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enhancing cooperation in sectors of mutual interest and paving the way for more promising
opportunities.”

He added, “We are pleased to announce the establishment of the Vietnam Business Council. The
council will serve as a platform to enhance cross-border economic partnerships and support
bilateral relations across diverse sectors, ensuring mutual benefits for the business communities in
Dubai and Vietnam.”

He concluded, “We are committed to providing Vietnamese businesses with the support they need
to grow in the UAE and leverage Dubai as a gateway to global growth. This is reflected in the fact
that 75 new Vietnamese companies registered as members of Dubai Chamber of Commerce during
the first nine months of this year, bringing the total number of active Vietnamese member
companies to 176 by the end of September.”

Dr. Thani Al Zeyoudi said the launch of the Vietnamese Business Council is a reflection of the
increasing importance of the UAE-Viet Nam partnership in trade and investment. “Vietnam is the
UAE’s largest trading partner in the ASEAN region, with well-developed manufacturing and
agriculture sectors that will help maintain its positive growth trajectory. Its export-led economy also
holds considerable potential for the UAE’s private sector, with investment opportunities in logistics,
food production and technology, while also offering a high-potential market for financial and
professional services. Equally, the UAE’s dynamic ecosystem and global connectivity can enable
Vietnamese companies to access new territories across the Middle East, Africa and into Europe.
This Council will establish the business connections to leverage these synergies and pave the way
for a new era of success.”

The Vietnam–UAE Business Forum was organised as part of ongoing efforts to build on steady
growth in non-oil trade between Dubai and Vietnam, which reached a value AED 31.7 billion during
2023. This represents an annual increase of 12.2 percent compared to the AED 28.2 billion
recorded in 2022, according to Dubai Customs data.

In July 2023, Dubai International Chamber established a representative office in Ho Chi Minh City to
facilitate deeper engagement with the Vietnamese business community. The office supports
companies from Vietnam seeking to enter Dubai and expand internationally through the emirate,
connecting businesses in both markets with trusted stakeholders and potential partners.

Earlier this year, Dubai International Chamber also led a highly successful trade mission to Ho Chi
Minh City as part of the ‘New Horizons’ initiative. During the mission, the chamber facilitated 180
bilateral business meetings between companies from Dubai and Vietnam.

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