PM Pham Minh Chinh calls on UAE firms to invest in various fields in Vietnam
PM Pham Minh Chinh calls on UAE firms to invest in various fields in Vietnam
Prime Minister Pham Minh Chinh has affirmed that the Vietnamese government will welcome and support UAE investors in doing business in Vietnam, with a suggested focus on seaports, expressways, and green energy.
Vietnamese Prime Minister Pham Minh Chinh (L, 4th) and leaders of four UAE firms – Prime Group, Abu Dhabi Ports Group, NMDC Energy, and Emirates Driving Company – pose for a photo when they met in UAE on October 27, 2024. Photo: N.Kh. |
PM Chinh made the announcement while meeting with representatives of four major UAE corporations in Abu Dhabi on Sunday during his three-day official visit to the country.
The four entrepreneurs are Tamer Wagih Salem, chairman of Prime Group; Mohamed Juma Al Shamisi, managing director and group CEO of Abu Dhabi Ports Group; Niels De Bruijn, CEO of NMDC Energy; and Khaled Al Shemeili, CEO of Emirates Driving Company.
These firms are involved in infrastructure development and management, seaports, logistics, industrial parks, transport, and strategic consultancy.
The four representatives shared their plans for cooperation with Vietnamese partners with PM Chinh, referring to Vietnam's immense potential for future investment projects.
The executive from Abu Dhabi Ports Group also revealed a specific scheme to open an office in Vietnam, among other initiatives.
Highly appreciating the business achievements of the UAE firms, PM Chinh said there is huge space for them to flourish with Vietnamese partners in the coming time given the great potential for multifaceted economic ties between the two nations.
He also welcomed and supported their plans to beef up cooperation with Vingroup, considering it a smart choice with a strategic vision that will contribute to promoting economic relations between the two countries.
PM Chinh affirmed that the Vietnamese government, based on the principles of ‘open policies, smooth infrastructure, and smart governance,’ will create favorable conditions for UAE investors to operate efficiently and sustainably.
He also told the business leaders that Vietnam is carrying out three strategic breakthroughs, including perfecting institutions, enhancing the quality of human resource training, and expanding strategic infrastructure including but not limited to expressways, high-speed railways, airports, and seaports.
Bestowed with a coastline of over 3,000 kilometers, Vietnam has issued a master plan on the development of seaports for the 2021-30 period with a vision to 2050, aiming to form a synchronous and modern seaport system with high-quality services meeting socio-economic development requirements.
PM Chinh said that seaports such as Lach Huyen in Hai Phong City, Lien Chieu in Da Nang City, Cai Mep-Thi Vai in Ba Ria-Vung Tau Province, and Can Gio in Ho Chi Minh City, currently under construction, are poised to boost not only Vietnam's economy but also serve as a key transshipment hub for Southeast Asia and beyond.
He encouraged Abu Dhabi Ports Group and NMDC Energy, with their port management expertise, to collaborate on these infrastructure projects and help Vietnam finalize the master plan.
The Vietnamese government leader urged Emirates Driving Company and Vingroup’s carmaker VinFast to boost collaboration in advancing green growth and sustainable development in Vietnam, contributing to meeting the country’s net-zero emissions commitment by 2050, according to the Vietnam News Agency.
He expressed his desire that their cooperation in setting up an electric vehicle manufacturing plant will be realized soon.
The prime minister encouraged NMDC Energy to deepen its collaboration with Vietnamese partners, including the Vietnam National Oil and Gas Group (PetroVietnam), in areas like gas exploration, offshore wind power, and sea reclamation projects.
He suggested that Prime Group, a leading global IT consulting and engineering firm, could act as a bridge, connecting reputable investors with business opportunities in Vietnam.
PM Chinh also urged UAE corporations to invest in Vietnam across diverse sectors, including science, technology, innovation, digital transformation, green transition, circular and knowledge-based economies, as well as emerging fields like semiconductor chip production, cloud computing, and the Internet of Things (IoT).
