Vietnam attractive destination for Dubai enterprises: Forum
Describing Vietnam as attractive to Dubai investors and traders, President and CEO of Dubai Chambers Mohammad Ali Rashed Lootah held that the Southeast Asian country boasts strong growth potential thanks to its favourable economic policies, firm infrastructure, a skilled workforce, and strategic location.
Some speakers at the "Doing Business in Vietnam" forum held by Dubai Chambers and the HCM City Investment and Trade Promotion Centre on May 9. (Photo: VNA) |
Members of Dubai Chambers have highly evaluated opportunities in Vietnam and are planning to expand investment and business activities in the country, he noted.
He added that as Vietnam and the UAE are negotiating a comprehensive economic partnership agreement, Dubai enterprises wish to seize opportunities to boost common economic growth. They also hope that this agreement will promote bilateral trade and facilitate Vietnamese exporters’ access to global markets via Dubai.
According to Dubai Chambers, the commodities promising considerable chances for Vietnam’s exports to Dubai include furniture, nuts, tropical fruits, and coffee. Meanwhile, Dubai firms highly value the investment potential in sustainable agriculture, construction, tourism, and food industry in Vietnam.
UAE Ambassador to Vietnam Bader Al Matrooshi said the two countries are witnessing important strides in delegation exchanges in various areas, especially trade promotion. The UAE is the biggest trading partner of Vietnam in the Middle East when it comes to non-oil products, with bilateral trade topping 8 billion USD.
Nguyen Van Dung, Vice Chairman of the Ho Chi Minh City People’s Committee, stated that the southern largest economic hub will continue assisting and providing optimal conditions for foreign enterprises, including UAE firms, to do long-term investment and business, thus contributing to common growth and meeting both sides’ demand and potential.
He cited statistics showing that with 27 valid projects, the UAE currently ranks 42nd among the 120 countries and territories investing in Ho Chi Minh City. Despite the complex global situation, the city’s exports to the UAE still increased over 4% to nearly 340 million USD last year compared to 2022, showing efforts by both Ho Chi Minh City and UAE partners in helping to comprehensively and substantively develop the Vietnam - UAE ties.
Lam Nguyen Hai Long, Chairman of the Ho Chi Minh City Computer Association, said the Vietnamese Government is working actively to reform administrative procedures to grasp opportunities of a new investment influx. Vietnam in general and Ho Chi Minh City in particular have also readied some software and high-tech parks providing a technological foundation for investors.
Besides, Vietnamese enterprises should also consider Dubai as a gateway for them to access other markets in the Middle East, North Africa, and the world, he suggested.
See also
Bac Ninh leads nation in FDI attraction in nine months
18:05 | 09/10/2024 FDI
Bến Tre to unlock potential for investment attraction
10:10 | 07/10/2024 FDI
Foreign capital influx permeates southern real estate market
10:06 | 06/10/2024 FDI
Foreign investment surpasses 24.78 billion USD in nine months
09:27 | 04/10/2024 FDI
Brescia province's business community interested in Vietnamese market
09:16 | 04/10/2024 FDI
Long Son Petrochemicals complex starts commercial operation
15:14 | 03/10/2024 FDI
See more news
Deli Group breaks ground for 270 million USD stationery factory in Hai Duong
18:27 | 29/09/2024 FDI
SpaceX plans to invest US$15 billion in Vietnam
09:23 | 26/09/2024 FDI
Andre De Jong appointed as managing director of Bosch Vietnam
17:24 | 25/09/2024 FDI
Vietnam remains bright spot in foreign investment attraction in ASEAN
15:26 | 20/09/2024 FDI
Hanoi capitalises on advantages to attract FDI
10:26 | 13/09/2024 FDI
PM hosts Japanese multi-industry firm's chairman
15:07 | 12/09/2024 FDI
Deputy PM pledges to facilitate operations of Hong Kong groups
16:13 | 10/09/2024 FDI
Việt Nam attracts nearly US$21 billion in FDI in eight months
15:16 | 09/09/2024 FDI
Efforts underway in Bắc Giang to create more favourable business environment
10:24 | 06/09/2024 FDI
Japanese investors pour over 1.3 billion USD into Ha Nam
14:49 | 03/09/2024 FDI
Ca Mau Province accelerates public investment disbursement
17:29 | 11/10/2024 Investment
East Asian Summit calls for cooperation to enhance mutual understanding
