Home » Business » Vietnam and the United Arab Emirates boost economic cooperation

Vietnam and the United Arab Emirates boost economic cooperation

Prime Minister of Vietnam Pham Minh Chinh hosted a reception for representatives of several leading corporations in the United Arab Emirates (UAE) operating in the areas of infrastructure, seaport, logistics and industrial park, as part of his ongoing visit here .

Vietnam’s Prime Minister Pham Minh Chinh receives representatives from several leading corporations in the United Arab Emirates. (Photo: VNA)

Abu Dhabi (VNA) – Prime Minister of Vietnam Pham Minh Chinh hosted a reception for representatives of several leading corporations in the United Arab Emirates (UAE) operating in the areas of infrastructure, seaport, logistics and industrial park, such as part of your current visit here.

This is the president of the Prime Group, Tamer Wagih Salem; the CEO and CEO of Abu Dhabi Ports Group; Mohamed Juma Al Shamisi, the CEO of the company NMDC Energy, Niels De Bruijn; and the CEO of the Emirates Driving company, Khaled Al Shemeili.

The hosts highlighted that Vietnam has enormous potential in the development of its industries and expressed hope that the Vietnamese government will create favorable conditions for UAE companies to make investments in the Indo-Chinese country, including cooperation projects with the private conglomerate Vingroup. .

Minh Chinh praised the strong trade performance of UAE companies, highlighting that although relations between the two countries have prospered in various sectors, investment cooperation activities have not yet reached potential and there is great room for development in the future.

Vietnam, which has a coastline of three thousand kilometers, has published a master plan for the development of seaports in the period 2021-2030 with a vision towards 2050, with the aim of forming a modern and synchronous port system with high-quality services that meet the requirements of socio-economic development, Minh Chinh explained, adding that ports such as Lach Huyen, Lien Chieu, Thi Vai – Cai Mep and Can Gio will not only serve the Vietnamese economy, the twentieth largest in the world in trade volume, but which will also become a transshipment center for the Southeast Asian region and the world.

He suggested that Abu Dhabi Ports Group and NDMC, with their experience in port management, support the Vietnamese government and businesses in achieving the above-mentioned objectives.

He welcomed these groups’ cooperation plans with Vingroup, describing them as a smart choice and strategic vision, and expressed his hope that this partnership will continue to grow, further promoting economic ties between the two countries in the near future.

He also urged Vingroup automaker Vinfast and Emirates Driving to boost their collaboration to promote green growth and sustainable development in Vietnam, with the aim of meeting the country’s net zero emissions commitment by 2050, made at the 26th Conference of the United Nations on Climate Change (COP26).

He expressed the hope that their cooperation plan to establish an electric vehicle manufacturing plant would materialize soon.

He called on Prime Group to take advantage of its extensive network of partners to attract investors who are reputable and capable of exploring investment opportunities to Vietnam.

He noted that Vietnam is focusing on development based on science, technology, innovation, digital transformation, green transition, circular economy, knowledge economy and collaborative economy, especially in emerging fields such as semiconductor chips, cloud computing and the Internet of Things (IoT). He said he hopes host companies will promote collaboration and investment in these areas.

Vietnam is promoting the deployment of oil and gas projects, and the development of offshore wind and solar energy, Chinh said, advocating investment cooperation from Emirati companies as this is an area of ​​its strength.

Regarding Vietnam’s development goals ahead of the 100th anniversary of the founding of the Communist Party of Vietnam and the 100th anniversary of the founding of the country, Minh Chinh said that Vietnam will continue to pursue tasks and solutions to usher in a new era. development, including improving the investment environment, establishing investment funds, developing infrastructure and promoting smart governance.

He affirmed that the country will create all possible favorable conditions for UAE investors to conduct effective and sustainable business in Vietnam, contributing to the prosperity of both nations, the two regions and the world at large./.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.