In a move to strengthen economic collaboration, Abu Dhabi’s ADQ has signed a Memorandum of Understanding (MoU) with Vietnam’s State Capital Investment Corporation (SCIC) to explore new investment opportunities. This partnership aims to identify key sectors that align with Vietnam’s economic priorities and offer mutual growth potential.
With Vietnam emerging as one of Southeast Asia’s fastest-growing economies, its projected 6.5% annual GDP growth in 2025 and 2026 presents a lucrative opportunity for foreign investments. The UAE and Vietnam have already set the stage for stronger trade relations through a Comprehensive Economic Partnership Agreement (CEPA) signed in October 2024, fostering deeper cooperation in industries like renewable energy, agriculture, and infrastructure.
Mohamed Hassan Alsuwaidi, ADQ’s Managing Director and Minister of Investment, emphasized that this collaboration reflects ADQ’s commitment to high-growth markets. He noted that Vietnam’s rapid economic expansion offers promising investment opportunities that can drive long-term financial sustainability.
On the Vietnamese side, Nguyen Chi Thanh, Chairman of SCIC, described the MoU as a major step towards future economic cooperation. He highlighted SCIC’s willingness to create favorable investment conditions and proposed sector-specific business forums to facilitate investment discussions.
By leveraging ADQ’s global investment expertise and SCIC’s local market knowledge, this partnership is expected to support Vietnam’s long-term economic ambitions while strengthening UAE-Vietnam economic ties. As discussions move forward, both entities are set to explore strategic co-investment projects that will shape the future of bilateral trade and investment.