PM Pham Minh Chinh receives UAE Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber in Abu Dhabi, the UAE, October 29, 2024. (Photo: VNA)

Meeting UAE Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber, Mr. Chinh highlighted Vietnam's energy potential and development strategy, particularly wind and solar energy, and encouraged UAE businesses to collaborate with Vietnam in this sector, including the construction of an oil storage facility.

He urged more cooperation between the two sides in  digital technology and AI.

Minister Jaber, who is also Group CEO of the Abu Dhabi National Oil Company, expressed a strong desire to enhance cooperation with Vietnam across various sectors, especially energy development, including oil refineries, LNG, and renewable energy projects. They showed an interest in establishing a warehousing hub in Vietnam.

PM Pham Minh Chinh and Sheikh Hamad Bin Zayed Al Nahyan, Director of the Abu Dhabi Investment Authority (ADIA).

Receiving Sheikh Hamad Bin Zayed Al Nahyan, Director of the Abu Dhabi Investment Authority (ADIA) the same day, PM Chinh suggested that ADIA collaborate with and support Vietnam in establishing an investment fund for major projects in transportation, climate change, digital transformation, and AI. There is also a need for the development of financial centers in Ho Chi Minh City and Da Nang, free trade zones, and logistics hubs.

He also encouraged ADIA to partner with leading food corporations in Vietnam to contribute to ensuring food security in the UAE.

Sheikh Hamed Bin Zayed Al Nahyan said that ADIA stands ready to initiate cooperative investment projects in Vietnam, particularly in those areas the Vietnamese leader highlighted.

ADIA is willing to provide recommendations and support for Vietnam in establishing and developing investment funds. It will  send a working delegation to Vietnam to turn these ideas on cooperation into reality as soon as possible, he said.