SAPA Thale Group, a finance investment business, and the Dubai Investment Development Agency inked a bilateral investment cooperation deal in Ho Chi Minh City on December 11.

SAPA Thale Group’s representative, Vietnamese-German billionaire Mai Vu Minh, said the deal is expected to help Vietnamese businesses lure more investment from Dubai and the Middle-east. Dubai enterprises are interested in finance-banking, hi-technology, infrastructure, environment-energy, transport, real estate-hotel and tourism in Vietnam, according to Minh. On December 13, billionaire Mai Vu Minh and a delegation of Dubai businessmen will be received by a representative from the Ministry of Planning and Investment. There is a huge potential for investment and cooperation between Vietnamese and Dubai enterprises. Bilateral trade between Vietnam and Dubai is expected to reach 10 billion USD this year and 15 billion USD by 2025. Established in Germany, SAPA Thale Group is operating in finance investment in Germany, Vietnam and many other countries in the world.-VNA