Page 228 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 3:20 PM UAE-Vietnam CEPA marks substantial advancement within broader strategy to fortify Emirates' global economic partnerships: Mini…
exports to Vietnam and ASEAN countries, which consist of 10 nations, supporting

the goals of the National Strategy for Industry and Advanced Technology, Operation

300bn."

Abdulla Bin Touq Al Marri, Minister of Economy, said: "The UAE and Southeast

Asia share many common interests. We understand the role of trade in economic

prosperity, the transformative power of technology, and the importance of

expanding the services sector as a key to growth and economic resilience. Through

the Comprehensive Economic Partnership Agreement with Vietnam, our largest

trading partner in the region, we can strengthen alignment between our economies

and seize new opportunities in priority industries, from food security to

manufacturing and logistics. With Vietnam's GDP reaching $470 billion this year

and its annual growth projected at 6% for 2025 and beyond, the Southeast Asian

country offers significant potential for our exporters and investors - and this

agreement aims to establish platforms and pathways to unlock that potential."

Mohamed Hassan Al Suwaidi, Minister of Investment, said: "The Comprehensive
Economic Partnership Agreement between the UAE and Vietnam marks the

beginning of a new era in investment relations between the two countries. Vietnam's
rapid economic growth and strategic location in Southeast Asia make it an ideal

destination for UAE capital, especially as we seek impactful opportunities in sectors
such as infrastructure, industry, and logistics. By identifying growth-focused

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