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Economics

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Vietnam eyes business opportunities in UAE

The Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT) plans to organise a trip for businesses to Dubai, the United Arab Emirates (UAE) in order to aid them in developing markets, promoting exports and strengthening trade ties from between December 10 and 15.

The trip's aim is to help Vietnamese businesses analyze markets, seek business partners and introduce their products in order to boost Vietnam's exports with a focus on key products such as rice, coffee, pepper and chemicals amongst others being exported to the UAE.

According to statistics from the General Department of Vietnam Customs, total import-export turnover between Vietnam and UAE in 2017 surged by 2.6% to US$5.6 billion compared to 2016 with more than US$5 billion in export turnover and US$562 million in import turnover.

During the trade mission in Dubai, the MoIT will co-ordinate with relevant units to organise a Vietnam-UAE business forum in Dubai and attend the China Homelife Dubai Expo.

Additionally, the MoIT will also survey wholesale markets and work together with large associations and companies in the UAE with the purpose of setting up business partnerships to bolster Vietnam's exports to the Western Asia market.

VOV

Tags: Vietnam UAE

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