Vietnam and the United Arab Emirates (UAE) are emerging as close trade partners and strong diplomatic allies. Together, they drive growth and expand opportunities across sectors.
Vietnam & The UAE: Promising Strategic Trade Partner
The UAE is Vietnam’s largest trading partner in the Arab world, and their bilateral trade reached more than US$8 billion in 2022. Annual trade between the two countries has accounted for nearly 25% of Vietnam’s total trade with the region. This solid trade performance highlights the importance of the UAE as a reliable trade partner for Vietnam and confirms Vietnam’s role as a key gateway for the UAE in Asia.
Beyond trade, the UAE is also a major investor in Vietnam. Key projects span energy, infrastructure, real estate, and tourism. Abu Dhabi companies show growing interest in Vietnam’s renewable energy market. In 2022, Abu Dhabi National Energy Co. signed an MoU with Vietnam’s Ministry of Industry and Trade. The focus was on solar and wind energy, marking a step toward cleaner cooperation.
In 2023, the two countries launched negotiations on a Comprehensive Economic Partnership Agreement (CEPA). This agreement is expected to further boost trade, investment, and cooperation across multiple sectors. By building a stronger framework, CEPA will help both nations expand their economic links and attract more opportunities.
Overall, Vietnam and the UAE are strengthening ties as trusted trade partners. Their cooperation now covers politics, diplomacy, investment, labor, and tourism. With new agreements and shared ambitions, both countries are set to shape a future of sustainable growth together.
To explore this partnership, Source of Asia (SOA) collaborates with TTE Gulf Management Consultancy, a leading expert in the Middle East. We provide clear insights and highlight key opportunities for Vietnam and the UAE. Click below and discover more about this growing relationship.
UAE and Vietnam
