The Vietnamese Government stands ready to create all possible conditions for foreign investors, including those from the United Arab Emirates (UAE), Deputy Prime Minister Trinh Dinh Dung told UAE Minister of Economy Sheikh Sultan Bin Saeed Al Mansouri in Hanoi on October 15.

Deputy Prime Minister Trinh Dinh Dung and UAE Minister of Economy Sheikh Sultan Bin Saeed Al Mansouri (Photo: VNA)

The Vietnamese official rejoiced at the rapid development and outcomes of the friendship and multifaceted cooperation between Viet Nam and the UAE, especially the bilateral economic, trade and investment ties.

Mr Dung expressed his hope that more businesses from the UAE will invest in projects in Viet Nam in such areas as energy infrastructure, logistics, oil and gas, renewable energy, energy saving, support industries, material production, farm produce processing, food, labour, finance, tourism, culture, sports, construction and aviation transportation.

He called on the UAE to create favourable conditions for Vietnamese living and working in the country.

The host highly valued the role and operation of the Viet Nam-UAE Inter-governmental Committee, especially results of the committee’s fourth meeting in Abu Dhabi last April, under the chair of Minister Bin Saeed Al Mansouri and Vietnamese Minister of Industry and Trade Tran Tuan Anh.

Viet Nam wishes to enhance the sharing of information about policies, regulations and investment opportunities in each country with the UAE, while increasing trade promotion activities in respective markets, Dung said.

For his part, Minister Bin Saeed Al Mansouri said the UAE considers Viet Nam the most important strategic partner in the Association of Southeast Asian Nations (ASEAN).

There remain great investment opportunities in Viet Nam, he said, adding that the UAE has invested in logistics, seaports and real estate in the country and will explore investment opportunities in other spheres like digital and knowledge-based economy.

Alongside cooperation potential in tourism, food processing is also an area in which the UAE is interested and wishes to cooperate with Viet Nam, the minister said.

He affirmed that the UAE is willing to share experience and promote cooperation concerning strategies to reform and diversify the economy, and develop the digital and knowledge-based economy.

(Source: VNA)