17:22 | 11/10/2024 Cooperation
PM attends 12th ASEAN-US Summit in Vientiane
17:18 | 11/10/2024 News and Events
Vietnam ready to turn off 2G service
16:34 | 11/10/2024 Science - Technology
WTO highlights Vietnam’s role in restructuring of global supply chains
14:37 | 11/10/2024 Trade
Multimedia
Hanoi Liberation: Important milestones
15:39 | 09/10/2024 Infographic
Vietnam makes active contributions to ASEAN development
09:15 | 09/10/2024 Infographic
France becomes Vietnam's 8th Comprehensive Strategic Partner
08:57 | 08/10/2024 Cooperation
Two historic battles of the capital’s armed force and people
09:53 | 07/10/2024 Infographic
Numerous cultural, tourism activities to welcome 70th Hanoi’s Liberation Day
10:43 | 05/10/2024 Infographic
Multiple laws under review for revisions
08:55 | 11/10/2024 Policy
Top leader attends Hà Nội's Liberation Day anniversary, highlights potential to drive growth
20:31 | 10/10/2024 Policy
Vietnam, Cuba bolster defence cooperation
16:36 | 10/10/2024 Policy
NA urges capital market revitalisation
20:15 | 09/10/2024 Policy
MoIT approves price framework to purchase electricity from Laos
08:38 | 11/10/2024 Energy
Foreign investors interested in green development, semiconductor industry in Vietnam
17:34 | 09/10/2024 Industry
Việt Nam seeks Japan's cooperation in hydrogen energy development
14:33 | 09/10/2024 Energy
Việt Nam's industrial production saw positive growth in nine months
14:20 | 08/10/2024 Industry
Ca Mau Province accelerates public investment disbursement
17:29 | 11/10/2024 Investment
HCM City approves US$9b Cần Giờ coastal urban development project
10:04 | 11/10/2024 Investment
Bac Ninh leads nation in FDI attraction in nine months
18:05 | 09/10/2024 FDI
Total social investment capital disbursed in nine months up 6.8%: GSO
14:41 | 08/10/2024 Investment
PM urges WB to provide concessional loans for key infrastructure projects
08:52 | 11/10/2024 Finance-Banking
DIC Corp completes buyback of $18.6 million in bonds
09:25 | 10/10/2024 Finance-Banking
Update on exclusive partnership between Manulife Vietnam and Techcombank
14:52 | 08/10/2024 Finance-Banking
VPBank, LOTTE C&F cooperate to provide financial service with “Buy now pay later” product
09:31 | 07/10/2024 Finance-Banking
Leveraging power of community to protect unique Yok Đôn ecosystem
14:49 | 09/10/2024 Environment
Little cooperation from zoo operators in mass deaths of tigers, lions, panther: authorities
09:18 | 08/10/2024 Environment
Issuing “passports” for forest visits
22:12 | 05/10/2024 Environment
Vietnam’s forestry sector leads in achieving net negative emissions
09:16 | 04/10/2024 Environment
Vietnam ready to turn off 2G service
16:34 | 11/10/2024 Science - Technology
Digital infrastructure strategy approved
09:50 | 11/10/2024 Science - Technology
Vietnam, India seek further development through sci-tech cooperation
09:46 | 11/10/2024 Science - Technology
Digital transformation creates new momentum for national development
16:35 | 10/10/2024 Science - Technology
Implementation of Red River Delta Region Planning approved
09:00 | 11/10/2024 Society
Nine Vietnamese universities make global rankings 2025
17:05 | 10/10/2024 Society
Hanoi develops as dynamic, pioneering, innovation city: Int’l media
11:33 | 10/10/2024 Metropolis
Hà Nội's remarkable transformation after 20 years
11:25 | 10/10/2024 Metropolis
Fifteen Vietnamese banks named in the global top 500 banking brands
16:24 | 10/10/2024 Vietnamese Brands
Việt Nam's second rice brand enters picky Japanese market
09:03 | 10/10/2024 Vietnamese Brands
Ben Tre to export first batch of fresh coconuts to China in October
09:41 | 08/10/2024 Vietnamese Brands
Mê Linh harnesses the potential of OCOP products
09:36 | 07/10/2024 Vietnamese Brands
Việt Nam promotes location opportunities at Busan International Film Festival
09:41 | 11/10/2024 Culture
Hanoi – World’s Leading Culinary City Destination
16:15 | 10/10/2024 Lifestyle
Pride and patriotism: the ‘expat’ view
09:19 | 10/10/2024 Culture
German Film Awards winner opens Kinofest in Hà Nội
09:16 | 10/10/2024 Culture
Hà Nội develops tour to explore Thường Tín’s craft villages
09:32 | 11/10/2024 Tourism
Vietnam Airlines promotes tourism in Germany
09:27 | 10/10/2024 Tourism
Việt Nam sees surge of tourists from visa-exempt countries in 2024
09:46 | 08/10/2024 Tourism
Cultural tourism requires more investment to become cultural industry
09:24 | 08/10/2024 Tourism