Prime Minister Pham Minh Chinh and Vice President and Prime Minister of the United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum witness the signing of the Comprehensive Economic Partnership Agreement. (photo: Vu Khuyen)

They pledged to facilitate the exchange of all-level delegations to foster greater political trust, and establish joint working groups for the effective implementation of the Comprehensive Partnership.

A priority is the effective implementation of the Comprehensive Economic Partnership Agreement (CEPA), aiming to create significant breakthroughs in trade and further open markets. They also pledged to encourage and facilitate mutual investment, and create lucrative business opportunities for enterprises from both countries.

They will strengthen cooperation and mutual support at multilateral forums, given that both nations share many common viewpoints on regional and international issues. They agreed to enhance cooperation in digital transformation, green energy, innovation, creativity, people-to-people exchange, culture, and tourism.

Following their talks, they witnessed the signing of the CEPA - Vietnam’s first free trade agreement (FTA) with an Arab nation. With its comprehensive negotiation content, the CEPA promises to bring balanced benefits to both countries and aligns with their shared goal of enhancing cooperation across various sectors.
On this occasion, the two sides announced the signing of six cooperation agreements, including one on investment, innovation, and financial centre, an MoU on exchanging experience in government modernisation and development; and an MoU on higher education and scientific research.