The Dubai Multi Commodities Centre (DMCC), one of the world's leading international free zones, is actively facilitating partnerships between Dubai and Vietnam's Web3 and AI markets. The initiative follows the UAE and Vietnam signing the Comprehensive Economic Partnership Agreement (CEPA) in October 2024, with an ambition to quadruple bilateral trade from the current $5 billion to $20 billion.
Made for Trade Live: Connecting Dubai and Vietnam's Tech Leaders
In its second Made for Trade Live event in Vietnam this year, DMCC brought together more than 650 business leaders, start-up founders, and investors across both Hanoi and Ho Chi Minh City. The events highlighted bilateral opportunities in trade, investment, and innovative technologies — with a dedicated Web3 and AI investment scaling session held in partnership with SightSea Labs, one of Vietnam's leading Web3 venture builders.
While presenting the case for doing business in Dubai, DMCC spotlighted its state-of-the-art infrastructure — including the DMCC Crypto Centre, Gaming Centre, and AI Centre — as established entry points for Vietnamese companies looking to access the Dubai market.
The UAE-Vietnam CEPA and the Web3 Trade Corridor
The CEPA provides a powerful regulatory framework that both governments intend to activate through technology-driven investment. Web3, in particular, is being positioned as a key mechanism to unlock the trade corridor's full potential.
Ahmed Bin Sulayem, DMCC's Executive Chairman and CEO, said:
> "Vietnam is one of the AI and crypto leaders in the Southeast Asian region, making it a perfect partner for Dubai's Web3 market. Applying the new environment after the signing of the UAE-Vietnam CEPA, we are ready to promote maximum growth in trade and investment with this country. The steps being taken in Vietnam are cardinal to enhancing both the economic and technological cooperation between our nations."
DMCC's Track Record as a Global Business Hub
The Vietnam roadshow builds on DMCC's first visit to the country in June 2024, which drew 412 business participants. The pace of engagement reflects DMCC's broader strategy of positioning Dubai as the world's preferred destination for global trade and innovation.
In 2023, DMCC had its second-best year on record, attracting approximately 2,700 new member companies and contributing 15% of Dubai's total foreign direct investment. The free zone now hosts more than 25,000 companies, underscoring its central role in the emirate's international commerce and technology ecosystem.
