Vietnam and UAE Discuss Strengthening Cooperation Between the Two Countries

May 8, 2023

Vietnam and UAE Discuss Strengthening Cooperation Between the Two Countries.

Vietnamese Ambassador to the United Arab Emirates, Nguyen Manh Tuan, expressed his confidence that the cooperation between Vietnam and the UAE will enter a new stage of development, becoming more practical and effective across all areas.

Tuan made this statement in a recent interview with the Vietnam News Agency, in anticipation of Vice President Vo Thi Anh Xuan’s visit to the 2023 Global Summit of Women and a series of bilateral activities in the UAE, as well as an official visit to Qatar from May 3-8.

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Over the past three decades, the bilateral friendship and cooperation between Vietnam and the UAE have flourished in various fields, including politics, diplomacy, trade, investment, labor, and tourism.

Political trust and mutual understanding have been continually strengthened.

Meanwhile, economic partnership has always been an essential pillar and a bright spot of the countries’ cooperation.

The UAE is Vietnam’s largest trading partner in the Middle Eastern and North African regions, while Vietnam ranks first among its ASEAN partners.

Currently, the UAE is the seventh biggest importer of Vietnamese goods.

In the interview, Tuan highlighted the substantial potential for trade and investment partnerships, especially after the launch of negotiations on the CEPA, which will serve as a legal framework for stepping up bilateral trade and investment.

Energy cooperation is also a potential field as the UAE is strong at new energy, renewable energy, and oil and gas exploration and exploitation.

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Besides, collaboration in agriculture is also a priority because Vietnam has strength in this regard and can help the UAE guarantee food security.

The diplomat also underlined the cooperation potential in terms of infrastructure and logistics, which match the UAE’s strength and Vietnam’s demand, as well as the tourism sector in which the two sides have complementary advantages.

Talking about opportunities and challenges for Vietnamese exports, Tuan said that earlier this year, the UAE President announced five priorities of this country, including expanding international economic partnerships, which will open up many chances for Vietnamese goods to enter this market.

Source: Vietnam Times

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