Sharjah 24 – WAM: Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, has held talks with Pham Minh Chinh, Prime Minister of Vietnam, during a visit to Hanoi for a series of meetings with representatives from the public and private sectors to explore opportunities for stronger bilateral trade and investment ties.
The talks focused on deepening cooperation in sectors considered crucial to both nation’s economic growth and diversification agendas, which include renewable energy, logistics, manufacturing, technology and agriculture.
Dr Thani Al Zeyoudi, who was accompanied by Dr Bader Abdulla Saeed bin Saeed AlMatrooshi, UAE Ambassador to Vietnam, also met Nguyễn Hồng Diên, Vietnam’s Minister of Industry and Trade, to discuss how to expand bilateral non-oil trade, which reached US$6.1 billion in the first half of 2024, with growth of nine percent and 34 percent compared to the corresponding period in 2023 and 2022, and solidifying Vietnam’s status as the UAE’s leading trade partner in the Association of Southeast Asian Nations (ASEAN) region.
The two sides also reviewed progress towards a Comprehensive Economic Partnership Agreement, which will, once concluded and implemented, accelerate trade and investment flows by removing tariffs, simplifying customs procedures and improving market access for services exporters.
Al Zeyoudi also discussed the far-reaching benefits of the CEPA throughout talks with Nguyen Ba Hoan, Deputy Minister of Labour - Invalids and Social Affairs, and Tran Thanh Nam, Deputy Minister of Agriculture and Rural Development, during which they discussed the potential for joint ventures and partnerships in these critical sectors.
Following the visit, Al Zeyoudi expressed his optimism about the future of UAE-Vietnam ties and the benefits of greater exchange with the ASEAN community as a whole.
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