Dubai Chamber fully prepared to organize the UAE-Vietnam Business Forum in Hanoi

The UAE-Vietnam Business Forum, organized by the Dubai Chamber, aims at discussing ways of strengthening economic and trade ties between the business communities in the UAE and Vietnam. The forum helps attendants to learn more about the business and investment opportunities available in both countries, discuss areas of commercial cooperation through increasing bilateral trade volumes and consider the type of exported goods that could be absorbed in the markets of both countries.

HE Obaid Humaid Al Tayer, Chairman of Dubai Chamber and head of the UAE businessmen delegation that is accompanying HH Sheikh Mohammed bin Rashid Al Maktoum in his visit to Vietnam, highlighted the importance of the forum in bringing together elite attendants of top UAE businessmen and investors who represent the most distinguished and active economic sectors in the UAE, as well as a number of ministers and leading Vietnamese businessmen who represent different economic sectors such as oil and gas, agriculture, trade and industry.

"Organizing this forum goes in line with Dubai Chamber's commitment to enhance ties of its members and UAE businessmen, with different business communities all over the world. It is part of Dubai Chamber's effort to help the business community improve their activities and benefit from various investment opportunities and explore new markets," said Al Tayer.

He added that the forum would help establish stronger relations between the business communities in the UAE and Vietnam, especially after Vietnam has adopted an open economic policy that copes with global trade requirements.

Before the launch of the forum, the UAE businessmen delegation is going to visit Vinaconex Group, a multi-functional corporation in Vietnam's construction industry that largely contributes to Vietnam's economy. The group was established in 1988 and its basic business was concentrated on managing and exporting construction labors to several countries such as Bulgaria, Russia, Czech and Iraq. The group runs over 70 affiliated units nationwide with more than 40,000 staff.

Vinaconex Group's business achievements helped in increasing its production, turnover and profits to more than 25%. The main business of the group now focuses on several sectors such as real estate and construction, industrial production and exports and imports. The group has strong foreign trade relations with major companies in more than 60 countries worldwide.

The UAE delegation comprises of more than 24 leading businessmen and investors representing a number of major economic sectors such as real estate, construction, engineering, food processing, banking, jewelry, printing and publication, freight forwarding, tour and travel, healthcare, education, oil and gas and others. On the other hand, the forum will be attended by more than 70 Vietnamese businessmen representing sectors like oil and gas, imports and exports, manufacturing and trading of textiles, investment protection, financial consultancy, manufacturing, real estate, agriculture, transportation and logistics services.