UAE, Vietnam to expand relations ahead of CEPA

UAE, Vietnam to expand relations ahead of CEPA

DUBAI - Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, met Pham Minh Chinh, Prime Minister of Vietnam, during his visit to the UAE as the head of a high-level delegation of senior Vietnamese officials and business leaders participating in COP28 at Expo City in Dubai.

The meeting comes as the UAE and Vietnam are finalising the terms of their Comprehensive Economic Partnership Agreement (CEPA), which aims to launch a new era of economic cooperation and growth between the two close trading partners.

Al Zeyoudi and Chinh discussed the importance of private-sector collaboration and the need to establish partnerships to increase bilateral trade and investment flows. The meeting was held in the presence of representatives of leading UAE companies, including Mubadala, the Abu Dhabi Fund for Development, Abu Dhabi Ports and DP World, along with high-level officials from Vietnam's public sector and business community.

During the meeting, AD Ports and the Vietnamese Maritime Administration signed a Memorandum of Understanding (MoU) to create a strategic partnership that will develop commercial opportunities. A Memorandum of Understanding was also exchanged between the Vietnamese Ministry of Information and Communications and Abu Dhabi-based Sirius International Holding Company, a leader in