To push forward its three strategic breakthroughs in institutions, infrastructure, and human resources, with a particular focus on strategic transportation and energy infrastructure, Vietnam is actively inviting foreign investment, especially from capital-rich regions like the Middle East. Seeking opportunities Vietnam’s Prime Minister Pham Minh Chinh recently visited three Middle East nations—the United Arab Emirates (UAE), Qatar, and Saudi Arabia, where he also attended the 8th Future Investment Initiative conference (FII 8th Edition). This visit at the end of October 2024 was of particular significance. Aside from officially elevating relations with the UAE to a comprehensive partnership and signing the Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA), investment attraction took center stage in discussions with these countries. Vietnam aims to drive strategic breakthroughs in institutions, infrastructure, and human resources, especially in transportation infrastructure such as airports, seaports, and highways, requiring substantial investment capital. PM Chinh encouraged major corporations like Abu Dhabi Ports and NDMC in the UAE to explore and strengthen cooperation and investment in these areas. The Abu Dhabi Investment Authority (ADIA), the fourth-largest sovereign wealth fund globally, expressed its willingness to invest in Vietnam, particularly in sectors of mutual interest and experience. ADIA plans to send a delegation to Vietnam […]
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