Vietnam UAE

Vietnam and the United Arab Emirates (UAE) have maintained diplomatic relations since 1990, and have developed a strong relationship over the years. The two countries have a wide range of bilateral agreements and cooperate in many areas, including trade, investment, education, and security.

Both countries have also signed agreements on the avoidance of double taxation, the promotion and protection of investments, and the avoidance of fiscal evasion with respect to taxes on income. Furthermore, the UAE has been a strong supporter of Vietnam’s accession to the World Trade Organization.

Vietnam and the UAE have also sought to strengthen their relations through cultural exchanges, with a series of cultural events being held in both countries. In 2014, the Vietnamese Ministry of Culture and the UAE Embassy in Vietnam co-organized the Vietnam-UAE Culture Week, which featured a variety of activities such as art exhibitions, music performances, and film screenings. The event aimed to promote mutual understanding and friendship between the two countries.

The UAE is one of Vietnam’s largest trading partners in the Middle East. In 2017, bilateral trade between the two countries amounted to over US$6 billion, with UAE exports to Vietnam totaling US$3.3 billion and imports from Vietnam totaling US$2.7 billion. Vietnam’s main exports to the UAE include apparel, seafood, furniture, and machinery and equipment. The UAE is also one of the top five sources of foreign direct investment (FDI) in Vietnam, with total FDI from the UAE reaching US$2.4 billion as of 2018.

In addition to trade, the two countries have sought to foster closer ties through educational exchanges. The UAE has supported Vietnam’s efforts to enhance its human resource capacity, with the UAE providing scholarships to Vietnamese students to study in the UAE. In 2014, the UAE also established the Vietnamese Language Program, a specialized language institute in Dubai that offers Vietnamese language courses to Emiratis and expatriates.

The UAE is also playing a role in helping to develop Vietnam’s infrastructure. In 2017, the Abu Dhabi Fund for Development (ADFD) and the Vietnam government signed a US$500 million loan agreement to support the development of Vietnam’s transport infrastructure. In addition, the two countries have also discussed the possibility of establishing a joint venture between a UAE firm and the Vietnam Oil and Gas Corporation (Vinacomin) to explore and develop oil and gas resources in Vietnam.

Vietnam and the UAE have also strengthened their security ties in recent years. In 2017, the UAE became the first Arab country to establish a defense attaché office in Vietnam. The two countries have also held a number of joint military exercises, including the “Eagle Strike” exercise in 2018, which focused on counterterrorism and search and rescue operations.

In sum, Vietnam and the UAE have developed a strong and multifaceted relationship in recent years, with both countries cooperating in areas such as trade, investment, education, and security. The two countries have also sought to strengthen their ties through cultural exchanges and educational exchanges. The UAE has also been a major source of FDI in Vietnam and has provided support for Vietnam’s infrastructure development and security. As the relationship between Vietnam and the UAE continues to grow, it is likely that the two countries will continue to develop closer ties in the future.

Eventually

In 2014, the Vietnamese Ministry of Culture and the UAE Embassy in Vietnam co-organized the Vietnam-UAE Culture Week, which featured a variety of activities such as art exhibitions, music performances, and film screenings. In 2017, bilateral trade between the two countries amounted to over US$6 billion, with UAE exports to Vietnam totaling US$3.3 billion and imports from Vietnam totaling US$2.7 billion. In sum, Vietnam and the UAE have developed a strong and multifaceted relationship in recent years, with both countries cooperating in areas such as trade, investment, education, and security.

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