UAE - Largest Market for Vietnamese Exports in the Middle East The United Arab Emirates (UAE) is Vietnam’s most important partner in the Middle East. Vietnam also can be a gateway for the UAE to Southeast Asia. The political relationship between Vietnam and the UAE has been developed well, providing a firm foundation for diversified cooperation and relations between the two countries. Vietnam Business Forum interviewed UAE Ambassador Ahmed Ali Almualla about the fine relations between UAE and Vietnam over the past time and prospects for cooperation between the two countries. Luong Tuan reports. Bilateral relations between Vietnam and UAE have developed well in various fields in just 3 years since the UAE Embassy opened in Vietnam, could you share with us some brief information about that? We are delighted at the fine relationship between UAE and Vietnam, further developed during the last period. The two countries have continued an effective cooperation in politics, trade, … [Read more...] about UAE – Largest Market for Vietnamese Exports in the Middle East
Middle east current affairs
African and Middle East Markets: Doors Opened for Vietnamese Companies
African and Middle East Markets: Doors Opened for Vietnamese Companies Vietnamese goods, particularly rice, have secured a strong foothold in African and Middle Eastern markets and won the trust of consumers there. Some Vietnamese companies are opening the way to African countries with direct investments. A typical example is the military-run telecom Viettel Group. Its affiliate Viettel Global set up Movitel joint venture with Mozambican partner SPI&Invespar where the former keeps 70 percent of the stake and the latter owns 30 percent. To promote trade and investment ties with these potential markets, the formation of the Vietnam - Africa - Middle East Business Forum is the right step to realise the policy of the Vietnamese Government. In order to gain a deeper insight into the action plans of the Forum, Vietnam Business Forum conducts a face to face interview with Mr Le Dang Dung, Chairman of the Vietnam - Africa - Middle East Business Forum and Deputy General Director of … [Read more...] about African and Middle East Markets: Doors Opened for Vietnamese Companies
Vietnam eyes Middle East as potentially lucrative labour export market
Minister of Labour, Invalids and Social Affairs Nguyen Thi Hang said the Middle East is an open market that provides a number of jobs with good incomes and working conditions. Of the markets, Saudi Arabia is the largest country, which many countries attach great importance to. Currently, around 200 Vietnamese labourers are working in Saudi Arabia and in the future the number of Vietnamese guest workers in the country will increase to thousands. She added that MoLISA will submit to the Government specific policies on labour management and incentives to encourage labour export businesses to send more workers to this market. … [Read more...] about Vietnam eyes Middle East as potentially lucrative labour export market
Labour Export- Huge Potential from Middle East Market
Labour Export- Huge Potential from Middle East Market The Prime Minister of Vietnam recently agreed to permit the Ministry of Labour, Invalids and Social Affairs to bring Vietnamese workers to Libya on a trial basis. Although this is still in the pilot stage, it is considered a good sign for prematurely returned workers previously and a positive signal for labour export market which is forecast to undergo a very tough time in 2012, said Nguyen Ngoc Quynh, Director of the ministry’s Department of Overseas Labour (Dolab). The Middle East, particularly Qatar and Libya, provides stable well-paid employment. A professional worker is paid VND6-8 million a month while the pay for non-professional one is VND4-6 million. In addition, labourers can work extra hours to get higher pays. Specially, the full expense for working there is less than VND30 million, a very low rate in comparison with the cost for working in other markets. After employment contracts expire, they can negotiate … [Read more...] about Labour Export- Huge Potential from Middle East Market
We all pay for Middle-East posturing
by Vu Thu Ha A series of showdowns between the West and Iran over its nuclear programme is darkening the already-gloomy picture in the Middle East. Pessimists predict a more stormy time ahead, with the worst scenario being war. If this happens, make no mistake, it will be a disaster not only for the countries involved, but also for the region and the whole world. The latest trouble began with decisions to impose tougher sanctions on Iran by the United States and European countries which have targeted Iran's petrochemical industry, its oil exporting business and the activities of its central bank. As tension flared, the US concluded billion-dollar weapon deals to Iran's regional rival, Sunni-dominated Saudi Arabia, and the United Arab Emirates. Iran responded with a 10-day naval drill in the Strait of Hormuz, from where most of its oil is shipped, and is planning more. In the latest escalation, Iran annouced that it was expanding uranium-enrichment activities to an underground site. … [Read more...] about We all pay for Middle-East posturing