Business

Minister hosts UAE firm seeking business opportunities in Vietnam

Minister of Industry and Trade Nguyen Hong Dien had a working session with leaders of Sirius International Holding of the UAE in Hanoi on December 19 to discuss business and investment cooperation opportunities in Vietnam.
Minister hosts UAE firm seeking business opportunities in Vietnam ảnh 1Minister of Industry and Trade Nguyen Hong Dien (fifth from right), other Vietnamese officials, and representatives of Sirius International Holding at the meeting in Hanoi on December 19 (Photo: moit.gov.vn)
Hanoi (VNA) – Minister of Industry and Trade NguyenHong Dien had a working session with leaders of Sirius International Holding ofthe UAE in Hanoi on December 19 to discuss business and investment cooperationopportunities in Vietnam.

Akshay Kumar Mahajan, Director for investment at SiriusInternational Holding – an Abu Dhabi-based subsidiary focusing on digitaltransformation of International Holding Company (IHC), said that within theframework of the recent 28th United Nations Climate ChangeConference (COP28) in the UAE, leaders of his company had a meeting withVietnamese Prime Minister Pham Minh Chinh.

This visit to Vietnam by a delegation of SiriusInternational Holding shows the firm’s wish to promote substantive cooperationwith Vietnamese partners in such potential fields as developing smart grids, carboncredit trading ecosystem and infrastructure, e-commerce, and cryptocurrency, henoted.

Minister Dien said Vietnam has been deeplyintegrating into the world via 16 bilateral and regional free trade agreements,and it is accelerating the negotiation on and signing of a comprehensiveeconomic partnership agreement with the UAE.

He also provided more information about Vietnam’s commitment toachieving net zero emissions by 2050, the development of the energy sector andcarbon credit trading, and e-commerce growth.

Vietnam and the UAE have agreed on the content of the comprehensiveeconomic partnership agreement and plan to sign this deal in early 2024, he said,adding that the agreement is expected to help foster UAE business investmentin the Southeast Asian country.

Minister Dien invited Sirius International Holding to work withVietnamese firms in the fields it is interested in to tap into cooperationopportunities to be generated by the coming agreement.

Akshay Kumar Mahajan expressed his hope to soon find outpotential partners in Vietnam in the time ahead./.
VNA
#Sirius International Holding #UAE #Minister of Industry and Trade #Nguyen Hong Dien #COP28 #digital transformation #comprehensive economic partnership agreement #updated Vietnam news #Vietnamplus #Vietnam News Agency UAE Vietnam
Follow VietnamPlus

Related News

Vietnam, UAE advised to tap logistics cooperation potential

Vietnam, UAE advised to tap logistics cooperation potential

Effective logistics cooperation with the UAE will play a significant role in promoting Vietnam's trade exchange with the Middle East and other regions around the world, Director of the Ministry of Industry and Trade’s Asian-African Market Department Tran Quang Huy said at a workshop in Hanoi on August 14.
Vietnam-United Arab Emirates cooperative ties

Vietnam-United Arab Emirates cooperative ties

Prime Minister Pham Minh Chinh will attend the 28th UN Climate Change Conference of the Parties (COP28) and have several bilateral activities in the United Arab Emirates (UAE) on December 1 and 2. The visit was made at the invitation of the UAE Government.

See more

Workers process agricultural products for export. (Photo: VNA)

Vietnam's small business growth soars to a four-year high

The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.

At the meeting between French Minister of Transport Philippe Tabarot and Vietnamese Minister of Construction Tran Hong Minh in Hanoi on March 21. (Photo: VNA)

French businesses show strong interest in Vietnam’s high-speed railway project: Minister

Minh also mentioned Vietnam’s ongoing construction of Long Thanh International Airport, which will have a total capacity of 100 million passengers per year upon completion. The airport is expected to become Vietnam’s largest and serve as an international gateway, offering new opportunities for global aviation businesses, including those from France, to expand their connections in Vietnam and ASEAN, he said.

The ground-breaking ceremony for the Hon La International Port on March 21 (Photo: VNA)

Quang Binh breaks ground on 90-million-USD international port

The port features comprehensive planning with modern warehouses, logistics areas, and technical facilities. Its strategic location in the sheltered Hon La bay, protected by Hon Co and Hon La islands, provides ideal natural depth for large vessels.

SMEs face many difficulties in accessing capital. (Photo: baokiemtoan.vn)

SMEs need support policies: insiders

With nearly one million businesses and around five million business households, the private sector contributes approximately 51% of the country's Gross Domestic Product (GDP) and over 30% to the State budget. However, most small and medium-sized enterprises (SMEs) face significant barriers in scaling up and enhancing their competitiveness.

Quang Ninh plans to develop four new industrial parks (Photo: VNA)

Quang Ninh to develop four new industrial parks

To attract investment for infrastructure development in these zones, the Quang Ninh provincial People's Committee is focusing on reviewing available land and making a list of projects to attract investors for technical infrastructure construction.

A Vietjet executive performs the ribbon-cutting ceremony for the Ho Chi Minh City - Bengaluru route launch. (Photo: baodautu.vn)

Vietnam’s leading airlines to open new routes to India

Vietnam's national flag carrier Vietnam Airlines plans to launch direct flights from Hanoi to Bengaluru and Hyderabad starting in May, while private carrier Vietjet has already commenced services connecting Ho Chi Minh City to these two major Indian hubs on March 18.

Inside a steel factory in northern Vietnam. Despite signs of recovery, the industry remains below 2021 production levels (Photo: VNA)

Steel sector faces challenges

Vietnam’s steel sector is grappling with mounting challenges, including a rising volume of Chinese steel exports, domestic oversupply and global trade barriers, experts warn.