Vietnam–UAE Business Bridge opens new trade pathways
Ajman Free Zone strengthens ties with Vietnam, offering a gateway for local businesses to expand into the UAE and MENA markets.
In a move that underscores the deepening economic ties between Vietnam and the United Arab Emirates (UAE), senior representatives from Ajman Free Zone (AFZ) are in Vietnam this week to explore new avenues for bilateral cooperation. The flagship forum, Vietnam – UAE Business Bridge: Unlocking Opportunities with Ajman Free Zone, held at the Sheraton Saigon Grand Opera Hotel, brought together over 300 business leaders, policymakers, and industry experts from both countries.
Jointly organized by InnoLab Asia and Ajman Free Zone, the event marked a significant milestone in strengthening commercial collaboration between Vietnam and the broader Middle East and North Africa (MENA) region. It served as a strategic platform to boost investor confidence, open new trade corridors, and promote the UAE, particularly Ajman Free Zone, as a dynamic hub for Vietnamese enterprises seeking international growth.
A major highlight of the event was a Fireside Chat featuring H.E. Ismail Al Naqi, Director General of the Free Zones Authority of Ajman, and Mr. Huynh Cong Thang, Chairman & CEO of InnoLab Asia. The discussion focused on the UAE’s economic diversification strategy, with a spotlight on the role of free zones like Ajman in attracting global investment.
Adding to the practical value of the event, Ms. An Tran, Senior Channel Account Officer at Ajman Free Zone, delivered a detailed presentation on how Vietnamese businesses can establish a presence in the free zone. She outlined AFZ’s competitive advantages, including tax incentives, simplified licensing procedures, and robust support services.
Through real-life case studies, Ms. Tran emphasized how AFZ is uniquely positioned to support small and medium-sized enterprises (SMEs) from Southeast Asia in accessing the Middle East and beyond.
In a roundtable discussion moderated by Ms. Linh Hoang, CEO of Lead The Change, panelists explored the strategic synergies between the two markets. Participants included Mr Pham Le Nhat Quang (General Partner & Executive Investment Committe Member of ABB Private Equity), Mr. Lam Ngoc Cuong (Board Chairman, Jemmia Diamond), and Ms. An Tran (Senior Channel Account Officer at Ajman Free Zone).
The conversation focused on two-way market access, investment trends, and sector-specific opportunities, ranging from logistics and manufacturing to technology and green energy. Panelists also discussed how Ajman Free Zone could become a critical gateway for Vietnamese companies eyeing expansion into the Middle East.
Concluding the forum was a Memorandum of Understanding (MOU) signing ceremony between InnoLab Asia and several Vietnamese business associations. The MOU established the Vietnam–UAE Trade & Investment Exchange (VUTIX), a long-term platform aimed at facilitating trade, investment, and business development between the two countries.
About Ajman Free Zone (AFZ)
As the second-oldest free zone in the UAE and recipient of the 'Free Zone of the Year' at the Enterprise Agility Awards 2024, Ajman Free Zone (AFZ) stands as a strategic hub for global businesses, offering a favorable business environment, attractive tax policies, state-of-the-art infrastructure, and comprehensive support services. Over the past 37 years, AFZ has successfully supported more than 20,000 businesses from 165 countries, affirming its role as a dynamic international commercial hub in the Middle East.
About InnoLab Asia
InnoLab Asia is a Vietnam-based innovation and expansion consultancy that helps local businesses access global markets. The company specializes in legal and structural frameworks for business setup, market entry strategies in the UAE/MENA, and capital investment support. Its mission is to equip Vietnamese enterprises with the tools and connections needed to thrive globally.
For more information:
InnoLab Asia
https://innolab.asia
partner@innolab.asia
(+84) 933 574 688
