(VOVWORLD) - Vietnam and the United Arab Emirates (UAE) agreed to share expertise in attracting foreign capital, strengthening legal frameworks, and training human resources to support the development of Vietnam’s planned International Financial Center, officials said this week.
 Deputy PM Nguyen Hoa Binh and his UAE counterpart Al Maktoum (Photo: VNA) |
The commitment was announced during talks between Deputy Prime Minister Nguyen Hoa Binh and UAE counterpart Al Maktoum during Mr. Binh’s working trip to the UAE from Tuesday to Friday.
Deputy PM Binh said Vietnam will create favorable conditions for UAE investors and financial institutions. Deputy PM Sheikh Maktoum said approval procedures for the Viet Nam–UAE Comprehensive Economic Partnership Agreement will be completed soon.
At a separate meeting with UAE Minister of Cabinet Affairs Mohammed Al Gergawi, Mr. Binh said Vietnam values the UAE’s experience in institutional reform and financial hub development. The two sides agreed to maintain policy exchanges, share governance experience, and strengthen ties between their financial centers.
During his visit, the Vietnamese leader also met senior executives from the G42 Group, Bybit, Binance, and Emaar, major firms in digital assets and real estate. He witnessed the signing of a memorandum of understanding between Binance and the People’s Committee of Da Nang on blockchain and digital asset development.