The trade & investment exchanges between the UAE and Vietnam totalled Dhs13.5bn in 2022, up 9 per cent from 2021
The UAE và Vietnam have agreed to lớn start talks on establishing a comprehensive economic partnership agreement (CEPA), as the two countries seek to lớn promote collaboration in trade, investment, economy, industry, energy, logistics, agriculture và infrastructure.
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The launch of CEPA negotiations is the result of a shared aspiration to lớn elevate the existing trade và economic ties to lớn new heights, according lớn the state-run news agency WAM.
“The UAE is Vietnam’s number one Arab trade partner, accounting for 39 per cent of its total trade with the Arab countries,” said Dr Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade.
The volume of non-oil trade between the two countries reached $8bn (Dhs29.4bn) in 2022 while trade in goods other than smartphone phones & accessories jumped by 46 per cent from less than 36 per cent in 2019.
The trade và investment exchanges between the UAE và Vietnam totalled Dhs13.5bn in 2022, up 9 per cent from 2021 và with a 34 and 26 per cent growth from 2020 and 2019, respectively.
UAE, Vietnam sign mutual declaration of intent to lớn begin CEPA talks#Wam
News https://t.co/UFOSuxl8NU pic.twitter.com/aez
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— WAM English (
WAMNEWS_ENG) April 6, 2023
The UAE’s investments in Vietnam totalled Dhs260m in 2022 & companies with investments in the Southeast Asian country include DP World, Emirates Investment Authority, Mubadala & Borouge.
Al Zeyoudi said the bilateral trade agreement between the two nations will enhance economic & trade cooperation in unprecedented ways while supporting the private sector’s access to both markets. It will also create new investment opportunities, which will result in a higher volume of trade exchanges.
Vietnam’s Minister of Trade Nguyen Hong Dien concurred with Al Zeyoudi saying there is huge potential & opportunities from the agreement for both countries.
“The UAE has strengths as a trans-shipment, financial & logistics centre, while Vietnam is also becoming a factory for many crucial, global industries,” he said.
UAE advances growth with CEPA deals
Meanwhile, the development of the UAE’s economic legislation, which enabled full foreign ownership of companies & significantly enhanced the ease of doing business, is reinforcing the country’s position as a global hub for trade và investment.
The talks to launch bilateral trade negotiations between the two countries come on the heels of the World Trade Organisation’s (WTO) Global Trade Outlook & Statistics Report 2022, which ranked the UAE 11th in terms of exports of commodities và the 18th importer of global merchandise goods trade worldwide.
Read: UAE’s global merchandise trade exceeds $1tn in 2022
Earlier in March, the UAE signed off on a free trade pact with Turkey. The trade khuyến mãi is expected to more than double bilateral trade volumes between the two countries to lớn anywhere between $40bn và $45bn within the next five years.
Last month, the emirates also agreed khổng lồ start preliminary negotiations on a bilateral trade khuyến mãi targeting a broad expansion of economic ties with Costa Rica.
Since 2021, the country has signed four agreements so far – with India, Israel, Indonesia và Turkiye – & is currently in talks with others including South Korea và Ukraine as the Gulf nation remodels itself as a global hub for business & finance beyond the Middle East.
The UAE plans lớn finalise a giảm giá khuyến mãi with Ukraine & Colombia in the future. A không tính phí trade agreement with Ukraine would be the Gulf nation’s first such giảm giá khuyến mãi with a European country, after more than $3bn in trade & investment pledges made during President Volodymyr Zelensky’s visit to lớn the Gulf country in February 2021.
The country’s trade ambitions are in line with the ‘We the UAE Vision 2031’, which aims to lớn double the national economy from Dhs1.49tn khổng lồ Dhs3tn, increase national non-oil exports lớn Dhs800bn và raise the value of the UAE’s foreign trade lớn Dhs4tn by 2031.
Preview MD1 - Group D: Vietnam vs UAE
Buriram: Maciej Skorza is optimistic his UAE side can realise their dream of playing in the 2020 Olympics, despite an injury blow ahead of their AFC U23 Championship xứ sở của những nụ cười thân thiện thái lan 2020 opener against Vietnam on Friday.
To reach Tokyo 2020, Skorza’s men have to better their performances at the two previous appearances in the competition, which both ended at the quarter-finals. In 2013 they were eliminated by Jordan & three years later, it was Iraq that knocked them out at the same stage.
