DMCC's Made for Trade Live Roadshow Boosts UAE-Vietnam Economic Ties

DMCC concluded its inaugural Made for Trade Live roadshow in Vietnam, aiming to enhance trade and investment ties between Vietnam and the UAE prior to finalizing the Comprehensive Economic Partnership Agreement in 2024.

The events in Hanoi and Ho Chi Minh City underscored the growing economic relations between the two countries, with Vietnam emerging as a vital trade partner for the UAE, particularly as a gateway to Southeast Asia.

“We are happy to see DMCC’s roadshow in Vietnam which will contribute to the ongoing growth of economic development between the UAE and Vietnam. DMCC’s roadshow is one out of many examples of active interactions between both countries and it illustrates the opportunities seen by private sectors.”

said H.E. Dr. Bader Al Matrooshi, Ambassador of the UAE to Vietnam.

“As the UAE broadens its network of trade partners across the world, our collaboration with Vietnam is set to reach new heights. The UAE is one of the top trade partners for Vietnam in the Middle East. This provides us with a firm platform to grow our trade and investment in the coming years, setting the stage for a new era in UAE-Vietnamese economic relations.”

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said:

“With a landmark UAE-Vietnam CEPA in the final stages of negotiation, DMCC’s presence here demonstrates our intent to drive business connectivity at this pivotal moment. Vietnam’s status as the second-largest coffee producer in the world, as an increasingly competitive global manufacturing hub, and the dynamic growth of its digital economy in recent years are just a few examples of the huge potential to expand trade and investment with the UAE in core economic segments.

Through our dedicated industry ecosystems and expanded physical infrastructure, DMCC can support Vietnamese companies set up and connect to global markets, deepening the UAE-Vietnam bilateral corridor as well as regional trade flows in the process.”

DMCC's roadshow promotes Dubai as a top business hub, highlighting its unique advantages for foreign investment. DMCC itself contributes significantly to Dubai's FDI, with nearly 2,700 new companies joining in 2023, bringing the total to over 24,000 international businesses in the district.

News Source: Dubai Media Office