UAE and Vietnam touch base on energy security: President Mohamed bin Zayed Al Nahyan and Vietnamese Prime Minister Pham Minh Chinh discussed expanding cooperation in energy security, trade, and investment on a phone call two days ago, Vietnamese state agency Voice Of Vietnam reports. Energy security featured prominently, with Al Nahyan saying the UAE is ready to support Vietnam’s immediate and long-term energy needs as both sides acknowledged the potential impact of the regional conflict on global supply.

The leaders also explored expanding economic ties, including potential investments in Vietnam’s planned international financial center and cooperation in high-tech industries, infrastructure, and logistics. They agreed to accelerate negotiations on a GCC-Vietnam trade agreement and work toward reaching USD 10 bn in bilateral trade.

BACKGROUND- Energy also came up in the UAE’s talks with Japan last week. During a visit to Tokyo, Industry and Advanced Technology Minister Sultan Al Jaber reaffirmed the UAE’s commitment to supporting Japan’s oil supply as concerns grow over disruptions in the Strait of Hormuz. He was quoted elsewhere saying there is little the country can do if the Strait of Hormuz continues to face disruption.

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