Prime Minister Pham Minh Chinh proposed some leading corporations in the United Arab Emirates (UAE) to boost cooperation and investment in strategic breakthroughs of Vietnam, including completing mechanisms, training human resources, and developing infrastructure, particularly expressways, high-speed railways, airports and seaports, the Vietnam News Agency has reported.

PM Chinh made the suggesting during a reception for leaders of four corporations operating in the areas of infrastructure development and management, seaport, logistics and industrial park on October 27 as part of his ongoing official trip to the UAE.

The guests included Chairman of Prime Group Tamer Wagih Salem, Managing Director and Group CEO of Abu Dhabi Ports Group Mohamed Juma Al Shamisi, NMDC Energy CEO Niels De Bruijn, and CEO of Emirates Driving Company Khaled Al Shemeili.

They stressed that Vietnam boasts huge potential in the development of their industries and expressed their hope that the Vietnamese Government will create favorable conditions for UAE firms to land investments in Vietnam.

PM Chinh also encouraged the corporations to promote cooperation and investment in Vietnam in the fields of science, technology, innovation, digital transformation, green transition, circular economy, knowledge economy, and sharing economy, especially in emerging fields such as semiconductor chips, cloud computing, and Internet of Things (IoT).

Vietnam is promoting the deployment of oil and gas projects, and developing gas-fired, offshore wind and solar power, PM Chinh said, hoping for investment cooperation from UAE companies as this is an area of their strength.

The Vietnamese Government stressed that Vietnam will push ahead with tasks and solutions to usher in a new era of development, including improving the investment environment, establishing investment funds, developing infrastructure, and promoting smart governance.

He affirmed that the country will create all possible favorable conditions for UAE investors to conduct effective and sustainable business in Vietnam.