Vietnam, UAE elevate relations to comprehensive partnership

By Thai Ha
Mon, October 28, 2024 | 10:16 pm GMT+7

The United Arab Emirates (UAE) has become Vietnam's first comprehensive partner in the Middle East, underscoring the two nations' commitment and high expectations for a strengthened, practical and effective collaboration.

Prime Minister Pham Minh Chinh holds talks with President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan in the UAE, October 28, 2024. Photo courtesy of the Vietnamese government's news portal.

Prime Minister Pham Minh Chinh holds talks with President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan in the UAE, October 28, 2024. Photo courtesy of the Vietnamese government's news portal.

During their talks on Monday, Vietnam's Prime Minister Pham Minh Chinh and the UAE's President Sheikh Mohamed bin Zayed Al Nahyan agreed to lift their bilateral relationship to a comprehensive partnership.

The meeting took place as part of PM Chinh's official visit to the UAE which is expected to mark a new phase of enhanced bilateral cooperation.

The two leaders outlined six priority areas for cooperation, including swiftly establishing action plans under the Comprehensive Partnership framework; advancing collaboration in innovation, green transition, digital transformation and circular economy; and driving breakthroughs in bilateral economic, trade and investment cooperation.

Others are developing the Halal industry and expanding the market for Vietnamese Halal products; strengthening cooperation in labor, culture, tourism, sports and people-to-people exchange; and closely coordinating, consulting and supporting each other on regional and global issues in multilateral forums.

President Sheikh Mohammed bin Zayed Al Nahyan reaffirmed that Vietnam was a key partner of the UAE in Asia and cooperation with the Southeast Asian country was one of the UAE's major interests. He praised Vietnam's proud history and remarkable growth.

Expressing his pleasure at visiting the UAE officially for the first time, PM Chinh commended the UAE’s achievements, which positioned the country as a leading economic, financial and technological hub in the region, a true "miracle in the desert" of the Middle East.

Both leaders expressed delight over the remarkable progress in bilateral relations, which has been marked by three key advancements: strengthened political trust and mutual understanding, increasingly substantive economic cooperation, and more robust support and coordination in multilateral forums.

The UAE President said he was glad to see the increasing number of Vietnamese workers in the UAE and assured that support would be provided to help the Vietnamese community settle in the country.

He endorsed the establishment of a Vietnamese cultural center in the UAE and committed to overseeing specific initiatives, such as supporting a youth football academy in Vietnam and establishing a financial center in Ho Chi Minh City.

Investment from the UAE remains modest in Vietnam. As of September, the UAE, the 28th largest economy in the world, had 42 investment projects worth a combined $74 million in Vietnam, ranking 52nd among 148 countries and territories investing in the country, according to Vietnamese government data.

The UAE is the first leg of PM Chinh’s Middle East tour that includes official visits to the UAE and Qatar, attendance at the eighth edition of the Future Investment Initiative (FII), and a working trip to Saudi Arabia from October 27 to November 1.

Comments (0)
  • Read More
HCMC, Astana International Financial Center promote cooperation to develop Vietnam’s international financial center

HCMC, Astana International Financial Center promote cooperation to develop Vietnam’s international financial center

Vietnam and Kazakhstan are focusing on strengthening cooperation in the financial sector, particularly between Ho Chi Minh City and the Astana International Financial Center (AIFC), located in Kazakhstan's capital.

Finance - Thu, July 17, 2025 | 11:52 pm GMT+7

FTSE Russell praises Vietnam for strong reform efforts

FTSE Russell praises Vietnam for strong reform efforts

Representatives of FTSE Russell, a member of the London Stock Exchange Group, on Thursday said they highly evaluate Vietnam's strong reform efforts and commit to continue accompanying the country in the process of market modernization.

Finance - Thu, July 17, 2025 | 11:40 pm GMT+7

Developer of Southeast Asia’s largest exhibition center has new CEO

Developer of Southeast Asia’s largest exhibition center has new CEO

Tran Mai Hoa, chairwoman of Vincom Retail - the retail arm of Vietnamese private conglomerate Vingroup, has been appointed as new CEO of Vietnam Exhibition Fair Center JSC (VEFAC).

Companies - Thu, July 17, 2025 | 9:35 pm GMT+7

Vietnam’s offshore oil field produces first commercial oil ahead of schedule

Vietnam’s offshore oil field produces first commercial oil ahead of schedule

The Kinh Ngu Trang-Kinh Ngu Trang Nam (White Whale-White Whale South or KNT-KTN) oil field, located in Block 09-2/09 off Vietnam's southern coast, welcomed its first oil flow on Monday, one day ahead of schedule.

Economy - Thu, July 17, 2025 | 4:03 pm GMT+7

Leading developer Becamex vows to develop eco-industrial parks in Vietnam

Leading developer Becamex vows to develop eco-industrial parks in Vietnam

Becamex IDC Corp, a leading urban and industrial park developer based in Ho Chi Minh City, is committed to integrating international sustainability standards into the practical operations of its industrial parks in Vietnam, said CEO Nguyen Hoan Vu.

