Page 206 - MOE ENGLISH PR REPORT - JANUARY 2024

The two countries have been expanding cooperation in many fields, notably the launch
of their negotiation for Vietnam-UAE CEPA, he said.

Appreciating the efforts and results that the negotiation delegations of the two countries
have made, the two officials discussed measures to address issues in which the two
sides have different points of view.

Regarding bilateral cooperation, Minister Dien called on the UAE side to consider and
facilitate business delegation exchanges and coordinate to organise trade promotion
activities. He also proposed the UAE businesses to invest in Vietnam in some areas of
mutual interest.

In the coming time, the two sides agreed to cooperate more closely to speed up the
Vietnam - UAE CEPA negotiation process and conclude it soon.

Currently, the UAE is the largest export market and the second-largest trade partner of
Vietnam in West Asia (after Kuwait).

In 2023, Vietnam's exports to the UAE reached over US$4 billion and its imports from
this market hit over US$676 million, marking a year-on-year increase of 4.3% and 16%
respectively.

Vietnam's main exports to the UAE include mobile phones, computers and components,
electrical products, household electronics, pepper, seafood, footwear, textiles, grain
products, plastic, and wooden furniture. It imports are raw plastics, liquefied petroleum
gas (LPG), petroleum products, animal feed materials, metals, and chemicals.

https://english.vov.vn/en/economy/vn-uae-speed-up-negotiation-for-comprehensive-economic-
partnership-agreement-post1073752.vov