Dubai has recently unveiled the D33 Economic Program, aiming to double its GDP by 2033, the 200th anniversary of the emirate’s founding. This program seeks to position Dubai as a global growth hub through economic diversification and sustainable development. Within this vision, Vietnam has emerged as a vital partner.
The Dubai Chamber of Commerce, a leading agency for development and international trade, established a representative office in Vietnam at the end of last year. Mohammad Ali Bin Rashed Lootah, Chairman of the Dubai Chamber of Commerce, noted that ASEAN, including Vietnam, is a key economic corridor for Dubai. He highlighted the growing focus of multinational corporations on Vietnam, reflecting the country’s economic openness.
Dubai’s D33 economic program emphasizes the importance of digital economic development, an area where Dubai businesses see significant potential in Vietnam. Faraz Ahmed Quddusi, CEO of QBS Group, praised Vietnam’s transformation into a technology-rich economy, citing its skilled workforce and favorable policies for foreign businesses.
Dubai plans to invest around $20 billion in the digital economy and artificial intelligence over the next three years, prompting businesses to seek global partners. Matar Almehiri of Meerana Technology Company highlighted Vietnam’s competitive technological human resources and political stability as key advantages for investment.
In the Gulf region, there is a growing interest in shifting economic focus eastward. Traditionally reliant on oil, finance, and real estate investments in Western economies, Gulf countries are now exploring new sectors such as green energy, digitalization, and agriculture. Vietnam is increasingly seen as a promising partner in these areas, offering significant potential for Gulf businesses.
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Source: Vietnam Insider