The Deputy PM said relations between Vietnam and the UAE are growing well as the two countries have become important partners of each other based on cooperation pillars in economy, trade and investment.

The UAE is currently a major trade partner and has invested in many projects in Vietnam, he said.

There are also a large number of Vietnamese people in the UAE, and they have been contributing greatly to the host nation’s socio-economic development, Dung added.

At the meeting, Bakheet highlighted Mubadala Petroleum’s wish to continue working closely with Vietnamese and international partners to expand investment in oil and gas exploitation in the Southeast Asian country.

Deputy Prime Minister Trinh Dinh Dung (R) receives CEO of Mubadala Petroleum Bakheet Al Katheeri in Hanoi on October 31.

He added Mubadala Petroleum also hopes to invest in other fields like renewable energy and pharmaceutical industries.

Applauding Mubadala Petroleum’s achievements and investment ideas in Vietnam, Dung asked the group to increase its investment in more oil and gas wells and engage in other areas like renewable energy through new investment forms or partnerships with Vietnamese and foreign businesses.

The Vietnamese Government will provide the best possible conditions for Mubadala Petroleum, as well as other UAE enterprises, to invest and do business in Vietnam, thus bringing success to all parties, he affirmed.

Vietnam, UAE have potential for long-term cooperation

Vietnam and the United Arab Emirates (UAE) possess the potential for long-term and supplementary cooperation for mutual development, Party General Secretary and State President Nguyen Phu Trong has said.

PM calls on UAE firm to expand investment in Vietnam

Prime Minister Nguyen Xuan Phuc encouraged the United Arab Emirates’ (UAE) Investment Corporation of Dubai to expand investment in Vietnam, while hosting the group’s Executive Director and CEO Mohammed Ibrahim Al Shaibani in Hanoi on March 25.

Vietnamese firms join world’s largest food, beverage fair in UAE

Twenty Vietnamese enterprises will showcase their products at the 24th edition of Gulfood – the world’s largest annual food & beverage trade exhibition – in Dubai, the United Arab Emirates, from February 17-21.

Foreign investment disbursement reaches 23.2 percent

Disbursement of foreign capital for infrastructure construction only reached 23.2 percent of the plan as of October 15, 2019, reported the Finance Ministry on October 23.

Bac Giang licenses 155 new investment projects

(BGO) – Bac Giang province have licensed and adjusted 189 investment projects for 10 months in 2019 with total newly registered and added capital of nearly 1,100 million USD, nearly doubling the same period last year.

Source: VNA