ID :
46162
Wed, 02/18/2009 - 08:25
Auther :
Shortlink :
http://m.oananews.org//node/46162
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PM Dung eyes increased investment from UAE
Dubai (VNA) - Prime Minister Nguyen Tan Dung called upon businessmen in the United Arab Emirates (UAE) to increase their investments in Vietnam and pledged to back their long-term business by creating a host of favourable mechanisms and policies.
Speaking at the Vietnam-UAE Business Forum in Dubai on Feb. 17, the PM
identified the construction of expressways, airports, and seaports, the oil and gas
industry, tourism, agriculture, financial services, banking and labour as areas
earmarked by his country for foreign investment.
He praised the Vietnam Chamber of Commerce and Industry and its Dubai
counterpart for their coordinated efforts in organising the forum, which brought
together as many as 400 businesspeople to exchange information and seek deals and
investment opportunities.
The PM noted that Vietnam and UAE are currently experiencing an increase in
their cooperation, especially in the areas of trade and investment. He cited
statistics to back up this statement, such as two-way trade between the two
countries soaring from 67 million USD in 2002 to 550 million USD in 2008 and the
fact that UAE is currently one of Vietnam 's 25 biggest export markets and is
expected to break into the country's top ten export markets in the future.
UAE investors are responsible for numerous projects in Vietnam, including the
construction of a new urban area in Phu Yen province, a tourist resort in Hoi An
town, an urban area and a five-star hotel in Ha Long city, and a sheep-breeding
programme in Ninh Thuan province.
Whilst highlighting the strength of their bilateral economic ties, PM Dung pointed
out that these ties remain modest compared with the potential offered by the two
countries, and fail to meet the aspirations of their governments and people.
He said he hoped that a series of agreements signed during his visit would provide
the momentum to raise the Vietnam-UAE ties to new heights.
On the same day, PM Dung visited the Jebel Ali port and worked with the Limitless
company, where he witnessed the signing of an agreement between Limitless and the
Quang Ninh provincial authorities, regarding an increase in investment capital for
the Ha Long Star project from 220 million USD to 550 million USD and the planning of
an industrial complex in the province.-Enditem
Speaking at the Vietnam-UAE Business Forum in Dubai on Feb. 17, the PM
identified the construction of expressways, airports, and seaports, the oil and gas
industry, tourism, agriculture, financial services, banking and labour as areas
earmarked by his country for foreign investment.
He praised the Vietnam Chamber of Commerce and Industry and its Dubai
counterpart for their coordinated efforts in organising the forum, which brought
together as many as 400 businesspeople to exchange information and seek deals and
investment opportunities.
The PM noted that Vietnam and UAE are currently experiencing an increase in
their cooperation, especially in the areas of trade and investment. He cited
statistics to back up this statement, such as two-way trade between the two
countries soaring from 67 million USD in 2002 to 550 million USD in 2008 and the
fact that UAE is currently one of Vietnam 's 25 biggest export markets and is
expected to break into the country's top ten export markets in the future.
UAE investors are responsible for numerous projects in Vietnam, including the
construction of a new urban area in Phu Yen province, a tourist resort in Hoi An
town, an urban area and a five-star hotel in Ha Long city, and a sheep-breeding
programme in Ninh Thuan province.
Whilst highlighting the strength of their bilateral economic ties, PM Dung pointed
out that these ties remain modest compared with the potential offered by the two
countries, and fail to meet the aspirations of their governments and people.
He said he hoped that a series of agreements signed during his visit would provide
the momentum to raise the Vietnam-UAE ties to new heights.
On the same day, PM Dung visited the Jebel Ali port and worked with the Limitless
company, where he witnessed the signing of an agreement between Limitless and the
Quang Ninh provincial authorities, regarding an increase in investment capital for
the Ha Long Star project from 220 million USD to 550 million USD and the planning of
an industrial complex in the province.-Enditem
