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UAE and Vietnam to finalise CEPA by year end

The UAE and Vietnam are set to finalize the details of a comprehensive economic partnership agreement (CEPA) by the end of the year, the Vietnam Chamber of Commerce and Industry reports.
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The UAE is Vietnam’s largest export market and second-largest trading partner in the Middle East behind Kuwait. Bilateral trade between the two countries netted USD 3.2 billion in 1H 2024, up 43% y-o-y. Vietnam’s exports exceeded USD 2.8 billion while imports reached over USD 435 million.

Vietnam’s exports electronics, machinery, textiles, cars, and agricultural products like cashews, fruit, and rice. Imports from the UAE mainly include petroleum products, liquefied gas, animal feed, metals, and chemicals.

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