Vietnam and the United Arab Emirates (UAE) need to increase all-round cooperation, aiming to raise bilateral trade value to US$5 billion this year.
The agreement was reached at a meeting in Hanoi on August 20 between National Assembly Vice Chairwoman Nguyen Thi Kim Ngan and UAE Ambassador to Vietnam Khalid Ibrahim Abdulaziz Shohail Al-Qahtani.
Ngan highly valued the UAE's achievements in national development and affirmed that Vietnam always attaches importance to strengthening traditional friendship and multi-faceted cooperation with the Middle East nation.
She expressed her hope that UAE businesses, with their highly financial capability, will invest in potential areas in Vietnam.
UAE Ambassador Khalid congratulated Vietnam on its hosting of the 132nd Inter-Parliamentary Union (IPU) General Assembly in March 2015.
Both host and guest shared the view that Vietnam and the UAE have great potential for enhancing the efficiency of bilateral cooperation, especially in trade, investment and labour.
They said the two countries should maintain reciprocal visits to share experience in legislation, and work closely together at international forums.
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