Minister hosts UAE firm seeking business opportunities in Vietnam
Minister of Industry and Trade Nguyen Hong Dien had a working session with leaders of Sirius International Holding of the UAE in Hanoi on December 19 to discuss business and investment cooperation opportunities in Vietnam.
Minister of Industry and Trade Nguyen Hong Dien (fifth from right), other Vietnamese officials, and representatives of Sirius International Holding at the meeting in Hanoi on December 19 (Photo: moit.gov.vn)
Hanoi (VNA) – Minister of Industry and Trade NguyenHong Dien had a working session with leaders of Sirius International Holding ofthe UAE in Hanoi on December 19 to discuss business and investment cooperationopportunities in Vietnam.
Akshay Kumar Mahajan, Director for investment at SiriusInternational Holding – an Abu Dhabi-based subsidiary focusing on digitaltransformation of International Holding Company (IHC), said that within theframework of the recent 28th United Nations Climate ChangeConference (COP28) in the UAE, leaders of his company had a meeting withVietnamese Prime Minister Pham Minh Chinh.
This visit to Vietnam by a delegation of SiriusInternational Holding shows the firm’s wish to promote substantive cooperationwith Vietnamese partners in such potential fields as developing smart grids, carboncredit trading ecosystem and infrastructure, e-commerce, and cryptocurrency, henoted.
Minister Dien said Vietnam has been deeplyintegrating into the world via 16 bilateral and regional free trade agreements,and it is accelerating the negotiation on and signing of a comprehensiveeconomic partnership agreement with the UAE.
He also provided more information about Vietnam’s commitment toachieving net zero emissions by 2050, the development of the energy sector andcarbon credit trading, and e-commerce growth.
Vietnam and the UAE have agreed on the content of the comprehensiveeconomic partnership agreement and plan to sign this deal in early 2024, he said,adding that the agreement is expected to help foster UAE business investmentin the Southeast Asian country.
Minister Dien invited Sirius International Holding to work withVietnamese firms in the fields it is interested in to tap into cooperationopportunities to be generated by the coming agreement.
Akshay Kumar Mahajan expressed his hope to soon find outpotential partners in Vietnam in the time ahead./.
Effective logistics cooperation with the UAE will play a significant role in promoting Vietnam's trade exchange with the Middle East and other regions around the world, Director of the Ministry of Industry and Trade’s Asian-African Market Department Tran Quang Huy said at a workshop in Hanoi on August 14.
Minister of Industry and Trade Nguyen Hong Dien and the United Arab Emirates (UAE)’s Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi co-chaired the fifth meeting of the Vietnam-UAE Inter-Governmental Committee in Hanoi on October 8.
Prime Minister Pham Minh Chinh will attend the 28th UN Climate Change Conference of the Parties (COP28) and have several bilateral activities in the United Arab Emirates (UAE) on December 1 and 2. The visit was made at the invitation of the UAE Government.
Labour cooperation is an important field that helps connect the two economies and bolster the comprehensive collaboration between Vietnam and the UAE, Prime Minister Pham Minh Chinh has said.
Prime Minister Pham Minh Chinh received Minister of State for Foreign Trade at the UAE Ministry of Economy Thani bin Ahmed Al Zeyoudi and representatives of some major enterprises of the country in Dubai on December 3 morning (local time).
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.