Page 203 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 4:04 PM Dubai Chamber of Commerce launches Vietnamese Business Council to support growth of bilateral trade and investments - Middl…
Lootah, President and CEO of Dubai Chambers; together with several officials, business
leaders, and investors from Viet Nam 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, H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai

Chambers, commented: “The UAE and the Socialist Republic of Viet Nam enjoy strong
economic ties, with continuous growth in trade and bilateral investments. We look forward to
further enhancing cooperation in sectors of mutual interest and paving the way for more

promising opportunities.”

His Excellency 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 Viet Nam.”

His Excellency 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.”

His Excellency 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

https://mid-east.info/dubai-chamber-of-commerce-launches-vietnamese-business-council-to-support-growth-of-bilateral-trade-and-investments/ 2/3