VKBIA, One World Impact Capital Limited ink comprehensive strategic cooperation

The signing ceremony was attended by many leaders of agencies, corporations and businesses operating in the field of investment and finance in the RoK and elsewhere in the world.

Speaking at the ceremony, Dr. Tran Hai Linh, chairman of the VKBIA, affirmed that after more than 30 years since the establishment of diplomatic relations in 1992, Vietnam and the RoK have made remarkable progress in multiple fields, and officially upgraded their ties to a "Comprehensive Strategic Partnership" in December 2022, opening a new development period for bilateral relations.

During the June 2023 visit to Vietnam by RoK President Yoon Suk Yeol, the two governments signed the Action Program to further deepen the comprehensive strategic partnership between Vietnam and the RoK.

Meanwhile, the friendship and cooperation relationship between the UAE and Vietnam in recent times has witnessed positive developments in various areas such as politics - diplomacy, economy - trade, investment, tourism, energy.

The UAE is currently Vietnam's largest trading partner in the Middle East - North Africa region. In April, Vietnam and the UAE signed a ministerial declaration on the launch of negotiations for the Vietnam - UAE free trade agreement (CEPA).

In a meeting with the UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan on June 14, Prime Minister Pham Minh Chinh said Vietnam encourages UAE businesses and investment funds to invest and transfer technology in fields of mutual interest such as logistics, real estate, services, infrastructure, innovation.

Chinh suggested the UAE share experiences, support Vietnam to build an international financial center, connect innovation networks, strengthen energy conversion, protect the environment, and manage natural resources.

VKBIA Chairman Tran Hai Linh emphasized that the signing ceremony has marked an important milestone for cooperation in the field of investment among the UAE, the RoK and Vietnam, while accelerating the development of global trade and making a fundamental contribution to the economic growth of the three countries.

For his part, Rabelin Tchoumi, CEO and Managing Partner of One World Impact Capital Limited (OWI) revealed that OWI is a global alternative investment conglomerate with its headquarter in Abu Dhabi, providing long term patient capital for investable projects globally.

The group operates under UAE inspirational vision for a developmental- investment oriented bilateral partnership, designed specifically to contribute to the sustainable development agenda of each strategic partner country of the UAE. It is also aimed at enhancing result-oriented exchanges, initiatives, and joint action in key areas of mutual interest for further progress and prosperity.

“It is for that reason that OWI warmly welcome today’s agreement.  Measures to ensure a stable future for our communities and our planet will depend on more connected, impactful and strategic investment around the globe.  This strategic partnership deal represents a tangible pooling of our strengths and expertise to drive our institutional capital in support of joint investments in Vietnam and the RoK through collaboration on joint initiatives and projects. It underscores our shared goals to identify investment opportunities for both countries that align with our investment mandates, demonstrating a strong potential for strategic and developmental impact”, said Rabelin Tchoumi.

During their stay in the RoK, OWI and VKBIA officials continued to hold several working sessions with leading financial management companies, large and medium-sized Korean corporations and enterprises to discuss and decide on a number of priority areas for investment between the two countries in the coming time.