Post by : Badri Ariffin

DMCC, Dubai’s leading international business district, has concluded its latest trade roadshow in Vietnam, unveiling major plans to create a new Financial Centre that will power trade finance, fintech innovation, and digital assets across its vast 26,000-member community.

The roadshow, held in Ho Chi Minh City and Hanoi, marked another milestone in deepening commercial ties between the UAE and Southeast Asia. The initiative also reflects Dubai’s growing influence as a global hub for business, technology, and innovation.

Building on the recent launch of the DMCC Wealth Hub, the new Financial Centre will serve as the financial backbone of DMCC’s expanding ecosystem. It will bring together banks, fintech startups, accelerators, and investment firms in one integrated community, designed to connect traditional and digital finance while expanding access to global capital.

Further details of the project are expected to be announced during the Dubai Precious Metals Conference in November, highlighting DMCC’s shift from a commodities powerhouse to a diversified, finance-driven business hub.

The roadshow comes on the heels of the UAE–Vietnam Comprehensive Economic Partnership Agreement (CEPA), signed in October last year. Since then, bilateral non-oil trade between the two countries has surged to USD 7.02 billion in the first half of 2025, marking a 16.9% year-on-year increase. The agreement, which eliminates over 98% of tariffs, has paved the way for greater cooperation in sectors such as agri-food, manufacturing, and technology.

With trade momentum building, bilateral non-oil trade between the UAE and Vietnam is projected to reach USD 20 billion in the coming years. Currently, more than 670 Southeast Asian companies operate within DMCC, including a growing number from Vietnam, leveraging Dubai’s strategic location and business ecosystem to access global markets.

During the sessions, more than 550 Vietnamese business leaders learned how DMCC and Dubai can serve as a launchpad for international expansion. Discussions highlighted areas of shared growth potential, including agri-commodities, artificial intelligence, and digital infrastructure.

DMCC remains at the centre of this growth story — home to companies from over 180 countries and contributing around 15% of all foreign direct investment into Dubai. Its global outreach programme, Made For Trade Live, continues to strengthen trade and investment links with key markets around the world.

As Dubai solidifies its reputation as a global business hub, DMCC’s new Financial Centre is set to redefine how trade and finance converge — driving innovation, connectivity, and economic growth from the heart of the city.

#News #UAE #News,