Welcoming the Minister of State and business leaders from sectors such as logistics, energy, minerals, food, investment funds, finance, and banking, PM Chính commended the progress in CEPA negotiations and highlighted the role of Al Zeyoudi as the UAE's chief negotiator.

Prime Minister Phạm Minh Chính (right) and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi. — VNA/VNS Photo

Congratulating the UAE on its remarkable achievements, particularly in economy, the PM expressed Việt Nam's eagerness to learn from the UAE's experiences.

Việt Nam values its multifaceted friendship and cooperation with the UAE, one of its leading economic partners in the Middle East, he said.

Both sides expressed their delight at the recent positive development of the bilateral ties, with regular exchanges of all-level delegations and two-way trade estimated at nearly US$4 billion in the first seven months of this year, up 47 per cent year on year

They expressed determination to further bolster comprehensive cooperation and elevate the bilateral relations by finalising and signing the CEPA.

PM Chính suggested facilitating cooperation and investment between businesses of both countries, considering the possibility of reducing tariffs on certain goods to leverage complementary strengths of their economies, aiming for a two-way trade target of $10 billion.

Both sides need to work closely to realise the agreements already reached, well prepare for the 6th meeting of the Inter-Governmental Committee in 2025, and step up cooperation in the energy, oil and gas sectors, he said.

They should also enhance collaboration in developing the Halal food industry, promoting the Vietnamese export of Halal products, seafood, fresh fruits, and processed foods to the UAE and the Middle East, PM Chính said, encouraging the UAE to support the establishment of an international financial centre in HCM City and invest in other sectors.

As both sides should enhance collaboration in labour, culture, sports, tourism, and people-to-people exchanges through easing visa requirements and launching direct flights, he said Việt Nam would step up its efforts to train human resources to meet the UAE's needs.

PM Chính noted that Việt Nam is ready to serve as a bridge for the UAE to strengthen cooperation with the Association of Southeast Asian Nations (ASEAN), while considering the UAE as a gateway to foster collaboration with the Middle East.

Al Zeyoudi updated the PM on the CEPA negotiations, assuring that UAE ministries and agencies are actively working with Vietnamese counterparts to finalise and sign the agreement.

The UAE wants to strengthen collaboration with Vietnamese firms to produce and process Halal food, he said, adding that the UAE plans to establish a council of business cooperation with Việt Nam to deepen and improve the effectiveness of Việt Nam-UAE cooperation, particularly in trade and investment.