Vietnam, UAE advised to tap logistics cooperation potential
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.
Director of the Ministry of Industry and Trade’s Asian-African Market Department Tran Quang Huy speaks at the event. (Photo: VNA)
Hanoi (VNA) – 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.
The workshop on exploring the potential for such collaboration between the two countries was co-organised by the ministry and the World Logistics Passport (WLP) – a global initiative led by Dubai – amidst the sides’ celebration of their 30th anniversary of diplomatic relations.
At the event, UAE Ambassador to Vietnam Bader Abdulla Al Matrooshi highlighted that the UAE is Vietnam's largest export market in the Middle East, while Vietnam ranks among the top 10 largest import partners of the UAE globally. Between 2018 and 2022, their bilateral trade was kept at 5 billion USD annually, accounting for about 25% of the total import-export turnover between Vietnam and the Middle East.
Manager of the WLP Global Hubs and Partners Abdulla Alsuwaidi assessed that Vietnam, strategically positioned as a transit and production centre in Southeast Asia, will be an important Hub within the WLP network. The WLP has added the nation to its list of logistics and trade hubs in the region, referred to as Hubs.
The workshop saw the signing of cooperation agreements between the WLP and nine Vietnamese business partners.
Huy expressed his hope that through collaboration activities with the WLP, Vietnamese firms and organisations will gain significant benefits in cargo transport and logistics and expand operations, serving better competitiveness of Vietnam's import-export goods and services.
The WLP is a global, private sector-led, initiative designed to smooth the flow of global trade, unlock market access through the creation of new trade routes and provide economic efficiencies to members. To date, 29 countries have registered to participate in the network./.
The bilateral relationship between Vietnam and the United Arab Emirates (UAE) has flourished across fields, from politics and diplomacy to trade, investment, labour and tourism, over the last three decades since they set up diplomatic ties on August 1, 1993.
State President Vo Van Thuong has exchanged greetings with President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan on the 30th anniversary of the establishment of the Vietnam-UAE diplomatic ties (August 1, 1993-2023).
Economic cooperation has always been a crucial pillar and bright spot in the bilateral relationship between Vietnam and the United Arab Emirates (UAE), Vietnamese Ambassador to the UAE Nguyen Manh Tuan told the Vietnam News Agency.
An agriculture business association between Vietnam and the United Arab Emirates (UAE) needs to be established to facilitate bilateral cooperation in this field, Deputy Minister of Agriculture and Rural Development Phung Duc Tien told at a regular press conference held by the ministry on August 1.
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.
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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.
Director of the Ministry of Industry and Trade’s Asian-African Market Department Tran Quang Huy speaks at the event. (Photo: VNA) 
