Leaders of Nghe An Industry and Trade sector work in United Arab Emirates and Saudi Arabia

The delegation of the local Department of Industry and Trade was led by Mr. Ngo Quang Trung - Director of the Department. Attending the delegation were leaders of the Department of Industry and Trade of the provinces: Nghe An, Thai Binh, Dak Lak, Phu Tho and representatives of leaders and civil servants of some specialized units under the local Department of Industry and Trade.

Nghe An province was represented by Mr. Pham Van Hoa - Director of the Department of Industry and Trade.

The UAE is divided into seven Emirates (Abu Dhabi, Ajman, Fujairah, Sharjah and Umm al-Quwain, Ras Al-Khaimah and Dubai). The UAE has the second largest economy in the Gulf Cooperation Council (after Saudi Arabia), with a GDP of approximately $415 billion (AED 1.83 trillion) in 2022. The UAE is ranked 26th in the world for best place to do business based on economic and regulatory environment.

The UAE's key industry is oil exploration and processing. Oil production is about 3.046 million barrels/day, exporting 2 million barrels/day. Some other important industries include: Petrochemicals, fishing, aluminum, cement, fertilizers, ship repair, construction materials, shipbuilding, textiles.

The UAE is Vietnam's largest trading partner in the Middle East - North Africa region, and Vietnam's 7th largest export market, after the US, China, Hong Kong (China), Japan, South Korea and Germany. Vietnam is the UAE's largest partner in ASEAN.

In recent years, the UAE has been one of the major investors from the Gulf region in Vietnam with committed projects such as Hiep Phuoc Port, Halong Star Hotel and a number of tourism projects in Da Nang... The UAE ranks 45th out of 148 countries and territories investing in Vietnam with a total of 40 projects, total capital of 71.7 million USD.

There are currently about 3,500 Vietnamese workers working legally in the UAE, mainly in the construction, mechanical, shipbuilding, and service industries...

During their stay in the UAE, the delegation visited and worked with the Embassy and Trade Office of Vietnam in Abu Dhabi to exchange information on the trade, import-export and investment cooperation situation between the UAE and Vietnam.

At the same time, the delegation met and worked with many state management agencies and enterprises in the UAE such as: Sharjah Investment and Development Authority; Sharjah Chamber of Commerce and Industry; Ajman Free Zone Authority; Ajman Chamber of Commerce and Industry; Dubai Industrial City,... to discuss mechanisms and policies for management, encouragement and support for the development of local industry, handicrafts, small and medium enterprises; policies and mechanisms for local industry management, investment attraction policies; needs and industries that UAE enterprises wish to invest in production and business in Vietnam...; introduce, promote and consume handicraft products, industrial and handicraft village products of Vietnam.

In addition, the delegation also surveyed Vietnamese industrial, handicraft and agricultural products at supermarkets and shopping centers in the UAE.

Previously, from September 28 to October 1, 2024, a working delegation of the local Department of Industry and Trade led by Director Ngo Quang Trung visited and worked in Saudi Arabia.

During the working trip, the delegation visited and worked with the Embassy and Trade Office of Vietnam in Saudi Arabia and met with a number of state management agencies in Saudi Arabia such as the Ministry of Industry and Minerals of Saudi Arabia, the Riyadh Chamber of Commerce and Industry, etc. to discuss cooperation on mechanisms and policies for management, encouragement and support for the development of local industry, handicrafts, small and medium enterprises; policies and mechanisms for managing local industrial clusters, investment attraction policies, etc.

Through the working sessions, leaders of the Department of Industry and Trade of Nghe An introduced and promoted handicraft products, typical industrial and handicraft village products of Nghe An and shared information about current industries that need to attract investment in the area...

The delegation also surveyed Vietnamese industrial, handicraft and agricultural products at supermarkets and shopping malls in Saudi Arabia. Some of Vietnam’s export products that are popular in the Saudi Arabian market include: Cashew nuts, rice, lemons, dragon fruit, etc.