Prime Minister Pham Minh Chinh and Vice President/Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum
The UAE was the first comprehensive partner of Vietnam in the Middle East, and the two sides had agreed to enhance the bilateral comprehensive partnership in many areas, including the banking sector.
According to the official statistics, in 2023, the import and export turnover between Vietnam and the UAE reached nearly 4.7 billion USD, an increase of 5.9% as compared to 2022. Particularly, Vietnam’s exports to the UAE reached more than 4 billion USD, and Vietnam’s imports from the UAE was over 676 million USD, an increasing of 4.3% and 16% respectively compared to the year 2023. The UAE has become the biggest trading partner of Vietnam in the Middle East.
The MoU on Cooperation signed by the SBV and the CBUAE would be the premise for the development and maintenance the official information exchanges in order to strengthen the connection between the two sides’ commercial banks, thereby promoting the trade, investment and tourism activities between Vietnam and the UAE, as well as for management experience sharing in the areas of mutual interest.
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