Cai Lat port in HCM City. The Falcon Group, which is a major group providing financial services for import and export activities worldwide, has pledged to boost trade between VN and the Middle East. — Photo VNA

HA NOI  (Biz Hub) — The London-based Falcon Group and the Vietnamese Embassy in the United Arab Emirates (UAE) will promote trade between Viet Nam and the Middle East by providing the group's financial services and solutions.

The consensus followed an agreement signed by the two sides in Dubai on September 6.

They agreed to develop an action plan to implement the agreement from October this year by connecting Falcon to Viet Nam's agencies, organisations, associations and businesses, and sharing market information and other trade promotion activities.

"The United Arab Emirates is a strategic market in the Middle East, a transit centre among continents and a gateway for Vietnamese goods to penetrate various foreign markets," Vietnamese Ambassador to the United Arab Emirates Pham Binh Dam said at the signing ceremony.

The United Arab Emirates, meanwhile, is Viet Nam's fifth largest export market, Dam said, underlining the huge import potential for future import-export activities between the two countries.

Thus, Viet Nam has always sought ways to promote trade ties with the United Arab Emirates, while Falcon was a potential partner with rich experience and good financial capacity, he said.

General Director of the Falcon Group Will Nagle said Viet Nam was a market with huge potential, and Falcon's financial solutions would help foster trade ties between the country and the rest of the world.

With its headquarters based in London, Falcon is a major group providing financial services for import and export activities around the world.

Over the past four years, it has provided financial assistance worth up to US$12 billion to enterprises in the Middle East, Asia, Europe and Australia, besides New Zealand. — VNS