), and bilateral activities in the Middle East country last December, and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi’s Vietnam visit in August 2024.These trips have contributed to deepening bilateral relations and opening up new opportunities for bilateral collaboration in many fields in the coming time.In his reception for the UAE Minister of State for Foreign Trade and leaders of 19 UAE groups on August 26, PM Chinh affirmed that Vietnam values its multifaceted friendship and cooperation with the UAE, one of its leading economic partners in the Middle East.He noted that Vietnam is ready to serve as a bridge for the UAE to strengthen cooperation with the Association of Southeast Asian Nations (ASEAN), while considering the UAE a gateway to foster its collaboration with the Middle East.The leader also called for the early conclusion of negotiations on the Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA), and suggested facilitating cooperation and investment between businesses of both countries, considering the possibility of reducing tariffs on certain goods to leverage complementary strengths of their economies, aiming for a two-way trade target of 10 billion USD.For his part, Thani bin Ahmed Al Zeyoudi stated that the UAE wishes to strengthen collaboration with Vietnamese firms to produce and process Halal food.He added that his country plans to establish a council of business cooperation with Vietnam to deepen the Vietnam-UAE cooperation, particularly in trade and investment.Economy-trade - important pillar of cooperationEconomic collaboration has always been an important pillar and a bright spot in the overall picture of the Vietnam-UAE relations. The UAE is currently Vietnam's largest export market in the Middle East and Africa, with two-way trade reaching 4.96 billion USD in the first nine months of this year, higher than the 4.7 billion USD recorded in the whole year of 2023.As of September 2024, the UAE had 42 projects valued at 74.09 million USD in Vietnam, ranking 52nd among 148 countries and territories investing in the Southeast Asian nation.
Making news PM’s UAE visit hoped to help boost collaboration in potential fields 28/10/2024 PM’s UAE visit hoped to help boost collaboration in potential fields Prime Minister Pham Minh Chinh meets with UAE President Mohammed bin Zayed Al Nahyan during his visit to attend the ASEAN - Gulf Cooperation Council (GCC) Summit in Saudi Arabia on October 20, 2023. (Photo: VNA) Prime Minister Pham Minh Chinh's official visit to the United Arab Emirates (UAE), starting October 27, is expected to contribute to strengthening political trust, elevating relations, and creating breakthroughs in bilateral ties in numerous fields in the coming time.The official visit, made at the invitation of President Mohamed bin Zayed Al Nahyan, and the first of its kind of a Prime Minister of Vietnam over the past 15 years, is taking place in the context that the bilateral relations are developing well across all fields.Political-diplomatic relations strengthened continuouslySince the two countries set up their diplomatic ties on August 1, 1993, their friendship and cooperation have developed positively in numerous spheres, from politics, diplomacy, trade, and investment to labour and tourism.Political trust and mutual understanding have been consistently consolidated, reflected through vibrant delegation exchanges at different levels, such as the working visits to the UAE by Minister of Industry and Trade Nguyen Hong Dien in April 2023 and Vice President Vo Thi Anh Xuan in May 2023, UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan’s official visit to Vietnam in June 2023, PM Chinh’s attendance at the 28th United Nations Climate Change Conference (COP28), and bilateral activities in the Middle East country last December, and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi’s Vietnam visit in August 2024.These trips have contributed to deepening bilateral relations and opening up new opportunities for bilateral collaboration in many fields in the coming time.In his reception for the UAE Minister of State for Foreign Trade and leaders of 19 UAE groups on August 26, PM Chinh affirmed that Vietnam values its multifaceted friendship and cooperation with the UAE, one of its leading economic partners in the Middle East.He noted that Vietnam is ready to serve as a bridge for the UAE to strengthen cooperation with the Association of Southeast Asian Nations (ASEAN), while considering the UAE a gateway to foster its collaboration with the Middle East.The leader also called for the early conclusion of negotiations on the Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA), and suggested facilitating cooperation and investment between businesses of both countries, considering the possibility of reducing tariffs on certain goods to leverage complementary strengths of their economies, aiming for a two-way trade target of 10 billion USD.For his part, Thani bin Ahmed Al Zeyoudi stated that the UAE wishes to strengthen collaboration with Vietnamese firms to produce and process Halal food.He added that his country plans to establish a council of business cooperation with Vietnam to deepen the Vietnam-UAE cooperation, particularly in trade and investment.Economy-trade - important pillar of cooperationEconomic collaboration has always been an important pillar and a bright spot in the overall picture of the Vietnam-UAE relations. The UAE is currently Vietnam's largest export market in the Middle East and Africa, with two-way trade reaching 4.96 billion USD in the first nine months of this year, higher than the 4.7 billion USD recorded in the whole year of 2023.As of September 2024, the UAE had 42 projects valued at 74.09 million USD in Vietnam, ranking 52nd among 148 countries and territories investing in the Southeast Asian nation.
