Partnership between "Holding" (AdQ) and"Vietnamese government investment" To search investment opportunities
Abu Dhabi, February 8 / WAM / “ADQ”, and the Vietnamese Government Investment Corporation (SCIC), (the sovereign wealth fund owned by the Vietnam Government), announced today the signing of a memorandum of understanding, to develop a framework for cooperation in the main sectors of common concern in Vietnam.
The two parties will cooperate, according to the memo, in identifying and evaluating joint investment opportunities that support the economic aspirations of the State of Vietnam, and are in line with its strategic development goals.
Vietnam is the third largest economy in Southeast Asia, after Indonesia and Thailand, and is expected to achieve a rate of up to 6.5% during 2025 and 2026.
In October 2024, the UAE and Vietnam signed the comprehensive economic partnership agreement, the first for Vietnam with the Middle East, which aims to enhance cooperation in the main sectors, including oil, gas, renewable energy and agriculture.
His Excellency Mohamed Hassan Al -Suwaidi, Minister of Investment, Managing Director and CEO of the group in “ADQ”, said that this partnership contributes to strengthening bilateral relations between the UAE and Vietnam, and also reflects the “Holding” commitment to investment in the markets that witness high growth in line with Its strategic priorities, pointing out that the Vietnamese economy is witnessing an accelerated growth and providing promising investment opportunities in the main sectors of common concern.
He added: “By employing our expertise in our various portfolios, we seek to contribute to stimulating sustainable growth, achieving value and supporting Vietnam’s economic aspirations in the long run.”
For his part, Najwin Chi Thanah, Chairman of the Vietnamese Government Investment Corporation, said that this agreement constitutes a milestone in the march of investment cooperation between the two countries, and establishes strong foundations for the partnership between (SCIC) and “ADQ” and contributes to the development of bilateral relations between Vietnam and the UAE.
He added that the Supreme Investment Committee is ready to provide the necessary support and provide the appropriate conditions to continue the long -term cooperation, and to enhance coordination between the two sides, noting that the two sides will hold periodic meetings and forums designated in specific sectors during the coming period, with the aim of enhancing partnership opportunities, exploring new prospects for cooperation, and developing Joint investment mechanisms.
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