Vietnam, UAE determined to raise trade to 10 billion USD

Vietnam and the United Arab Emirates (UAE) are determined to work to raise bilateral trade to 10 billion USD, agreeing to soon devise a master plan of action, exchange high-level visits, organize more business trips, and more, for the goal.
Vietnam, UAE determined to raise trade to 10 billion USD ảnh 1Deputy Prime Minister Trinh Dinh Dung had a working session with the UAE's Minister of State Sultan Bin Ahmed Al Jaber (Photo: baoquocte.vn)
Hanoi (VNA)– Vietnam and the United Arab Emirates (UAE) are determined to work to raisebilateral trade to 10 billion USD, agreeing to soon devise a master plan ofaction, exchange high-level visits, organize more business trips, and more, forthe goal.

It was reached during a working visit to the UAE by Deputy Prime Minister TrinhDinh Dung from July 6-9.

On July 7-8, Dung met with Minister of State Sultan Bin Ahmed Al Jaber, had aworking session with Minister of Energy and Industry Suhail Mohammed Faraj AlMazrouei, and received executives from the Mubadala Petroleum.

Regarding politics and diplomatic affairs, the UAE officials spoke highly ofthe growing role and position of Vietnam in the region and the world.

They congratulated Vietnam on its important socio-economic development anddiplomatic attainments, especially its non-permanent seat at the United NationsSecurity Council in 2020-2021.

Both sides agreed toincrease the exchange of visits, especially high-level ones, continue tocoordinate and support each other at multilateral forums, and improve theoperation of bilateral cooperative mechanisms, like the inter-governmentalcommittee and the political consultation between the two foreign ministries.

They agreed to work to carry out agreements reached at the fourth meeting ofthe Vietnam-UAE intergovernmental committee in April 2019.

Deputy PM Dung said potential for the two countries’ cooperation in trade,investment, energy, infrastructure development, labour, and tourism is huge, pledgingthat the Vietnamese Government will create favourable conditions for UAEinvestments in Vietnam.

He expected the UAE would facilitate the entry of Vietnamese goods in theMiddle East and other markets as well as the stable life of Vietnamese workersthere.

The UAE officials affirmed that Vietnam is their country’s market of priorityin Southeast Asia, pledging to make long-term investment in the country, notonly in traditional fields like oil and gas and energy, but also in new fieldslike infrastructure, and smart city.-VNA
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