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UAE and Vietnam look to boost $8bn trade ties

UAE minister visits Vietnam amid ongoing trade discussions

UAE Vietnam
UAE minister visits Vietnam amid ongoing trade discussions

The UAE and Vietnam have held high-level talks as they look to build on last year’s $8bn non-oil trade ties.

The Vietnamese Ministry of Industry and Trade hosted the fifth UAE-Vietnam Joint Committee in Hanoi.

The Committee was co-chaired by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Dr. Nguyen Hong Dien, Vietnam’s Minister of Industry and Trade.

UAE-Vietnam trade

Senior diplomats and government officials from both sides participated in the Joint Committee and the Ministerial meeting, where bilateral talks covered a range of sectors and areas of mutual interest, including:

  • Trade
  • Investment
  • Digital technology
  • Agriculture
  • Energy
  • Transport
  • Higher education
  • Culture
  • Tourism
  • Labour

Bader Abdullah Al Matrooshi Ambassador of the UAE to Vietnam also attended the meeting.

Dr. A Zeyoudi praised the strong relations between the United Arab Emirates and the Socialist Republic of Vietnam, noting that the fifth session of the Joint Committee is a continuation of bilateral efforts to enhance cooperation and strengthen partnerships between the two countries across a wide range of industry sectors.

In turn, Dr. Nguyen Hong Dien highlighted Vietnam’s interest in elevating UAE-Vietnam bilateral relations to broader horizons and enhancing cooperation across various domains in a manner that serves the interests of both nations and their people.

While in Vietnam, Dr. Thani met with Vietnam’s Deputy Prime Minister, Tran Lưu Quang, in which they were able to review bilateral trade relations and discuss sectors of high potential for further growth.

The UAE is Vietnam’s leading trade partner in the Arab World, sharing $8bn in non-oil trade in 2022.

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