vietnam chamber of commerce & industry
Posted: 04-09-2007 , 12:35 GMT
dubai chamber signs mou with vietnam chamber of commerce & industry
Dubai Chamber of Commerce & Industry yesterday (Tuesday) signed a Memorandum of Understanding (MoU) with the Vietnam Chamber of Commerce & Industry in Hanoi, as part of the official visit schedule of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to Vietnam. HH Sheikh Mohammed leads a high-ranking delegation of sheikhs, ministers and businessmen to Vietnam with the objective of boosting bilateral economic, trade and investment relations between the UAE and Vietnam on the government and private levels.
The MoU was signed by H.E. Obaid Humaid Al Tayer, Chairman of Dubai Chamber of Commerce & Industry, and HE Dr. Vu Tien Loc, Chairman of Vietnam Chamber of Commerce & Industry.
The agreement stressed the need for activating and enhancing economic cooperation and commercial promotion between the two chambers of commerce, opening new channels of contact between their members and businessmen with the aim to generate effective economic partnerships, exchanging information about trade and customs legislations in both countries, participating in trade fairs and economic conferences, encouraging visits of trade delegations and missions, enhancing trade volumes, setting up joint ventures, as well as introducing and benefiting from the investment opportunities available in both countries and in different economic sectors.
Al Tayer, who is also heading the UAE Businessmen Delegation accompanying His Highness Sheikh Mohammed to Vietnam, highlighted the importance of the MoU signed between Dubai Chamber and Vietnam Chamber as one of the anticipated achievements of the UAE delegation’s visit. He stressed the agreement’s main objectives in boosting the economic and trade cooperation, increasing the values of bilateral trade and attracting Vietnamese investments to the UAE.
“Signing the MoU between Dubai Chamber and the Vietnam Chamber prompts us to introduce the Vietnamese companies to the investment opportunities available in the UAE, Dubai in particular, in the fields of banking, finance, services and logistics, benefiting from the investment incentives, facilities and outstanding services that Dubai Government and Dubai Chamber offer to local and foreign investors,” Al Tayer added.
He noted that the signing of the MoU would help strengthen the commercial ties between the two business communities in Vietnam and Dubai, as Dubai’s total non-oil foreign trade with Vietnam reached AED 1.14 billion in 2006 ($ 312.5 million).
HE Dr. Vu Tien Loc, Chairman of Vietnam Chamber of Commerce & Industry, stressed the importance of the MoU signed with Dubai Chamber due to its expected impact on the development of the bilateral trade ties between the business communities in both countries. He highlighted the importance of establishing economic partnership between the two countries due to the significant strategic location of the UAE and Dubai as one of the international business hubs in the region, especially in trade, finance and logistics sectors.
“Signing the MoU with Dubai Chamber would help enhance our bilateral relations and introducing the Vietnamese business community to Dubai which enjoys an ideal environment for investment. The agreement would be a key driver that motivates further coordination and cooperation between the two chambers and the Vietnam Trade Office, Vietnamese Trade Center and the Consulate General of Vietnam in Dubai, for the purpose of improving bilateral trade between the two countries,” said Dr. Loc.
© 2007 Al Bawaba (www.albawaba.com)
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