Politics

Vietnam, UAE to boost trade, investment, labour cooperation

Vietnam and the UAE have agreed to further beef up bilateral partnership in all fields, especially trade, investment, financial-banking and labour cooperation.
Deputy Prime Minister Nguyen Xuan Phuc held talks with his United ArabEmirates (UAE) counterpart Sheikh Mansour Bin Zayed Al Nahyan in AbuDhabi on December 16 during which both sides agreed to further beef upbilateral partnership in all fields, especially trade, investment,financial-banking and labour cooperation.

The twosides concurred to increase the exchange of delegations at all levelswhile affirming their determination to raise two-way trade to a moreimpressive figure. They also vowed to continue close coordination andmutual support at international multilateral forums.

Deputy PM Phuc said that Vietnam takes the UAE as one of its toppartners in the Middle East, suggesting the country encourage itsbusinesses to invest more in Vietnam in such areas as energy,hospitability-tourism, finance-banking, and oil and gas.

He askedthe UAE to help Vietnam build a labour training centre which aims toimprove skills for Vietnamese workers who work in the Middle Eastmarket.

Vietnam will create all favourableconditions for UAE investors to explore business and investmentopportunities in the country, he affirmed.

For hispart, the UAE Deputy PM said his country attaches much importance todeveloping ties with Vietnam . He confirmed that he will directrelevant ministries and agencies to effectively realise all reachedagreements and back joint projects in economy, finance-banking andlabour in the future.

UAE businesses wish to investin Vietnam’s agriculture, he said, encouraging Vietnamese producersto increase the export of agricultural products to the UAE.

Currently, the UAE is one of the leading economic partners of Vietnam inthe Middle East and North Africa, with two-way trade hitting 4.46billion USD in 2013, a rise of 80 percent over the previous year and 63times higher that that of 2002.-VNA
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