The freshly-signed Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) will not only mark a breakthrough in bilateral economic and trade cooperation but also serve as a strong impetus to attract substantial investment from the Middle Eastern nation in such sectors as energy, industry, high technology, and supply chain development.

Viet Nam and the United Arab Emirates have signed a Comprehensive Economic Partnership Agreement (CEPA), the first of its kind between Viet Nam and an Arab country.

With their complementary economies, Việt Nam and the United Arab Emirates boast huge potential to further foster investment and trade ties in future, a business forum heard in HCM City on May 9.

Free trade activities are not just gateways for trade and investment cooperation; they also attract resources and facilitate the transfer of modern production technologies. This enables businesses to engage more profoundly in the leading production chains of major global enterprises.

Vietnamese Ambassador to the United Arab Emirates (UAE) Nguyen Manh Tuan has expressed his belief that cooperation between the two countries will enter a new stage of development and become more effective and practical in all spheres.

Minister of Industry and Trade Nguyen Hong Dien and Minister of Energy and Infrastructure of the United Arab Emirates (UAE) Suhail bin Mohammed Al Mazrouei