Sharjah Chamber and Vietnam discuss economic cooperation and investment exchange

Sharjah, February 3 / WAM / The Sharjah Chamber of Commerce and Industry discussed with a trade delegation from the Socialist Republic of Vietnam ways to enhance economic cooperation relations and exchange investments between the business communities in Sharjah and Vietnam.

The two sides discussed mechanisms for benefiting from the Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and Vietnam in October 2024 to enhance cooperation between the private sector and contribute to increasing the volume of trade exchange between the two countries.

This came during the meeting held today at the headquarters of the Sharjah Chamber, in the presence of Abdul Aziz Al Shamsi, Assistant Director General of the Communication and Business Sector at the Sharjah Chamber, and Chu Viet Cuong, Director of the Industrial Development Center at the Vietnamese Ministry of Industry and Trade, along with a number of businessmen and representatives of companies and the private sector in Sharjah and Vietnam who specialize in the sectors of logistics services, furniture, pharmaceutical industries, and smart technology applications.

The two sides discussed investment opportunities available in a number of common priority sectors, most notably the technical industries, electronics, logistics services, supply chains, food industries, food security, the furniture sector, and advanced manufacturing, as well as the technology, innovation, and pharmaceutical industries sectors.

The meeting highlighted the importance of integrating supply chains and added value between companies in Sharjah and Vietnam, especially in light of the rapid growth of intra-trade, which in the first half of 2025 achieved about $7.02 billion, a growth rate of 16.9% compared to the same period in 2024, and the growth of UAE non-oil exports to Vietnam by 58.4% during the same period.

Abdul Aziz Al Shamsi stressed that the delegation’s visit constitutes a step towards deepening economic ties between the two sides, noting that the Sharjah Chamber attaches utmost importance to developing the partnership with the Vietnamese business community in line with the objectives of the “We Are the UAE 2031” vision, which aims to double non-oil foreign trade to reach 4 trillion dirhams, as Vietnam represents a promising market that includes more than 100 million consumers and a strategic gateway for the UAE in the ASEAN region and provides tremendous opportunities for expansion. Investment in the energy, infrastructure and technology sectors.

He added that Sharjah has a competitive investment environment and a stimulating legislative system that make it an ideal launching pad for Vietnamese companies wishing to access the Middle East and African markets, calling on Vietnamese investors to benefit from the advantages provided by the free zones in Sharjah, which allow full ownership and advanced logistical infrastructure, and from the technical services provided by the “Sharjah Export Development Center” to support commodity exchange and re-export, stressing that the Chamber is committed to providing all facilities to enable Vietnamese companies to establish their businesses and expand their activity in the emirate in light of the movement. Re-exports grew by 15% in the first nine months of 2025.

For his part, Chu Viet Cuong indicated his country’s keenness to strengthen industrial and technical cooperation with the Emirate of Sharjah, praising the pioneering role played by the Chamber in supporting the private sector and facilitating the business environment, explaining that the Industrial Development Center of the Vietnamese Ministry of Industry and Trade works to develop support industries, strengthen supply chains, and enable Vietnamese industrial institutions to cooperate with global manufacturers.

He pointed out that the participation of an elite group of specialized Vietnamese companies in the trade delegation reflects the diversity of the Vietnamese industrial base and its willingness to build sustainable and fruitful partnerships with its counterparts in Sharjah, stressing that the comprehensive economic partnership agreement opens unprecedented horizons for the growth of joint investment flows and facilitating the movement of goods through reducing customs duties.

The meeting discussed the importance of organizing business sessions between members of the Chamber and representatives of Vietnamese companies to explore opportunities for direct cooperation in the fields of innovation, digital transformation, financial technology and the green economy. The two parties also discussed promising opportunities in the field of re-exporting products, and success stories of Emirati companies investing in Vietnam were reviewed, whose investments amounted to about $4 billion, including the energy, ports, logistics services and real estate sectors, with an emphasis on the need to intensify the exchange of trade delegations and participate in specialized exhibitions organized by the Expo Center Sharjah.

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