Page 195 - MOE ENGLISH PR REPORT - OCTOBER 2024

Dubai Chamber of Commerce launches

Vietnamese Business Council to support growth of

bilateral trade, investments

Monday, October 28, 2024 6:44 PM

4 minutes Reading

DUBAI, 28th October, 2024 (WAM) -- Dubai Chamber of Commerce, one of the three chambers
operating under the umbrella of Dubai Chambers, has announced the establishment of the
Vietnamese Business Council to support the growth of bilateral trade and investments.

The announcement was made on the sidelines of the Vietnam–UAE Business Forum, which was
organised today (Monday) in Dubai by the Ministry of Planning and Investment of Vietnam and the
Embassy of Vietnam in the UAE in collaboration with Dubai Chambers.

The inaugural event was attended by more than 100 government and business figures in the
presence of Phạm Minh Chính, Prime Minister of the Socialist Republic of Vietnam; Dr. Thani bin
Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade; Abdul Aziz Abdullah Al Ghurair,
Chairman of Dubai Chambers, and Mohammad Ali Rashed Lootah, President and CEO of Dubai
Chambers; together with several officials, business leaders, and investors from Vietnam and Dubai.

The forum explored ways to enhance economic cooperation and stimulate bilateral investments in
several vital sectors, with a focus on opportunities in the green economy, digital transformation,
and innovation. It culminated in the signing of a number of strategic Memoranda of Understanding
(MoUs) between prominent entities in both countries.

They included an agreement between Vietnam Airlines and both Etihad and Emirates airlines to
support cooperation in the aviation sector; an agreement between DP World and Vietnam Maritime
Corporation (VIMC) to develop Can Tho Port and develop inland waterways; agreements between
VinGroup and Benya Group, NDMC and Abu Dhabi Port to develop key data and logistics
infrastructure; an agreement between Vinfast and Emirates Driving Company on electric vehicle
manufacturing; and an agreement between T&T Group and Golden Nile in finance, agriculture and
services.

During his opening speech at the event, Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai
Chambers, commented, “The UAE and the Socialist Republic of Vietnam enjoy strong economic
ties, with continuous growth in trade and bilateral investments. We look forward to further

https://www.wam.ae/en/article/b5wso2i-dubai-chamber-commerce-launches-vietnamese