DMCC Unveils New Financial Centre After Vietnam Roadshow
Strengthening Ties with Vietnam
DMCC has recently concluded a successful trade roadshow in Vietnam, hosting events in both Ho Chi Minh City and Hanoi. This initiative aims to enhance commercial relationships between the UAE and Southeast Asia. During the roadshow, DMCC announced plans to establish a new Financial Centre, which will focus on trade finance, fintech innovation, and solutions related to digital assets. This center is designed to support the growing community of over 26,000 businesses operating within DMCC.
Launch of the New Financial Centre
The newly proposed Financial Centre is expected to solidify DMCC’s role in facilitating financial services. Building on the recent launch of the DMCC Wealth Hub, which caters to family offices and private capital, the centre will serve as a pivotal component of DMCC’s ecosystem. It aims to co-locate banks, fintech companies, accelerators, and investment firms, thereby expanding access to capital and bridging traditional and digital finance. This initiative aligns with the UAE’s ambition to position Dubai as a leading global financial hub.
Further details regarding the Financial Centre will be unveiled at the upcoming Dubai Precious Metals Conference in November. This conference marks a significant step in DMCC’s evolution from a commodities-focused entity to a diversified business and trade hub driven by financial and technological advancements.
Impact of the UAE-Vietnam Economic Partnership
The trade roadshow is particularly timely, following the signing of the UAE-Vietnam Comprehensive Economic Partnership Agreement (CEPA) last October. The CEPA has significantly boosted bilateral trade, with non-oil trade between the two nations exceeding USD 7 billion in the first half of 2025, marking an impressive 16.9% increase compared to the same period in the previous year. By eliminating over 98% of tariffs, the CEPA establishes a collaborative framework in key sectors such as agri-food, manufacturing, and technology. As momentum builds, non-oil trade is on track to reach an estimated USD 20 billion in the coming years.
Executive Insights on Future Developments
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, emphasized the significance of the new Financial Centre. “Building on the launch of DMCC Wealth Hub and our landmark agreement with VARA, we are creating a dedicated Financial Centre that will connect our 26,000 member companies more directly to the global financial system,” he stated. He further elaborated that this new center will anchor trade finance, fintech innovation, and digital asset solutions not only within Dubai but also beyond.
Bin Sulayem added, “Since the UAE–Vietnam CEPA was signed last year, bilateral non-oil trade has accelerated – reaching USD 7.02 billion in the first half of 2025, up almost 17% year on year – and is projected to approach USD 20 billion in the coming years.” With over 670 companies from Southeast Asia registered in DMCC, including an increasing number from Vietnam, the organization is focused on strengthening regional trade partnerships.
Focused Engagement with Vietnamese Businesses
During the roadshow, DMCC showcased its commitment to helping Vietnamese companies harness global market opportunities. Approximately 550 leaders from Vietnamese businesses participated, receiving insights on how Dubai—and DMCC, in particular—can serve as a launchpad for international growth. Discussions focused on high-growth sectors where the UAE and Vietnam align, such as agri-commodities, artificial intelligence, and digital infrastructure.
DMCC is strategically positioned within this economic momentum, supporting over 26,000 businesses from 180 countries. This organization is responsible for 15% of all foreign direct investment into Dubai. The “Made For Trade Live” series forms a critical component of DMCC’s global outreach strategy, aimed at reinforcing trade ties with essential partner markets.
By fostering these developments, DMCC continues to enhance its role as a leading business district, paving the way for increased cooperation between the UAE and Vietnam.
Published on 1761937961 • Category: Business News