UAE and Vietnam: Advancing Towards Comprehensive Strategic Partnership

2023-09-01 22:05:36

The Ambassador of Vietnam to the country, Nguyen Manh Tuan, confirmed that the United Arab Emirates and Vietnam are moving forward in their negotiations to reach a comprehensive strategic economic partnership agreement, which is in the interest of the two countries and their friendly peoples.

The Vietnamese ambassador stressed that reaching a comprehensive strategic economic partnership agreement with the UAE this year, through the ongoing talks between the two countries, would strengthen the well-established bilateral relations in conjunction with the 30th anniversary of the establishment of diplomatic relations between the two friendly countries.

On this occasion, he noted the depth of friendship and cooperation between the two countries, stressing that they have witnessed great development at the political, diplomatic, commercial and investment levels in recent years.

With regard to investment in the field of clean and renewable energy, he explained that the two friendly countries pledged to eliminate carbon emissions by 2050, which opens the way for enhancing cooperation between them in renewable and clean energy projects, including solar energy, wind energy and hydrogen. He expressed his confidence that the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), which will be held from November 30 to December 12 of this year, in Expo Dubai, will constitute an important international platform for discussion and dialogue in order to find solutions to the phenomenon of change. climate, which is in the interest of all mankind, noting in this regard that a high-level Vietnamese delegation will participate in this important international event.

Regarding the Vietnamese companies operating in the country, the ambassador noted that the majority of these companies work in the field of logistics, vegetables, fruits, food and non-food items. In the interest of signing a comprehensive economic partnership agreement between the UAE and Vietnam.

And the Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al-Zeyoudi, had announced earlier that the UAE is the first Arab trading partner for Vietnam, and represents 39% of its total trade with Arab countries. The volume of non-oil trade between the two sides reached 29.4 billion dirhams (about 8 billion dollars) in 2022. Trade in goods other than mobile phones and accessories grew to 46%, up from less than 36% in 2019, to reach a total of 13.5 billion dirhams (equivalent to more than $3.5 billion) last year, an increase of 9% over 2021, and a growth of 34 and 26% over the years 2020 and 2019, respectively.

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