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Officials of Vietnam, UAE vow to foster trade, investment ties

Vietnam and the United Arab Emirates (UAE) have pledged to promote their bilateral comprehensive cooperation, especially in trade, investment, financial, banking and labor.

Vietnam and the United Arab Emirates (UAE) have pledged to promote their bilateral comprehensive cooperation, especially in trade, investment, financial, banking and labor.
Vietnam and the United Arab Emirates (UAE) have pledged to promote their bilateral comprehensive cooperation, especially in trade, investment, financial, banking and labor.

The pledge was reached at the talks between visiting Deputy PM Nguyen Xuan Phuc and his UAE counterpart Sheikh Mansour Bin Zayed Al Nahyan in Abu Dhabi on Tuesday.

At the meeting, host and guest affirmed their determination to raise two-way trade to a more impressive figure.

They also agreed to increase the exchange of delegations at all levels and vowed to continue close coordination and mutual support at international forums.

The Vietnamese official told his host that Vietnam sees the UAE as one of its top partners in the Middle East. He affirmed that Vietnam will facilitate UAE investors in doing business in Vietnam.

The UAE should encourage its businesses to invest more in Vietnam in such fields as banking, finance, hospitability, tourism, energy, and oil and gas, he said.

Deputy PM Phuc also asked the UAE to help Vietnam build a labor training center to improve skills for Vietnamese workers who work in the Middle East.

The UAE Deputy PM said will direct relevant ministries and agencies to effectively realize all reached agreements and back joint projects in economy, finance, banking and labor.

With two-way trade hitting $4.46 billion in 2013, a rise of 80 percent from the previous year and 63 times higher than that of 2002, the UAE is one of the leading economic partners of Vietnam in the Middle East and North Africa.