14:22 | 08/09/2015 Trade
The London-based Falcon Financial Group has pledged to assist with promoting trade activities between the Middle East and Vietnam via the provision of financial services and solutions for Vietnamese enterprises.
Import, export activities at the Cat Lai port, in Ho Chi Minh City (Source: VNA)
An agreement to this effect was inked between the Vietnamese Embassy in the United Arab Emirates (UAE) and the group in Dubai on September 6.
The two sides have designed an action plan for the agreement’s implementation in October, including strengthening connections and exchanges between the group and relevant Vietnamese agencies, associations and enterprises.
The Vietnamese Embassy will also facilitate access to the domestic market for the Falcon Group, among other trade promotion activities.
During the signing ceremony, Vietnamese Ambassador to the UAE Pham Binh Dam highlighted the UAE as a strategic market in the Middle East, saying it is a gateway for Vietnamese products to enter various markets.
The UAE is the fifth largest export market of Vietnam, Dam said, underlining the huge import potential between the two countries.
Vietnam has continuously sought to promote bilateral trade ties with the UAE, the Vietnamese diplomat said, hailing the experience of Falcon Group after many years operating in the Middle East region.
General Director of the Falcon Group Will Nagle expressed his pleasure to sign the agreement with the Vietnamese diplomatic agency, saying that Vietnam is a market with huge potential, and Falcon’s financial solutions would help foster trade ties between Vietnam and the rest of the world.
The Falcon Financial Group, with its headquarters in London, the UK, is a major group providing financial services for import and export activities around the world.
Over the past four years, it has provided financial assistance worth up to US$12 billion to enterprises in the Middle East, Asia, Europe, Australia and New Zealand./.