On October 28.10, in Dubai (UAE), within the framework of the Vietnam - UAE Business Forum, witnessed by Prime minister Goverment Vietnam and leaders of ministries and branches of the two countries, Group T&T Group and Golden Nile Investment have signed a memorandum of understanding for strategic cooperation in many fields.

Accordingly, T&T Group and Golden Nile will cooperate in the fields of banking and finance, digital banking, construction, Agriculture high technology, seaports, aviation, energy and human resource supply.

Sharing about this cooperation, Mr. Do Vinh Quang, Vice Chairman of the Board of Directors of T&T Group, said that the cooperation will help T&T Group and Golden Nile exploit and make the most of the potential and strengths of the two enterprises in terms of infrastructure, high-quality human resources, financial arrangement capacity, technology, experience, management, etc. to invest in developing large, key projects of the country.

“With similarities in multi-industry ecosystems, diverse investment portfolios and sustainable development vision, the cooperation between T&T Group and Golden Nile not only brings prosperous development to the two businesses, but also contributes to realizing the Partnership Agreement. Economy The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the UAE is an important contribution to the plan to connect the two economies; thereby further tightening the friendly relations between the two countries. Mr. Do Vinh Quang emphasize.

According to Golden Nile representative, the cooperation with T&T Group - the leading multi-industry private corporation in Vietnam today will bring Golden Nile the opportunity to invest in sustainable development. At the same time, through T&T Group's diverse investment portfolio and extensive network of partners, this will become a bridge to help Golden Nile expand the market and increase its influence globally.

Golden Nile is the UAE’s leading semi-governmental investment company, specialising in strategic investments across a range of sectors globally. With a diversified portfolio and a commitment to sustainable growth, Golden Nile plays a key role in driving economic development and creating the conditions for long-term prosperity. Golden Nile is actively involved as a shareholder, operator and advisor in the mining, ports, railways, airports, agriculture and energy sectors.

The UAE is currently the second largest economy in the Gulf region; the leading financial and commercial center in the Middle East; the 4th largest oil producing country in the Organization of the Petroleum Exporting Countries (OPEC). The UAE currently owns many of the largest FDI investment funds. world such as Abu Dhabi Investment Authority manages 853 billion USD, the fourth largest investment fund in the world; Dubai Investment Corporation manages 320,8 billion USD, ranked 12th in the world; Mubadala Investment Company manages 276 billion USD, ranked 13th in the world; Abu Dhabi Development Company manages 159 billion USD, ranked 16th in the world; Emirates Investment Authority manages 87 billion USD, ranked 20th in the world...

The UAE is currently Vietnam's largest export market in the Middle East-Africa region, with bilateral trade turnover in the first 9 months of 2024 reaching 4,96 billion USD, exceeding the turnover of the whole year of 2023.

Currently, the UAE has 38 FDI projects in Vietnam, with a total registered investment capital of 74,1 million USD, ranking 52nd out of 144 countries and territories with investment projects in Vietnam, and Vietnam has 5 investment projects in the UAE with a total registered capital of 1,8 million USD.