His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Overseas Commerce, has attended a bilateral assembly with His Excellency Pham Minh Chin, Prime Minister of Vietnam, throughout a high-level go to to Hanoi. Their excellencies welcomed the start of negotiations in direction of a Complete Financial Partnership Settlement (CEPA), the primary spherical of which passed off on Monday, June 5.
The discussions additionally touched on the World Commerce Organisation’s thirteenth Ministerial Convention of the World (MC13), which is being held in Abu Dhabi in February 2024, and the way Vietnam can help the UAE’s mission to construct consensus on key points similar to WTO reform, dispute decision and the event of world guidelines for digital commerce.
His Excellency Dr Thani heralded the creating relationship between the 2 nations, and the potential deeper ties will assist notice. “Vietnam is the UAE’s main commerce accomplice amongst ASEAN international locations, with bilateral non-oil commerce totalling US$8.7 billion in 2022, which accounts for 27 p.c of commerce with the bloc. The proposed UAE-Vietnam Complete Financial Partnership Settlement will push these figures even larger, and underline the advantages of open, rules-based commerce. We additionally see appreciable alternative for our private-sectors in high-potential areas, notably within the growth of the inexperienced economic system and meals safety.”
Throughout the go to, HE Al Zeyoudi additionally held conferences with His Excellency Nguyễn Hồng Diên, Minister of Business and Commerce, and His Excellency Tran Quoc Khanh, Deputy Minister of Business and Commerce, along with His Excellency Nguyen Chi Dung, Minister of Planning and Funding, to discover methods to facilitate private-sector cooperation and set up funding priorities. HE Al Zeyoudi then met His Excellency Pham Tan Cong, Chairman of the Vietnam Chamber of Commerce and Business (VCCI), to debate how the UAE’s international connectivity can help Vietnam’s exporters and producers.
HE Al Zeyoudi additionally addressed the UAE-Vietnam Enterprise Discussion board and met representatives of main Vietnamese corporations within the meals manufacturing, metals and electrical auto industries. He underscored the UAE’s dynamic, business-friendly ecosystem, and market-entry packages similar to NextGen FDI, that may assist Vietnam’s pioneering companies to develop into new international markets. The delegation of enterprise leaders from the UAE that accompanied His Excellency held various productive conferences with their Vietnamese counterparts to discover potential synergies.
The go to is the newest in a collection of high-level discussions between the 2 nations. In Might, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, obtained Her Excellency Vo Thi Anh Xuanto, Vietnam’s Vice President, the place they agreed to pursue areas of mutual curiosity, notably in sectors similar to renewable vitality, meals safety, the inexperienced economic system.
Along with HE Dr Thani, the UAE delegation included HE Dr Bader Abdulla Al Matrooshi, UAE Ambassador to Vietnam; HE Rashed Abdulkarim AlBlooshi, Undersecretary of the Abu Dhabi Division of Financial Improvement (ADDED); HE Juma Mohammed Al Kait, Assistant Undersecretary of Worldwide Commerce Affairs on the Ministry of Economic system; HE Jamal Saif Al Jarwan, Secretary Normal of UAE Worldwide Buyers Council; Mohamed Al Menhali, Regional CEO at Abu Dhabi Port Group and Government Vice President of Sardal; Samir Chaturvedi, Chief Worldwide Enterprise Officer at Abu Dhabi Ports Group; Fatima Al-Suwaidi, Head of the Masdar Workplace in Indonesia; Fahed Hamad Al Nuaimi, Director of the AGT Asia Workplace at ADNOC International Buying and selling Asia; Hamad Al Hosani, Chief Company Officer of Burjeel Holding; Saeed Al Suwaidi, Director of Meals Commodities on the Dubai Multi Commodities Middle (DMCC); Muhammad Khamis Khalfan Nasser Al Dhaheri, Senior Agricultural Engineer at Ayelet Agro; Rashed Al Balooshi, Senior Vice-Preident of Operated Property, South-East Asia, for Mubadala Power; and Zhu Yiteng, Challenge Enterprise Improvement for AMEA Energy.
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