PM attends Vietnam-UAE business roundtable

Prime Minister Pham Minh Chinh attended the Vietnam- United Arab Emirates (UAE) business roundtable in Dubai on October 28 (local time) with a focus on digital transformation, green transition, innovation, and creativity, the Vietnam News Agency has reported.

Participants shared development strategies, investment opportunities, and solutions to unlock and drive bilateral economic and investment cooperation.

Addressing the event, PM Chinh stressed the significance of elevating bilateral relations to a Comprehensive Partnership and concluding the bilateral Comprehensive Economic Partnership Agreement (CEPA) negotiations during his visit. He articulated that these moves are pivotal in promoting economic, trade and investment cooperation between businesses from both countries.

He noted that the rapid connectivity between the two countries through various modes of transportation, telecommunications and fiber optics, envisioning even closer ties through advancements in AI.

PM Chinh affirmed Vietnam's commitment to protecting the legitimate rights and interests of businesses and investors; avoiding the criminalization of civil, administrative, and economic relations; fostering an open, transparent, equal, and healthy business environment in the spirit of “harmonizing benefits and sharing risks."

Vietnam is prioritizing investment projects in science and technology, innovation, research and development; digital, circular, and knowledge-based economy, and nighttime economy; semiconductor manufacturing, new energy and renewable energy; green finance, and developing financial centers, according to the PM.

Priority will also be given to biotechnology, health care, electronic components, electric vehicles, strategic infrastructure development, and the diversification of markets, products, and supply chains, he said.

PM Chinh proposed UAE businesses to invest in the above-mentioned areas, affirming that Vietnam will create the most favorable conditions for investors to operate effectively and sustainably and for the long term in the Southeast Asian country.

Vietnam also vows stable electricity supply and uninterrupted telecommunications services to support economic transformation and development, he noted.

On this occasion, 12 cooperation agreements were signed between businesses from both countries across various sectors, including AI, data center development, energy transition, aviation, seaport, logistics, electric vehicle production, finance, agriculture and services.