ADQ has signed a Memorandum of Understanding (MoU) with State Capital Investment Corporation (SCIC), a sovereign wealth fund owned by the Government of Vietnam, to develop a collaborative framework in key sectors of mutual interest in the Southeast Asian country.
The partnership aims to enhance bilateral ties between the UAE and Vietnam. Under the agreement, both entities will work together to unlock and assess potential co-investment opportunities that support Vietnam’s economic ambitions and fall in line with its strategic development goals.
As a rapidly expanding and third-largest economy in Southeast Asia, after Indonesia and Thailand, Vietnam’s economy is expected to reach 6.5 percent in both 2025 and 2026. Vietnam and the UAE sealed a Comprehensive Economic Partnership Agreement (CEPA) in October 2024, marking Vietnam’s first pact with a Middle Eastern nation.
Mohamed Hassan Alsuwaidi UAE Minister of Investment MD & CEO – ADQ
“This partnership aims to deepen the strengthening bilateral ties between the UAE and Vietnam, while also highlighting ADQ’s commitment to investing in high-growth markets that align with our strategic investment priorities. Vietnam’s rapidly expanding economy presents a unique opportunity to drive impactful investments in key sectors of mutual interest. By leveraging the expertise within our diverse portfolio, we strive to be a catalyst for sustainable growth, unlocking tangible value and supporting Vietnam’s long-term economic ambitions.”
Nguyen Chi Thanh, Chairman of State Capital Investment Corporation, added that, “The signing of the Memorandum of Understanding (MoU) on investment collaboration is a significant milestone, laying a solid foundation for the partnership between SCIC and ADQ in particular and contributing to the development of bilateral relations between the two nations in general. SCIC stands ready to provide support and facilitate the most favorable conditions for the two parties to pursue long-term collaboration in the future. To further strengthen bilateral cooperation, we would like both sides to come together and organize dedicated business forums in specific sectors in the coming period. These forums would help foster connectivity and partnership opportunities, explore investment prospects, and develop joint investment mechanisms.”
