(VEN) - The United Arab Emirates (UAE) and Kuwait are becoming attractive destinations for Vietnamese businesses given the demand by their well-to-do residents for agricultural products, seafood, oil and other commodities. Vietnam’s traditional agricultural products such as coffee have gradually confirmed their position in the UAE market Cooperation opportunities The UAE and Kuwait, two of the six Gulf Cooperation Council (GCC) nations, hold great potential for trade and investment cooperation with Vietnam. The UAE is Vietnam’s largest trading partner in West Asia and Vietnam’s 17th largest export market, buying major Vietnamese exports such as farm products, tropical vegetables and fruits, and seafood. Vietnamese Ambassador to the UAE Trinh Vinh Quang said Vietnam is now a gateway for UAE firms to access the ASEAN market, while the UAE is a gateway for Vietnam to expand to the Middle East. The UAE is the top global re-exporter of rice … [Read more...] about Trade growing between Vietnam, the UAE and Kuwait
Uae
UAE businesses encouraged to expand investment in Vietnam
The Deputy PM made the statement during a reception on October 17 for Naser Al Hajri, Senior Vice President in charge of Southeast Asia operations at Mubadala Petroleum, a UAE oil and gas company with a primary geographical focus on the Middle East and Southeast Asia. Deputy PM Dung stated that the Vietnam-UAE relationship is developing well and the two sides have become important partners in the pillars of economic, trade and investment cooperation. The UAE currently has a multitude of investment projects in Vietnam while many Vietnamese are living and working in the UAE, making important contributions to the country’s socio-economic development. Praising Mubadala Petroleum’s current performance, Deputy PM Dung asked the company to continue expanding their business in renewable energy, in addition to oil. For his part, Naser Al Hajri said he expected further and closer cooperation with domestic and foreign partners in order to expand the company’s oil extraction … [Read more...] about UAE businesses encouraged to expand investment in Vietnam
Gov’t facilitates UAE investors’ investment expansion in VN
Deputy PM Trinh Dinh Dung receives the Mubadala Petroleum (MP)'s Senior Vice President at Southeast Asia Naser Al Hajri on October 17 in Ha Noi - Photo: VGP/Nhat Bac Deputy PM Trinh Dinh Dung made that statement at his reception for the MP’s Senior Vice President at Southeast Asia Naser Al Hajri on October 17 in Ha Noi. At the meeting, the Deputy PM highly spoke of the fruitful development in Viet Nam-UAE relations in such pillars of economics, trade and investment. Welcoming and appraising the MP’s achievements and investment initiatives in Viet Nam in the time ahead, Mr. Dung suggested the corporation continue expanding investment in other oil and gas fields and renewable energy in form of new investment modes or cooperation with foreign and domestic firms operating in Viet Nam. For his side, Mr. Naser Al Hajri expressed his concerns … [Read more...] about Gov’t facilitates UAE investors’ investment expansion in VN
UAE firms encouraged to expand investment in Vietnam
Deputy Prime Minister Trinh Dinh Dung (right) and Naser Al Hajri, Mubadala Petroleum’s Senior Vice President for Operations in Southeast Asia. (Photo: VNA) Hanoi (VNA) – The Vietnamese Government will create favourable conditions for Mubadala Petroleum and other enterprises of the United Arab Emirates (UAE) to invest and expand business in Vietnam, said Deputy Prime Minister Trinh Dinh Dung. Dung made the pledge at a reception in Hanoi on October 17 for Naser Al Hajri, Mubadala Petroleum’s Senior Vice President for Operations in Southeast Asia, during which he applauded the company’s achievements as well as its future investment initiatives in Vietnam. The Deputy PM suggested Mubadala Petroleum expand its investment in other oil and gas blocks, and other areas such as renewable energy by launching new projects or cooperating with domestic and foreign firms in Vietnam. Highlighting the fruitful relationship between Vietnam and the UAE, Dung said the two … [Read more...] about UAE firms encouraged to expand investment in Vietnam
UAE to try British student on spying charges: reports
The United Arab Emirates is to try a British PhD student detained in May on charges of spying, local media reported Monday, after London raised concern over his case. Matthew Hedges, a 31-year-old who was researching the UAE's foreign and internal security policies after the 2011 Arab Spring revolutions, was detained at Dubai airport on May 5. He is to stand trial in the Emirati capital of Abu Dhabi "on charges of spying for a foreign country, jeopardising the military, political and economic security of the state", attorney general Hamad al-Shamsi said, quoted by local media. Shamsi, without giving a trial date, said the charges were "based on legal evidence and findings from investigations that were carried out by the public prosecution". Hedges had been posing as a researcher to cover his activities, he said, adding that the accusations were backed by "information taken from his electronic devices". British Foreign Secretary Jeremy Hunt told AFP last week that he was "very … [Read more...] about UAE to try British student on spying charges: reports