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The first obstacle on their way are 2018 runners-up Vietnam. The two sides had faced-off in the group stage of the 2016 edition, with the UAE emerging 3-2 winners to top the group, while Vietnam finished bottom at the time.
www.thuyed.edu.vn/en/national/afc_u23_asian_cup/video/afcu23_thailand_2020_-_know_your_group_d_teams.html
www.thuyed.edu.vn/en/more/photo/fcu23-group_d_coaches.html
Thu, 28 Oct, 2021
Experience and stability the keys for UAE"s Al Hammadi
Buriram: Friday’s Group D opener between the UAE & Vietnam offers the Emiratis an opportunity to lớn avenge their Asian Qualifiers 1-0 defeat in Hanoi, especially with many players from that trò chơi featuring for their nations’ U23 sides in Buriram.
One player who can’t wait to lớn make amends is defender Khalifa Al Hammadi. The Al Jazira centre-back was on the receiving end of a red thẻ minutes before Nguyen Tien Linh’s thunderous strike gave Vietnam a first-half lead that would prove to lớn be the difference at the final whistle.
At Buriram Stadium, Al Hammadi will look lớn muster the experiences gained, not only in that match, but throughout a 2019 which saw him make his senior international debut in the AFC Asian Cup UAE 2019 & go on lớn establish himself as a key member of the UAE national team at the age of 21.
Vietnam"s success can motivate neighbours, says Tien Linh
Thu, 28 Oct, 2021
Vietnam"s success can motivate neighbours, says Tien Linh
Buriram: Two years on from their runners-up finish in china PR, Vietnam go into the 2020 edition of the AFC U23 Championship as one of the favourites. & in Nguyen Tien Linh, they have a man who could well be the difference between silver và gold for them.
Back in January 2018, the Golden Stars were within seconds of a penalty shootout against Uzbekistan when Andrey Sodorov struck late in extra time to end the Vietnamese dreams of continental glory.
In the two years since, Vietnam lifted the 2018 AFF Cup, reached the quarter-finals of the 2019 AFC Asian Cup, won the 2019 SEA Games gold and added more talents lớn their ranks including 22-year-old Tien Linh.
Kim: This is the best DPR Korea side yet
Thu, 28 Oct, 2021
Kim: This is the best DPR Korea side yet
Buriram: For AFC U23 championship ever-presents DPR Korea, success means bettering their sole quarter-finals finish in năm nhâm thìn to put themselves in contention for a place in Tokyo 2020.
Two disappointing group stage exits in 2013 and 2018 were separated by a run into the final eight that was ended by an extra-time defeat at the hands of năm 2016 hosts Qatar.
Kim Kum-chul spearheads a new generation of players aiming to take DPR Korea into the Olympics for the first time since Montreal 1976.
Jordan skipper Al Rawabdeh focused on Tokyo dream
Thu, 28 Oct, 2021
Jordan skipper Al Rawabdeh focused on Tokyo dream
Buriram: A bit-part player in the 2018 AFC U23 Championship, midfielder Noor Al Rawabdeh has now grown into Jordan captain và the glue that holds coach Ahmed Abdulkadir’s side together as they look lớn make the dreams of a nation come true.
Jordan’s best performance at the competition came in 2013 when they navigated a group featuring hosts Oman alongside Korea Republic and Myanmar, before overcoming the United Arab Emirates in the quarter-finals en route lớn a semi-final defeat to Saudi Arabia and a shoot-out victory over Korea Republic that handed Al Nashama the bronze medal.
Since then, performances have been mixed and results unsatisfactory, but in 2020, & with several players boasting prior experience in the tournament và in other AFC competitions, Jordan are better placed than ever khổng lồ go far.
Nishino hails Thailand’s desire lớn win after opening day success
Thu, 28 Oct, 2021
Nishino hails Thailand’s desire khổng lồ win after opening day success
Bangkok: đất nước xinh đẹp thái lan head coach Akira Nishino believes his side’s absolute desire to win played a major role in the host nation’s comfortable 5-0 triumph over Bahrain in Group A of the AFC U23 Championship đất nước xinh đẹp thái lan 2020 on Wednesday.
A brace apiece from Suphanat Mueanta & substitute Jaroensak Wonggorn helped secure the Matchday One victory at Bangkok’s Rajamangala Stadium, success which saw xứ sở nụ cười thái lan go two points clear at the vị trí cao nhất of the standings.
The resounding performance has left đất nước xinh đẹp thái lan well placed to lớn reach the competition’s knockout phase for the first time in three attempts – and Nishino full of praise for his young charges.
Shahad confident Iraq will get better, Australia"s Arnold satisfied with point
Thu, 28 Oct, 2021
Shahad confident Iraq will get better, Australia"s Arnold satisfied with point
Bangkok: Abdulghani Shahad believes his Iraq team will improve as they go further into the tournament after seeing his side kick of the AFC U23 Championship đất nước thái lan 2020 on Wednesday with a đối chọi draw against Australia.
Mohamed Qasim scored with 13 minutes remaining to lớn cancel out Reno Piscopo’s opener for the Olyroos as both teams picked up a point in their first Group A game at Thammasat Stadium.
