PM Touches Down in Abu Dhabi: Historic UAE Visit Kicks Off with High Hopes

Picking up Prime Minister Pham Minh Chinh, Madam Le Thi Bich Tran and the Vietnamese delegation at Zayed International Airport, together with Minister of State for Foreign Trade and Economic Affairs, UAE Talent Attraction Minister Thani bin Ahmed Al Zeyoudi; Bader Abdulla Almatrooshi, UAE Ambassador to Vietnam and UAE officials. On the Vietnamese side, Vietnamese Ambassador to the UAE Nguyen Thanh Diep and embassy officials attended.

In a brief meeting with Minister and Minister of State Thani bin Ahmed Al Zeyoudi at the airport, Prime Minister Pham Minh Chinh said he was delighted to be on an official visit to the UAE. Thani bin Ahmed Al Zeyoudi, Minister of State and Minister of State, said he was very pleased to welcome the Prime Minister of the UAE and assessed this as an important milestone in the relationship between the two countries, thanking the Prime Minister for his decisive leadership of the ministry and encouraging industry to promote cooperation with the UAE. do.

Thani bin Ahmed Al Zeyoudi, Minister and Minister of State, emphasized that the UAE attaches great importance to relations with Vietnam and highly values ​​its socio-economic development achievements and Vietnam’s elevated status. He expressed confidence that the Prime Minister’s visit would be successful and achieve significant results.

Welcoming Prime Minister Pham Minh Chinh, his wife Le Thi Bich Tran and the Vietnamese delegation, along with Minister of State for Foreign Trade at the Ministry of Economy and Minister of State for Talent Attraction Thani bin Ahmed Al Zeyoudi of the UAE – Photo: VGP/Natbag

This is the first official visit by a Vietnamese prime minister to the UAE in 15 years. This visit is particularly important for strengthening political trust. Strengthen the relationship between Vietnam and the UAE in both breadth and depth, expanding a new phase of cooperation between Vietnam and the UAE, and creating a breakthrough, especially in attracting UAE investments to Vietnam and enabling Vietnamese goods and services to access Gulf markets.

The program of the visit will see the Prime Minister hold talks with top leaders of the government UAE. It houses UAE ministers, investment fund leaders and large corporations. He delivered an important policy speech that conveyed a message about Vietnam’s development direction and foreign policy. Meet the Vietnamese community in the UAE…

Relations between Vietnam and the UAE are on a good development track with many tangible achievements. – Photo: VGP/Nhat Bac

The UAE is the second largest economy in the Gulf region. It is a major financial and commercial center in the Middle East. It is the fourth largest oil producing country in the Organization of Petroleum Exporting Countries (OPEC).

The UAE aims for sustainable development and is establishing a leading position in the above new development trends. The world, implementing “UAE Vision 2031” (We the UAE 2031), which aims to make the UAE a global economic hub and a successful development model for the world.

The UAE plays an important role in the Middle East-North Africa region. Promote connections with the Arab bloc and the Gulf region. In recent years, the UAE has been actively implementing the ‘Look East’ policy, which emphasizes relations with Asian countries, including Vietnam.

Relations between Vietnam and the UAE are on a good development track with many tangible achievements. Both countries share a common understanding of the importance of taking our relationship to a new level soon, commensurate with the potential, economic scale and expectations of both parties.

Prime Minister Pham Minh Chinh and Minister and Minister of State Thani bin Ahmed Al Zeyoudi held a brief meeting at the airport. – Photo: VGP/Nhat Bac

The UAE is Vietnam’s largest export market in the Middle East-Africa region, and bilateral trade volume will reach $470 billion in 2023. In the first months of 2024, Vietnam exported $337 billion to the UAE, an increase of 51% compared to the same period in 2023.

The two countries began negotiations on the Comprehensive Economic Partnership Agreement (CEPA) in June 2023, and plan to finalize the negotiations and sign CEPA during the Prime Minister’s visit to Korea.

Vietnamese Embassy staff and staff, as well as representatives of the Vietnamese community in the UAE welcomed the Prime Minister and his wife and the delegation at the hotel. – Photo: VGP/Nhat Bac

As of 2024, the UAE has 41 direct investment (FDI) projects in Vietnam, with a cumulative total registered investment capital of 71.6 million USD. The UAE holds many of the world’s largest FDI investment funds, of which the Abu Dhabi Investment Authority manages $85.3 billion and is the fourth largest investment fund in the world, so the UAE’s potential to attract investment is high. It’s still big. Dubai Investment Group ranks 12th in the world with $32.08 billion under management. Mubadala Investment Company manages $27.6 billion and ranks 13th in the world.

Vietnam currently has about 3.000 workers in the UAE. Both sides actively cooperate and support in international forums. Recently, the UAE supported Vietnam’s accession to the UN Security Council for the 2020-2021 term and the UN Human Rights Council for the 2023-2025 term.

Ha Van – Chinhphu.vn

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