Industrial real estate - Thu, July 17, 2025 | 3:49 pm GMT+7

Northern Vietnam province to address traffic problem for Foxconn’s plant

Northern Vietnam province to address traffic problem for Foxconn’s plant

Authorities in Vietnam’s northern province of Bac Ninh are working to resolve traffic congestion around the Quang Chau Industrial Park in response to concerns raised by Foxconn, a Taiwanese electronics giant and key supplier to Apple.

Companies - Thu, July 17, 2025 | 3:33 pm GMT+7

China firm plans wind power blade manufacturing project in central Vietnam

China firm plans wind power blade manufacturing project in central Vietnam

China's Zhuzhou Times New Material Technology Co., Ltd is proposing a wind power blade manufacturing project in the south-central coastal province of Khanh Hoa.

Energy - Thu, July 17, 2025 | 3:20 pm GMT+7

Investor awareness key to Vietnam’s stock market status upgrade: regulator

Investor awareness key to Vietnam’s stock market status upgrade: regulator

The Investor introduces the speech by Vu Thi Chan Phuong, chairwoman of the State Securities Commission (SSC), at the seminar "Raising investor awareness towards stock market status upgrade" in Hanoi on Thursday.

Finance - Thu, July 17, 2025 | 11:58 am GMT+7

S Korean firm apologizes for employee's assault in Hanoi

S Korean firm apologizes for employee's assault in Hanoi

South Korea's Segyung Hi-Tech, with a subsidiary in the northern Vietnam province of Bac Ninh, on Wednesday issued a formal apology for its employee making an assault on two Vietnamese women in Hanoi.

Companies - Thu, July 17, 2025 | 10:23 am GMT+7

Vietnam’ steel giant Hoa Phat reports 30% profit surge in Q2

Vietnam’ steel giant Hoa Phat reports 30% profit surge in Q2

Vietnam’s largest steelmaker, Hoa Phat Group, posted after-tax profit of VND4.3 trillion ($164.4 million) in Q2/2025, up nearly 30% compared to both Q2/2024 and Q1/2025.

Companies - Thu, July 17, 2025 | 9:43 am GMT+7

Vietnam's fund management industry has chance to make breakthrough development: exec

Vietnam's fund management industry has chance to make breakthrough development: exec

Tax incentive policies will help people have confidence in investment funds and create a habit of long-term and disciplined investment, writes Nguyen Hang Nga, general director of Vietcombank Fund Management Company Limited (VCBF), a joint venture between state-controlled Vietcombank and Franklin Templeton Investments (FTI).

Consulting - Thu, July 17, 2025 | 8:52 am GMT+7

The Investor's seminar 'Raising investor awareness towards stock market status upgrade' is taking place

The Investor's seminar 'Raising investor awareness towards stock market status upgrade' is taking place

The Investor and its Vietnamese-language sister Nhadautu.vn will hold a seminar titled “Raising investor awareness towards stock market status upgrade” in Hanoi on Thursday, July 17.

Finance - Thu, July 17, 2025 | 7:30 am GMT+7

Chinese firms seek to develop smart urban areas in Vietnam

Chinese firms seek to develop smart urban areas in Vietnam

Hong Kong-headquartered CCC Infrastructure Co. and Shenzhen-based Hero Group wish to implement real estate projects in Vietnam, including investments in smart urban areas in the northern province of Bac Ninh and the southern province of Tay Ninh.

Real Estate - Wed, July 16, 2025 | 10:25 pm GMT+7

Construction starts on Hoa Nhon Industrial Park in central Vietnam city Danang

Construction starts on Hoa Nhon Industrial Park in central Vietnam city Danang

Local investor Sai Gon-Da Nang Investment JSC (SDN) has started construction on the Hoa Nhon Industrial Park (IP) which covers 24.75 ha in the central city of Danang.

Companies - Wed, July 16, 2025 | 8:34 pm GMT+7

US starts anti-circumvention probe into aluminum containers imported from Vietnam

US starts anti-circumvention probe into aluminum containers imported from Vietnam

The U.S. Department of Commerce (DOC) has initiated anti-circumvention investigations into disposable aluminum containers, pans, trays, and lids imported from Vietnam and Thailand, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.

Companies - Wed, July 16, 2025 | 8:27 pm GMT+7

Vietnamese billionaire-backed VinSpeed raises capital to $573 mln

Vietnamese billionaire-backed VinSpeed raises capital to $573 mln

VinSpeed High-Speed Rail Investment and Development JSC, where Vietnamese billionaire Pham Nhat Vuong holds a controlling stake, has raised its capital from VND6 trillion to VND15 trillion ($573.5 million).

Infrastructure - Wed, July 16, 2025 | 4:33 pm GMT+7