On the morning of October 27, Prime Minister Pham Minh Chinh and his wife left Hanoi for official visits to the United Arab Emirates (UAE), the State of Qatar; attended the 8th Future Investment Initiative Conference; and paid a working visit to the Kingdom of Saudi Arabia. (Photo: VNA)

During the visit of the Prime Minister and the Vietnamese high-ranking delegation, many important documents were adopted, including the Joint Statement on upgrading Vietnam-UAE relations to Comprehensive Partnership , the Joint Press Release between Vietnam and Qatar , and 33 cooperation documents in the fields of trade-investment, finance, energy, innovation, standards, measurement and quality, education-training, sports, cooperation between enterprises, etc., creating the basis for promoting cooperation in all fields between Vietnam and the three countries to develop more strongly.

Since establishing diplomatic relations in 1993, Vietnam and the UAE have built a substantive relationship, nurtured and consolidated on the basis of friendship, equality, mutual respect and cooperation for the benefit of the people of the two countries. The two sides share interests and the need for cooperation in new and promising fields and have achieved important achievements, along with many concrete steps forward in many fields such as diplomacy, economy and trade...

During Prime Minister Pham Minh Chinh's official visit to the UAE, the two countries' senior leaders agreed to upgrade bilateral relations to Comprehensive Partnership on October 28, 2024, meeting the aspirations of the leaders and people of the two countries, as well as the desire to contribute to peace, stability, cooperation and development in the region and the world.

Prime Minister Pham Minh Chinh takes a photo with UAE President Mohamed bin Zayed Al Nahyan. (Photo: VNA)

Prime Minister Pham Minh Chinh and UAE President Sheikh Mohamed bin Zayed Al Nahyan agreed on six priority areas of cooperation, including urgently developing action programs to be implemented immediately within the framework of the Comprehensive Partnership; promoting cooperation in innovation, green transformation, digital transformation, and circular economy; creating breakthroughs in bilateral economic, trade, and investment cooperation; cooperating in developing the Halal industry and opening the market for Vietnamese Halal products; enhancing cooperation in labor, culture, tourism, sports, and people-to-people exchange; and closely coordinating, consulting, and supporting each other on regional and world issues at multilateral forums.

The two sides agreed to increase bilateral contacts and exchanges at all levels, including visits by senior leaders of the State, Government, ministries, sectors, and technical working groups. In particular, the role of the Intergovernmental Committee and Deputy Ministerial Political Consultation mechanisms will be promoted; new cooperation mechanisms such as specialized cooperation and cooperation in regional and global initiatives will be promoted. At the same time, cooperation in the fields of defense, security, justice and law will be enhanced in accordance with the laws, needs and capacities of each country.

Prime Minister Pham Minh Chinh holds talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: VNA)

Emphasizing that Vietnam prioritizes attracting investment in projects in the fields of high technology, electronics, semiconductor chips, innovation, artificial intelligence, cloud computing, Internet of Things, etc., Prime Minister Pham Minh Chinh expressed his hope that the UAE will select and connect partners to participate in strong and comprehensive investment cooperation with Vietnam, including cooperation with the National Innovation Center (NIC) of Vietnam. At the same time, with the development experience from the two financial centers of Dubai and Abu Dhabi, support Vietnam in forming a suitable policy framework and development model; participate in the process of building, jointly investing and developing a financial center in Vietnam.

Expressing his delight at the increasing number of Vietnamese workers, UAE President Sheikh Mohammed bin Zayed Al Nahyan affirmed that he would create conditions for Vietnamese people to settle down and support the establishment of a Vietnamese Cultural Center in the UAE. In particular, in the coming time, the UAE President pledged to support the implementation of a number of projects, such as developing a youth football academy in Vietnam and building a financial center in Ho Chi Minh City.

By signing the Comprehensive Economic Partnership Agreement (CEPA), Vietnam and the UAE aim to boost bilateral trade turnover to US$20 billion and enhance trade promotion, implement cooperation activities, including logistics cooperation to deepen connections between businesses of both sides and enhance bilateral trade as well as the ASEAN and Gulf Cooperation Council (GCC) markets.

Prime Minister Pham Minh Chinh and UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum witnessed the signing of the Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the UAE. (Photo: VNA)

Signing the Memorandum of Understanding on the establishment of a Joint Working Group on Economic and Trade Cooperation, the two sides pledged to coordinate in researching and establishing new economic cooperation mechanisms such as the establishment of the Vietnam-UAE Business Council, the Task Force on Investment Cooperation, and the Vietnam-UAE Joint Investment Fund....

Identifying energy transition and green transition as priorities in bilateral relations and pledging to strengthen cooperation based on each side's potential, advantages and the principles of equality and mutual benefit, the two leaders called on the private sectors of the two countries to continue promoting and expanding trade and investment cooperation in the energy sector, including green and renewable energy, liquefied natural gas, oil and gas production, oil refining and petrochemicals.

In the capital Abu Dhabi, businesses from the two countries exchanged 12 cooperation documents in the fields of AI, data center development, energy conversion, aviation, inland waterway transport, seaports, logistics, electric car manufacturing, finance, agriculture, and services.