Dubai’s DMCC, a global hub for trade and innovation, is bridging the gap between Web3 and AI communities in Dubai and Vietnam, following the UAE-Vietnam Comprehensive Economic Partnership Agreement (CEPA) signed in October.
The agreement is poised to quadruple bilateral trade to $20 billion in the coming years, fueling technology-driven collaboration.
During its second Made For Trade Live roadshow to Vietnam this year, DMCC hosted three high-profile events in Hanoi and Ho Chi Minh City, attracting over 650 business leaders, start-ups, and investors. A key event, held in partnership with Vietnam’s Web3 venture builder SightSea Labs, focused on scaling Web3 and AI investment and emphasized opportunities for Vietnamese businesses in Dubai.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, highlighted Vietnam’s status as a hub for AI innovation and high crypto adoption rates.
“The UAE-Vietnam CEPA unlocks significant opportunities for investment and collaboration. By showcasing Dubai’s advanced infrastructure through the DMCC Crypto, Gaming, and AI Centres, we are enabling Vietnamese businesses to expand globally,”
he said.
DMCC’s ongoing roadshows are pivotal in attracting foreign direct investment (FDI) to Dubai, contributing 15% of the emirate’s annual FDI inflows. With nearly 2,700 new companies joining DMCC in 2023 and over 25,000 businesses in its ecosystem, DMCC continues to position Dubai as a premier global business hub.
This roadshow builds on the success of DMCC’s first event in Vietnam in June, where 412 business leaders were briefed on opportunities in Dubai. Through these initiatives, DMCC strengthens economic and technological ties while fostering global trade and innovation.
News Source: Dubai Media Office