PM’s UAE visit hoped to help boost collaboration in potential fields Prime Minister Pham Minh Chinh meets with UAE President Mohammed bin Zayed Al Nahyan during his visit to attend the ASEAN - Gulf Cooperation Council (GCC) Summit in Saudi Arabia on October 20, 2023. (Photo: VNA) Prime Minister Pham Minh Chinh's official visit to the United Arab Emirates (UAE), starting October 27, is expected to contribute to strengthening political trust, elevating relations, and creating breakthroughs in bilateral ties in numerous fields in the coming time.The official visit, made at the invitation of President Mohamed bin Zayed Al Nahyan, and the first of its kind of a Prime Minister of Vietnam over the past 15 years, is taking place in the context that the bilateral relations are developing well across all fields.Political-diplomatic relations strengthened continuouslySince the two countries set up their diplomatic ties on August 1, 1993, their friendship and cooperation have developed positively in numerous spheres, from politics, diplomacy, trade, and investment to labour and tourism.Political trust and mutual understanding have been consistently consolidated, reflected through vibrant delegation exchanges at different levels, such as the working visits to the UAE by Minister of Industry and Trade Nguyen Hong Dien in April 2023 and Vice President Vo Thi Anh Xuan in May 2023, UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan’s official visit to Vietnam in June 2023, PM Chinh’s attendance at the 28th United Nations Climate Change Conference (COP28), and bilateral activities in the Middle East country last December, and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi’s Vietnam visit in August 2024.These trips have contributed to deepening bilateral relations and opening up new opportunities for bilateral collaboration in many fields in the coming time.In his reception for the UAE Minister of State for Foreign Trade and leaders of 19 UAE groups on August 26, PM Chinh affirmed that Vietnam values its multifaceted friendship and cooperation with the UAE, one of its leading economic partners in the Middle East.He noted that Vietnam is ready to serve as a bridge for the UAE to strengthen cooperation with the Association of Southeast Asian Nations (ASEAN), while considering the UAE a gateway to foster its collaboration with the Middle East.The leader also called for the early conclusion of negotiations on the Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA), and suggested facilitating cooperation and investment between businesses of both countries, considering the possibility of reducing tariffs on certain goods to leverage complementary strengths of their economies, aiming for a two-way trade target of 10 billion USD.For his part, Thani bin Ahmed Al Zeyoudi stated that the UAE wishes to strengthen collaboration with Vietnamese firms to produce and process Halal food.He added that his country plans to establish a council of business cooperation with Vietnam to deepen the Vietnam-UAE cooperation, particularly in trade and investment.Economy-trade - important pillar of cooperationEconomic collaboration has always been an important pillar and a bright spot in the overall picture of the Vietnam-UAE relations. The UAE is currently Vietnam's largest export market in the Middle East and Africa, with two-way trade reaching 4.96 billion USD in the first nine months of this year, higher than the 4.7 billion USD recorded in the whole year of 2023.As of September 2024, the UAE had 42 projects valued at 74.09 million USD in Vietnam, ranking 52nd among 148 countries and territories investing in the Southeast Asian nation.