Total two-way trade between Vietnam and the United Arab Emirates (UAE) reached 809 million USD in the first two months of this year, up 58 percent from the same period last year.
Fishery products for export to the United Arab Emirates (Source: the Ministry of Industry and Trade)
Hanoi (VNA) – Total two-way trade betweenVietnam and the United Arab Emirates (UAE) reached 809 million USD in the firsttwo months of this year, up 58 percent from the same period last year.
The UAE is one of Vietnam’s 10 largest export partners inthe world and is the largest export partner of Vietnam in the Middle East andAfrica, which has seen a surge in demand for imported goods in the time ofCOVID-19. Experts believe that there are plenty of opportunities for Vietnam togain a stronger foothold in this market in the time ahead.
According to the Ministry of Industry and Trade, Vietnamhas enjoyed high trade surplus with the UAE for years, posting 737 million USDworth of exports to UAE in January-February, up nearly 60 percent year-on-yearwhile imports valuing 72 million USD, up 44 percent.
Phones and accessories were Vietnam’s key export earnerfrom the UAE, bringing home 551 million USD, up about 108 percent from a yearearlier and accounting for two thirds of the total exports to the MiddleEastern country.
A number of agricultural products also witnessed highgrowth. Specifically, exports of cashew nuts increased six-fold year-on-year to10.3 million USD, while shipments of fishery products, fruit and vegetables,and pepper grew 18 percent, 12 percent, and 17 percent, respectively.
Meanwhile, due to impacts of COVID-19, shipments offootwear and textile-garment declined 23 percent and 11 percent, respectively,to 14 million USD and 11 million USD.
Among imported goods from the UAE, plastic materialsvalued the highest, 41.8 million USD, up 66 percent year-on-year. Vietnam alsospent 8.7 million USD on importing cattle feed and materials, up 9 percent./.
Twenty Vietnamese enterprises will showcase their products at the 24th edition of Gulfood – the world’s largest annual food & beverage trade exhibition – in Dubai, the United Arab Emirates, from February 17-21.
Deputy Prime Minister Trinh Dinh Dung pledged favourable conditions for UAE firms to expand investment in the country while receiving CEO of Mubadala Petroleum Bakheet Al Katheeri in Hanoi on October 31.
Vietnam earned an estimated 700 million USD from exporting goods to Israel in 2020 despite difficulties and obstacles posed by the COVID-19 pandemic, according to the Vietnamese Trade Office in the Middle East country.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Fishery products for export to the United Arab Emirates (Source: the Ministry of Industry and Trade)
