Non-oil commerce between the United Arab Emirates and Vietnam reached $7.02 billion within the first half of 2025, up 16.9 per cent from the identical interval final 12 months, the UAE’s minister of overseas commerce stated on Friday.
The rise builds on $12.6 billion in bilateral commerce recorded in 2024, a 4 per cent rise on the earlier 12 months and 54.3 per cent larger than in 2019. Vietnam stays the UAE’s largest non-oil buying and selling accomplice within the ASEAN area.
UAE Minister of Foreign Trade Thani Al Zeyoudi advised the Vietnam Enterprise Council in Abu Dhabi that the 2 international locations are making ready to develop cooperation as soon as a Complete Financial Partnership Settlement (CEPA) signed in October 2024 comes into drive.
“By decreasing tariffs, eradicating obstacles to commerce and harmonising customs procedures, now we have set a course for additional progress and better prosperity,” Al Zeyoudi stated in a press release.
“We’re already seeing the advantages of shut collaboration.”
The minister stated the UAE has already supported Vietnamese logistics tasks, together with Saigon’s Premier Container Terminal in Ho Chi Minh Metropolis and new cargo providers throughout the Mekong Delta, and would look to construct on such investments.
The UAE has additionally concluded CEPAs with Indonesia, Cambodia and Malaysia. Its non-oil commerce with ASEAN states reached $37.7 billion in 2024, up 4.2 per cent from 2023 and 16.8 per cent larger than in 2022, accounting for 4.6 per cent of its world non-oil commerce.