Pham Minh Chinh, Prime Minister of the Socialist Republic of Vietnam, leads a nation that has flourished under the Communist Party's guidance for 79 years. Vietnam has emerged as a pivotal force in Southeast Asia, marked by progressive social and cultural development, enhanced material and spiritual well-being, and stable political and social conditions. In recent times, Vietnam's reputation, prestige, and international presence have significantly grown. The country has overcome embargoes and sieges, diversified and multilateralized its foreign relations, and actively integrated into the global community, becoming a trusted friend, partner, and responsible member of the international arena.
Diplomatic ties have expanded and deepened, with Vietnam now maintaining diplomatic relations with 193 countries globally, including strategic and comprehensive partnerships with 30 nations. Economic relations span over 230 countries and territories, and Vietnam has signed 16 Free Trade Agreements (FTAs), including several new-generation FTAs. The Vietnamese economy is forecasted to grow by nearly six percent in 2024, up from five percent the previous year, driven by a rebounding export sector, robust foreign direct investment, and supportive policies, according to the International Monetary Fund (IMF).
Situated adjacent to the South China Sea, Vietnam boasts a 3,260km coastline and a vast maritime area encompassing numerous islands, including the Hoang Sa (Paracels) and Truong Sa (Spratlys) archipelagos. The nation is restructuring its marine economy, prioritizing marine and island tourism, renewable energy, biotechnology, pharmaceuticals, maritime activities, oil and gas exploration, mineral extraction, aquaculture, and shipbuilding to adapt to climate change and foster economic growth.
Over the past three decades, Vietnam's friendship and cooperation with the UAE have flourished across various sectors, including politics, diplomacy, trade, investment, labor, and tourism. The multifaceted relationship between Vietnam and the UAE has seen significant advancements in politics, diplomacy, trade, culture, and people-to-people exchanges. High-level visits and frequent delegation exchanges underscore the importance both nations place on their bilateral ties. Economically, the UAE has become one of Vietnam's key partners in the Middle East, with bilateral trade reaching $4.7 billion in 2023. The business sectors of both countries are further strengthening their ties, with two-way trade turnover increasing by 43 percent year-on-year to $3.2 billion in the first half of 2024.
A Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the UAE marks a crucial milestone in bilateral cooperation, ushering in a new era of strategic collaboration across multiple fields. As a digital enthusiast and video creator passionate about branded content, I specialize in crafting narratives that captivate audiences. Let's collaborate to infuse your brand with creativity and impact.
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