UAE-Vietnam Joint Committee Meeting convenes to advance economic cooperation

WAM

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

The talks covered a range of sectors and areas of mutual interest, including trade, investment, digital technology, agriculture, energy, transport, higher education, culture, tourism and labour.

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.

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.

The Joint Committee concluded with the signing of the agreed minutes and a number of agreements between the UAE and Vietnam.

Dr. Thani also 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 $8 billion in non-oil trade in 2022.

More from Business

  • Disney settles suit over women's pay for $43 million

    Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.

  • Etihad Airways adds ten new destinations for 2025

    UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.

  • Trump pledges new tariffs on Canada, Mexico, China

    US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.

  • UAE and Bahrain finalise ICV programmes procedures

    The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.

Coming Up