Sheikh Mohammed bin Rashid Al Maktoum Welcomes Vietnam PM Pham Minh Chinh to Dubai
On October 28, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, hosted Vietnam’s Prime Minister Pham Minh Chinh at Zabeel Palace in Dubai. The meeting marked an important step in UAE-Vietnam relations, which have been strong since 1993. The UAE is Vietnam’s largest trading partner in the Middle East, with non-oil trade exceeding USD 12 billion last year.
During the visit, a Comprehensive Economic Partnership Agreement (CEPA) was signed to enhance trade and cooperation. This agreement aims to simplify customs, encourage fair trade, and improve market access for UAE service providers in Vietnam. The UAE’s non-oil trade target is AED 4 trillion by 2031, and this partnership is expected to contribute significantly.
Both leaders discussed expanding cooperation in tourism, investment, industry, and technology. They emphasized the importance of mutual investments and creating opportunities for businesses in both countries. The meeting also addressed regional and international developments, highlighting the need for global peace efforts.
Several agreements and MoUs were signed to boost cooperation in various sectors, including education, scientific research, and logistics. These agreements aim to foster innovation and strengthen ties between the two nations.
Doubts Revealed
Sheikh Mohammed bin Rashid Al Maktoum -: Sheikh Mohammed bin Rashid Al Maktoum is the ruler of Dubai, which is a city in the United Arab Emirates (UAE). He is an important leader in the UAE and helps make decisions for the country.
Vietnam PM Pham Minh Chinh -: Pham Minh Chinh is the Prime Minister of Vietnam, which means he is the head of the government in Vietnam. He helps make important decisions for his country.
Dubai -: Dubai is a city in the United Arab Emirates, which is a country in the Middle East. It is known for its modern buildings and being a big business hub.
UAE-Vietnam relations -: UAE-Vietnam relations refer to the relationship between the United Arab Emirates and Vietnam. This includes how they work together in areas like trade, tourism, and technology.
Comprehensive Economic Partnership Agreement -: A Comprehensive Economic Partnership Agreement is a deal between countries to work together more closely in business and trade. It helps them trade more easily and benefit from each other’s strengths.
Middle East trading partner -: A trading partner is a country that another country does a lot of business with. The UAE is Vietnam’s largest trading partner in the Middle East, meaning they trade a lot of goods and services with each other.
Tourism -: Tourism is when people travel to different places for fun, to see new things, or to learn about different cultures. Countries often work together to make it easier for tourists to visit.
Investment -: Investment is when people or companies put money into something, like a business, to help it grow and make more money in the future. Countries encourage investment to help their economies grow.
Technology -: Technology refers to the use of scientific knowledge for practical purposes, like making new gadgets or improving how things work. Countries often share technology to help each other advance.
Logistics -: Logistics is the process of planning and managing how goods are moved from one place to another. It is important for trade and business because it helps get products to where they need to be.
