Prime Minister arrives in Abu Dhabi, begins official visit to UAE
Báo Chính Phủ•27/10/2024
(Chinhphu.vn) - At noon on October 27 (local time, afternoon of the same day Hanoi time), Prime Minister Pham Minh Chinh, his wife and a high-ranking Vietnamese delegation arrived in the capital Abu Dhabi, beginning an official visit to the United Arab Emirates (UAE) at the invitation of UAE President Mohamed bin Zayed Al Nahyan.
Prime Minister Pham Minh Chinh , his wife and a high-ranking Vietnamese delegation arrived in Abu Dhabi, starting an official visit to the United Arab Emirates (UAE) - Photo: VGP/Nhat Bac
Welcoming Prime Minister Pham Minh Chinh, his wife Le Thi Bich Tran and the Vietnamese delegation at Zayed International Airport were Minister of State for Foreign Trade of the Ministry of Economy , Minister in charge of attracting talents of the UAE Thani bin Ahmed Al Zeyoudi; UAE Ambassador to Vietnam Bader Abdulla Almatrooshi and UAE officials. On the Vietnamese side were Vietnamese Ambassador to the UAE Nguyen Thanh Diep, officials and staff of the Embassy. In a brief meeting with Minister and Minister of State Thani bin Ahmed Al Zeyoudi at the airport, Prime Minister Pham Minh Chinh expressed his pleasure to visit the UAE officially. Minister and Minister of State Thani bin Ahmed Al Zeyoudi expressed his great pleasure to welcome the Prime Minister to the UAE, assessing this as an important milestone in bilateral relations and thanking the Prime Minister for his strong direction to ministries and branches to promote cooperation with the UAE. Minister and Minister of State Thani bin Ahmed Al Zeyoudi stressed that the UAE attaches importance to its relations with Vietnam, highly appreciates Vietnam's socio-economic development achievements and growing position; and expressed his belief that the Prime Minister's visit will be a great success with important results.
Welcoming Prime Minister Pham Minh Chinh, his wife Le Thi Bich Tran and the Vietnamese delegation were Minister of State for Foreign Trade of the Ministry of Economy, Minister in charge of attracting talent of the UAE Thani bin Ahmed Al Zeyoudi - Photo: VGP/Nhat Bac
This is the first official visit of the Prime Minister of Vietnam to the UAE in 15 years. The visit is of special significance in consolidating political trust; enhancing the breadth and depth of Vietnam's relations with the UAE, creating momentum and expanding a new phase of cooperation between Vietnam and the UAE, especially in attracting UAE investment to Vietnam and creating a breakthrough for Vietnamese goods and services to access the Gulf market. During the visit, the Prime Minister will have talks with the highest leaders of the UAE; receive ministers, leaders of investment funds and large corporations of the UAE; deliver an important policy speech conveying the message about Vietnam's development orientation and foreign policy; meet the Vietnamese community in the UAE...
The relationship between Vietnam and the UAE is developing well with many practical results - Photo: VGP/Nhat Bac
The UAE is the second largest economy in the Gulf region; the leading financial and commercial center in the Middle East; the fourth largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC). The UAE is aiming for sustainable development, establishing a leading position in new development trends in the world , implementing the "UAE Vision 2031" (We the UAE 2031), aiming to make the UAE a global economic center and a successful development model of the world. The UAE plays an important role in the Middle East - North Africa region; promoting connectivity with the Arab bloc and the Gulf region. In recent years, the UAE has actively implemented the "Look East" policy, attaching importance to relations with Asian countries, including Vietnam. The relationship between Vietnam and the UAE is developing well with many substantive results. The two countries share a common awareness of the importance of soon elevating bilateral relations to a new height, commensurate with the potential, economic scale and expectations of both sides.
Prime Minister Pham Minh Chinh and Minister and Minister of State Thani bin Ahmed Al Zeyoudi had a brief meeting at the airport - Photo: VGP/Nhat Bac
The UAE is currently Vietnam's largest export market in the Middle East - Africa region, with bilateral trade turnover reaching 4.7 billion USD in 2023. In the first 7 months of 2024, Vietnam exported 3.37 billion USD to the UAE, up 51% over the same period in 2023. The two countries started negotiations on the Comprehensive Economic Partnership Agreement (CEPA) in June 2023 and are expected to complete negotiations and sign the CEPA during the Prime Minister 's visit.
Officials and staff of the Vietnamese Embassy and representatives of the Vietnamese community in the UAE welcomed the Prime Minister, his wife and the delegation at the hotel - Photo: VGP/Nhat Bac
As of June 2024, the UAE has 41 foreign direct investment (FDI) projects in Vietnam with a total registered investment capital of 71.6 million USD. The potential to attract investment from the UAE is still huge as the country owns many of the largest FDI funds in the world, of which the Abu Dhabi Investment Authority manages 853 billion USD, the fourth largest investment fund in the world; Dubai Investment Corporation manages 320.8 billion USD, ranking 12th in the world; Mubadala Investment Company manages 276 billion USD, ranking 13th in the world... Vietnam currently has about 3,000 workers in the UAE. The two sides actively coordinate and support each other in international forums. Recently, the UAE supported Vietnam to join the United Nations Security Council for the 2020-2021 term and the United Nations Human Rights Council for the 2023-2025 term.
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