emirates7 - ADQ and the State Capital Investment Corporation (SCIC), Vietnam’s state-owned sovereign wealth fund, have signed a Memorandum of Understanding (MoU) to establish a collaborative framework in key sectors of shared interest within the Southeast Asian nation.
Under this agreement, both organizations will work together to identify and evaluate potential co-investment opportunities that align with Vietnam’s strategic development goals and economic ambitions.
Vietnam, the third-largest economy in Southeast Asia after Indonesia and Thailand, is projected to expand by 6.5% in both 2025 and 2026. In October 2024, Vietnam and the UAE finalized a Comprehensive Economic Partnership Agreement—Vietnam’s first such deal with a Middle Eastern country—creating new avenues for cooperation in vital industries such as oil and gas, renewable energy, and agriculture.
Mohamed Hassan Alsuwaidi, Minister of Investment and Managing Director & Group CEO of ADQ, emphasized that this partnership aims to strengthen the growing ties between the UAE and Vietnam. He also highlighted ADQ’s commitment to investing in dynamic, high-growth markets that align with its strategic investment focus. “Vietnam’s rapidly expanding economy presents a compelling opportunity to drive impactful investments in key sectors of mutual interest. By leveraging the expertise across our diverse portfolio, we aim to be a catalyst for sustainable growth, unlocking tangible value, and supporting Vietnam’s long-term economic aspirations,” he stated.
Nguyen Chi Thanh, Chairman of SCIC, described the MoU as a key milestone that establishes a strong foundation for collaboration between the two organizations while contributing to broader bilateral relations. He reaffirmed SCIC’s commitment to facilitating a favorable environment for long-term cooperation between both parties. “To further strengthen our partnership, we propose organizing specialized business forums focused on specific sectors in the near future. These forums would enhance connectivity, investment opportunities, and help develop joint investment mechanisms,” he added.
Under this agreement, both organizations will work together to identify and evaluate potential co-investment opportunities that align with Vietnam’s strategic development goals and economic ambitions.
Vietnam, the third-largest economy in Southeast Asia after Indonesia and Thailand, is projected to expand by 6.5% in both 2025 and 2026. In October 2024, Vietnam and the UAE finalized a Comprehensive Economic Partnership Agreement—Vietnam’s first such deal with a Middle Eastern country—creating new avenues for cooperation in vital industries such as oil and gas, renewable energy, and agriculture.
Mohamed Hassan Alsuwaidi, Minister of Investment and Managing Director & Group CEO of ADQ, emphasized that this partnership aims to strengthen the growing ties between the UAE and Vietnam. He also highlighted ADQ’s commitment to investing in dynamic, high-growth markets that align with its strategic investment focus. “Vietnam’s rapidly expanding economy presents a compelling opportunity to drive impactful investments in key sectors of mutual interest. By leveraging the expertise across our diverse portfolio, we aim to be a catalyst for sustainable growth, unlocking tangible value, and supporting Vietnam’s long-term economic aspirations,” he stated.
Nguyen Chi Thanh, Chairman of SCIC, described the MoU as a key milestone that establishes a strong foundation for collaboration between the two organizations while contributing to broader bilateral relations. He reaffirmed SCIC’s commitment to facilitating a favorable environment for long-term cooperation between both parties. “To further strengthen our partnership, we propose organizing specialized business forums focused on specific sectors in the near future. These forums would enhance connectivity, investment opportunities, and help develop joint investment mechanisms,” he added.