Dubai Chamber of Commerce Establishes Vietnamese Business Council to Boost Bilateral Trade

The Dubai Chamber of Commerce has announced the launch of the Vietnamese Business Council to strengthen economic ties and support the growth of trade and investments between the UAE and Vietnam.

The announcement was made at the Vietnam–UAE Business Forum, held on Monday in Dubai, organized in collaboration with the Ministry of Planning and Investment of Vietnam and the Vietnamese Embassy.

The event attracted over 100 business and government leaders, including Vietnam’s Prime Minister Phạm Minh Chính, UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi, and Dubai Chambers’ Chairman Abdul Aziz Abdullah Al Ghurair. Discussions focused on enhancing cooperation in critical sectors, with an emphasis on green economy, digital transformation, and innovation. Strategic Memoranda of Understanding (MoUs) were signed, highlighting cooperation in aviation, logistics, electric vehicles, and finance.

Among the key agreements were partnerships between Vietnam Airlines and Emirates and Etihad, DP World and Vietnam Maritime Corporation, and Vinfast with Emirates Driving Company, each reinforcing sectoral collaboration.

Al Ghurair emphasized the UAE’s commitment to expanding bilateral trade:

“The UAE and Vietnam enjoy robust economic ties, and we look forward to more opportunities through the Vietnamese Business Council.”

He noted that 75 new Vietnamese companies joined the Dubai Chamber in 2023, reflecting growing interest in the UAE market.

Dr. Al Zeyoudi highlighted the UAE’s role as a gateway for Vietnamese companies aiming to access markets in the Middle East, Africa, and Europe, underlining the Council’s potential to drive new synergies.

This forum and the council’s establishment come amid rising non-oil trade, reaching AED 31.7 billion in 2023, a 12.2% increase from the previous year.

News Source: Emirates News Agency