UAE-Vietnam Joint Committee Meeting convenes to advance economic cooperation

Sunday, 8 October 2023 16:32

By ARN News Staff

The Vietnamese Ministry of Industry and Trade has hosted the fifth UAE-Vietnam Joint Committee in Hanoi.

The talks covered a range of sectors and areas of mutual interest, including trade, investment, digital technology, agriculture, energy, transport, higher education, culture, tourism and labour.

The Committee was co-chaired by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Dr. Nguyen Hong Dien, Vietnam's Minister of Industry and Trade.

Dr. A Zeyoudi praised the strong relations between the United Arab Emirates and the Socialist Republic of Vietnam, noting that the fifth session of the Joint Committee is a continuation of bilateral efforts to enhance cooperation and strengthen partnerships between the two countries across a wide range of industry sectors.

In turn, Dr. Nguyen Hong Dien highlighted Vietnam’s interest in elevating UAE-Vietnam bilateral relations to broader horizons and enhancing cooperation across various domains in a manner that serves the interests of both nations and their people.

The Joint Committee concluded with the signing of the agreed minutes and a number of agreements between the UAE and Vietnam.

Dr. Thani also met with Vietnam’s Deputy Prime Minister, Tran Lưu Quang, in which they were able to review bilateral trade relations and discuss sectors of high potential for further growth.

The UAE is Vietnam’s leading trade partner in the Arab World, sharing $8 billion in non-oil trade in 2022.

UAE-Vietnam Joint Committee Meeting convened to advance economic cooperation#WamNews https://t.co/MI8b6v76iI pic.twitter.com/nq3iYOL5R2
— WAM English (@WAMNEWS_ENG) October 8, 2023

More from Business News

UK's Jaguar Land Rover to halt US shipments over tariffs

Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.
US starts collecting Trump's new 10% tariff

U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.
Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).