UAE Minister of Economy Abdulla bin Touq Al Marri is preparing to lead a conference focused on attracting Middle Eastern investment to Vietnam. Supported by Prime Minister Pham Minh Chinh and other Vietnamese officials, this initiative aims to strengthen economic collaboration in areas like logistics, infrastructure, and technology.
Vietnam’s growing appeal, with its young workforce and competitive production costs, aligns with UAE investors’ increasing interest in Southeast Asia. Currently, UAE investment in Vietnam is limited, with about 42 projects totaling $74 million. The conference intends to change this by spotlighting Vietnam as a high-potential market for diverse Middle Eastern investors.
Bilateral trade between the UAE and Vietnam remains strong, with non-oil trade showing significant value. However, the conference aims to broaden this relationship by adding deeper investment connections that could include sectors ranging from renewable energy to advanced manufacturing. This collaboration is part of a larger UAE strategy to strengthen economic ties across Asia.
By showcasing these opportunities, the UAE hopes to deepen its ties with Vietnam, paving the way for a mutually beneficial economic partnership.
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