Page 204 - MOE ENGLISH PR REPORT - OCTOBER 2024
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10/29/24, 4:04 PM Dubai Chamber of Commerce launches Vietnamese Business Council to support growth of bilateral trade and investments - Middl…
investment. “Viet Nam 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 Viet Nam–UAE Business Forum was organised as part of ongoing efforts to build on steady
growth in non-oil trade between Dubai and Viet Nam, which reached a value AED 31.7 billion
during 2023. This represents an annual increase of 12.2% 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 Viet Nam 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 Viet Nam.
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