The Middle East’s second largest economy is among Viet Nam’s leading trade and investment partners in the region, with bilateral trade rising from $5.2 billion in 2014 to $6.3 billion in 2017.
Vietnamese should take the initiative to join business forums and
participate in trade fairs and exhibitions in the United Arab Emirates
(UAE) to understand the market, experts have said.
A lack of information about the market and a foreign culture are seen as
hurdles that prevent Vietnamese businesses from trading in Dubai, in
the United Arab Emirates (UAE).
Viet Nam has been implementing economic reforms to open up more
investment and business opportunities for foreign investors, including
those from the United Arab Emirates (UAE) and other Middle Eastern
countries, says Deputy Prime Minister Nguyen Xuan Phuc.
The United Arab Emirates (UAE) -based Nakheel Group plans to resume work
on Ha Long Star project next month, Dau Tu (Investment) newspaper
quoted a source from the provincial People''s Committee.
The United Arab Emirates (UAE) is the biggest importer of Vietnamese
phone and phone accessories, with growth of over 100 per cent
year-on-year since 2010.
Viet Nam''s exports to the United Arab Emirates (UAE) topped US$2.29
billion in the past seven months, up 111 per cent against the same time
last year, according to the Ministry of Industry and Trade''s
Africa-Western Asia-Southern Asia Department.