Deputy PM promises optimal conditions for UAE enterprises hinh anh 1Deputy Prime Minister Trinh Dinh Dung (R) receives CEO of Mubadala Petroleum Bakheet Al Katheeri in Hanoi on October 31 (Photo: VNA)

Hanoi (VNA) Deputy Prime Minister Trinh Dinh Dung pledged favourable conditions for UAE firms to expand investment in the country while receiving CEO of Mubadala Petroleum Bakheet Al Katheeri in Hanoi on October 31.

The Deputy PM said relations between Vietnam and the UAE are growing well as the two countries have become important partners of each other based on cooperation pillars in economy, trade and investment.

The UAE is currently a major trade partner and has invested in many projects in Vietnam, he said.

There are also a large number of Vietnamese people in the UAE, and they have been contributing greatly to the host nation’s socio-economic development, Dung added.

At the meeting, Bakheet highlighted Mubadala Petroleum’s wish to continue working closely with Vietnamese and international partners to expand investment in oil and gas exploitation in the Southeast Asian country.

He added Mubadala Petroleum also hopes to invest in other fields like renewable energy and pharmaceutical industries.

Applauding Mubadala Petroleum’s achievements and investment ideas in Vietnam, Dung asked the group to increase its investment in more oil and gas wells and engage in other areas like renewable energy through new investment forms or partnerships with Vietnamese and foreign businesses.

The Vietnamese Government will provide the best possible conditions for Mubadala Petroleum, as well as other UAE enterprises, to invest and do business in Vietnam, thus bringing success to all parties, he affirmed./.