ADQ, an Abu Dhabi-based investment firm, has signed a Memorandum of Understanding (MoU) with Vietnam’s State Capital Investment Corporation (SCIC). This agreement sets a framework for collaboration in key sectors that align with Vietnam’s economic growth plans.
ADQ : Strengthening Economic Ties
Vietnam ranks as Southeast Asia’s third-largest economy, following Indonesia and Thailand. It is projected to grow by 6.5% in both 2025 and 2026. In October 2024, Vietnam and the UAE finalized a Comprehensive Economic Partnership Agreement. This deal, Vietnam’s first with a Middle Eastern country, promotes cooperation in vital sectors such as oil and gas, renewable energy, and agriculture.
ADQ’s Managing Director and Group CEO, Mohamed Hassan Alsuwaidi, highlighted the importance of this partnership. “This collaboration demonstrates ADQ’s commitment to investing in high-growth markets. Vietnam’s expanding economy offers excellent opportunities for impactful investments. By utilizing our diverse portfolio, we aim to support Vietnam’s long-term economic goals and drive sustainable growth,” he said.
ADQ : Expanding Investment Opportunities
Nguyen Chi Thanh, Chairman of SCIC, emphasized the MoU’s role in strengthening ties between the two nations. “This agreement lays a strong foundation for long-term collaboration between SCIC and ADQ. We are committed to facilitating the best conditions for joint investments,” he stated.
Thanh also suggested organizing business forums focused on key sectors. These forums would foster connections, explore investment opportunities, and develop structured investment mechanisms to enhance cooperation between ADQ and SCIC.
A Catalyst for Sustainable Growth
With Vietnam’s rapid economic expansion and increasing trade relations, this partnership aims to support sustainable development. The collaboration underscores ADQ’s strategy of investing in dynamic markets while reinforcing economic ties between the UAE and Vietnam.
