PM Phuc said Vietnam attaches great importance to the sound friendship and multifaceted cooperation with the UAE, especially in economy. He noted that the UAE is now the biggest trade partner of Vietnam in the Middle East, with an annual bilateral trade value of around 6 billion USD.

Prime Minister Nguyen Xuan Phuc (R) and Executive Director and CEO of the United Arab Emirates’ (UAE) Investment Corporation of Dubai Mohammed Ibrahim Al Shaibani.

The PM believed that after its trip to Vietnam, the Dubai investment firm will develop long-term investment plans in the country.

Shaibani said that following the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, in January 2019, the group started working with Vietnam’s VinaCapital to plan a visit to the country to study cooperation opportunities.

The firm worked with authorities of Quang Nam and surveyed some locations planned for implementing a large-scale resort and entertainment complex project in the central coastal province, which reaped good results, he said.

He added that his group wants to seek reliable partners in Vietnam for long-term business.

Vietnam has many advantages to develop tourism, such as hospitable people and beautiful landscapes, he said.

To attract more international tourists, the Southeast Asian country should invest more in infrastructure development and increase the application of information technology in entry and exit management, Shaibani suggested.

The UAE has a large demand for labour, so he hopes to cooperate with Vietnam to bring its workers to work in the Middle Eastern country, particularly in tourism services and hotels.

PM Phuc said Vietnam has a favourable business environment with improved infrastructure, and the number of international tourists to the country has been on the rise.

The location that the group chose to carry out its project is located near beautiful beaches, world cultural heritage sites, airports, seaports, and key national highways, so the possibility of success is very high, he said.

The PM expressed his willingness to cooperate with the UAE and the Dubai firm to bring Vietnamese guest workers to the country.

He emphasised that the Vietnamese government and ministries are interested in the group’s projects and hope it will expand investment in other fields, such as energy.

Various solutions to improve investment environment

(BGO) – The latest data from the Department of Planning and Investment (DoPI) and the Management Board controlling the industrial parks in the northern province of Bac Giang have proved for a dramatic change in investment attraction.

 

Lenovo Group seeks investment opportunities in Bac Giang

(BGO)- On 19 February, Nguyen Van Linh, Chairman of the provincial People’s Committee of Bac Giang province (PPC) received Bai Ping, CEO of Lenovo Group Ltd and some other members of the Group visiting and seeking investment opportunities in Bac Giang. The delegation was welcomed by leaders of the provincial department of Planning and Investment, the provincial Industrial Zones Authority and the PPC Office.

 

Bac Giang enhances investment attraction and enterprise development

(BGO) – In 2019, Bac Giang province targets at enhancing the investment attraction and totally drawing about 1 – 1.2 billion USD of the newly registered and added capitals in the local area. 

 

Bac Ninh province attracts more investment right on first days

Bac Ninh province, about 60km north of Hanoi, handed over investment licenses and signed land-use contracts with many domestic and foreign investors right on the first days of 2019, according to local authorities.

 

Vietnam remains attractive for investment in 2019: insider

Vietnam will remain an attractive investment destination in 2019, though impacts of the US-China trade tension that triggered a downturn in global stock markets in 2018 will not end soon, said Managing Director and Chief Investment Officer of VinaCapital Andy Ho.

 

Source: VNA