(VOVworld) – Deputy Prime Minister Nguyen Xuan Phuc attended a business forum in the United Arab Emirates on Tuesday as part of his ongoing visit there. Phuc said that Vietnam is implementing 3 strategic breakthroughs: fine-tuning market economy institutions, modernizing infrastructure, and improving the quality of the labor force. He said that Vietnam’s modernization, industrialization, and international integration opens many investment and business opportunities for foreign investors, including those from the Middle East and the UAE. At the forum, Deputy Prime Minister Phuc witnessed the signing of an agreement between the governments of Vietnam and the UAE on flights between and through the two countries and an agreement to establish Vietnam’s trade representative office in the UAE, the Middle East and North Africa between UAE Vault Investment Fund and Agarvina of Vietnam.

The same day he met with the Minister of Foreign Affairs, the Minister of Economy, the Minister of Finance, and the Governor of the Central Bank to discuss ways to boost bilateral cooperation. The UAE Minister of Economy handed over to Phuc an official note of the UAE’s recognition of Vietnam’s full market economy status.  

Deputy Prime Minister Phuc left for Hanoi on Tuesday concluding his official visits to Qatar and the UAE.