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PM Pham Minh Chinh (right) shakes hands with Chairman of Prime Group Tamer Wagih Salem on October 27. |
The guests included Chairman of Prime Group Tamer Wagih Salem, Managing Director and Group CEO of Abu Dhabi Ports Group Mohamed Juma Al Shamisi, NMDC Energy CEO Niels De Bruijn, and CEO of Emirates Driving Company Khaled Al Shemeili.
They stressed that Vietnam boasts huge potential in the development of their industries and expressed their hope that the Vietnamese Government will create favorable conditions for UAE firms to land investments in Vietnam, including cooperation projects with private conglomerate Vingroup.
Speaking highly of the robust business results of the UAE firms over the recent past, PM Chinh stressed that although the relations between Vietnam and the UAE have been thriving in various sectors, the investment cooperation activities have not yet matched the potential and there is huge room for development in the coming time.
PM Chinh underscored that the Southeast Asian country is carrying out three strategic breakthroughs of completing mechanisms, training human resources, and branching out strategic infrastructure, comprising expressways, high-speed railways, airports and seaports.
Bestowed with a coastline of 3,000 kilometers, Vietnam has issued a master plan on the development of sea ports for the 2021-2030 period with a vision to 2050, aiming to form a synchronous and modern seaport system with high-quality services meeting socio-economic development requirements, he stated, adding such seaports as Lach Huyen, Lien Chieu, Thi Vai - Cai Mep and Can Gio will not only serve the Vietnamese economy, the world’s 20th largest in trade volume, but also become a transshipment hub of the Southeast Asian region and the world.
The Prime Minister suggested Abu Dhabi Ports Group and NDMC, with their experience in port management, support the Vietnamese government and enterprises in achieving the above-mentioned goals. He welcomed these groups’ cooperation plans with Vingroup, describing it as a smart choice and a strategic vision. He expressed his hope that this partnership will continue to grow, further promoting economic ties between the two countries in the near future.
The Vietnamese Government leader also urged Vinfast and Emirates Driving to boost their collaboration in advancing green growth and sustainable development in Vietnam, aiming to fulfill the country’s net-zero emissions commitment by 2050 made at the 26th United Nations Climate Change Conference (COP26). He expressed a desire for their cooperation plan in establishing an electric vehicle manufacturing plant to be materialized soon.
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At the reception on October 27 |
The PM asked Prime Group to leverage its extensive network of partners to bring reputable and capable investors to Vietnam to explore investment opportunities.
He noted that Vietnam is focusing on development based on science, technology, innovation, digital transformation, green transition, circular economy, knowledge economy, and sharing economy, especially in emerging fields such as semiconductor chips, cloud computing, and Internet of Things (IoT). He said he hopes that UAE enterprises will promote collaboration and investment in these areas.
Vietnam is promoting the deployment of oil and gas projects, and developing gas-fired, offshore wind and solar power, Chinh said, hoping for investment cooperation from UAE companies as this is an area of their strength.
Regarding Vietnam's development goals towards the 100th founding anniversary of the Communist Party of Vietnam and the 100th founding anniversary of the country, the Prime Minister said that Vietnam will push ahead with tasks and solutions to usher in a new era of development, including improving the investment environment, establishing investment funds, developing infrastructure, and promoting smart governance.
He affirmed that the country will create all possible favorable conditions for UAE investors to conduct effective and sustainable business in Vietnam, contributing to the prosperity of both nations, their regions, and the world at large.
Source: VNA