VN, UAE urged to early ratify CEPA in Q1, 2025
VGP - Deputy Prime Minister Bui Thanh Son called upon both Viet Nam and UAE to double effort to finalize and ratify the Comprehensive Economic Partnership Agreement (CEPA) in Q1, 2025.
Deputy Prime Minister Bui Thanh Son (L) and Minister of Economy of the United Arab Emirates (UAE) Abdulla Bin Touq Al Marri (R), Dubai, February 11, 2025 - Photo: VGP/Hai Minh
Bui made the suggestion while meeting with Minister of Economy of the United Arab Emirates (UAE) Abdulla Bin Touq Al Marri on February 11 (local time) on the sidelines of the World Government Summit (WGS) in Dubai.
He treasured Minister Abdulla Bin Touq Al Marri for his contributions to the bilateral ties especially the signing of the CEPA last October.
The Deputy Prime Minister called upon the two sides early ratify the document in Q1, 2025, put it into operation soon and positively disseminate the opportunities and benefits of CEPA for their business communities.
On this occasion, Pham also briefed his host about the economic achievements and investment environment in Viet Nam.
The Deputy Prime Minister also suggested the UAE's Ministry of Economy facilitate the implementation of the commitments between Viet Nam and UAE on the occasion of Prime Minister Pham Minh Chinh's official visit to UAE last October especially in terms of trade and investment. He also hoped to seek UAE's experience in development and national governance.
With experiences in building the world's leading international financial centers and free trade zones, Deputy Prime Minister Bui proposed that UAE support Viet Nam to build institutions and policies to attract investment in the process of building and operating international financial centers in Ho Chi Minh city, Da Nang city and free trade zones in Ba Ria-Vung Tau province as well as Hai Phong city.
In reply, Minister Abdulla Bin Touq Al Marri revealed that the ministry will organize a large-scale investment conference in Viet Nam in a bid to spur economic cooperation and investment opportunities from UAE and the world to Viet Nam.
The host leader also highly spoke of Viet Nam's endeavor to perfect regulations, laws, and business environment and raise national competitiveness.
"A large number of UAE enterprises are interested in Viet Nam and stand ready to cooperate with Vietnamese partners especially in such areas as high tech, AI, energy, infrastructure and seaports," Abdulla Bin Touq Al Marri said.
Finally, the two sides agreed to early organize the 6th Meeting of the Viet Nam - UAE Intergovernmental Committee and the 1st meeting of the Joint Working Group on Economic and Trade Cooperation in 2025./.
