Vietnam, Dubai boost investment cooperation in various sectors

Wednesday, 2018-12-19 17:52:04
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Deputy Minister of Planning and Investment Vu Dai Thang holds a working session with the Dubai business delegation.
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NDO – Dubai companies are seeking investment opportunities in various sectors in Vietnam, aiming to boost the economic development between Vietnam and Dubai.

The statement was made at a recent meeting between Dubai firms under the Bilateral Investment Cooperation Programme and the Ministry of Planning and Investment in Hanoi recently.

Deputy Minister of Planning and Investment, Vu Dai Thang, welcomed the Dubai delegation, including representatives from the World Association of Investment Promotion Agencies (WAIPA) and the Dubai Investment Development Agency (Dubai FDI), as well as executives from SAPA Thale Group, Beaufort Global and the Milcon Gulf Group.

At the meeting, the delegation presented investment plans between Dubai FDI and the SAPA Thale Group in Vietnam in various fields, including finance, banking, hi-tech development, infrastructure development, the environment, energy, transportation, real estate, hotels and tourism. They also voice their support to improve the investment environment in the country.

Deputy Minister of Planning and Investment Vu Dai Thang (second left) joins a group photo with the Dubai business delegation.

Deputy Minister Thang praised the cooperation between SAPA Thale and Dubai FDI, saying that the "Bilateral Investment Cooperation Programme" will be successful and contribute to the economic development between Vietnam and Dubai.

On behalf of the business delegation, Vietnamese-German billionaire Mai Vu Minh affirmed that the group would do their best for Dubai business and the UAE business sector to strongly invest in Vietnam in the future. The bilateral investment cooperation programme is a prerequisite for Vietnamese businesses to promote investment attraction from Dubai and the Middle East, as well as joint economic development ventures between Dubai and Vietnam in general and each business in particular, he added.

Earlier, on December 11, in Ho Chi Minh City, the signing ceremony of the Bilateral Investment Cooperation Programme took place between the Chairman of the Board of SAPA Thale Group, Mai Vu Minh and Vice President of the WAIPA and CEO of Dubai-based Dubai FDI, Fahad Al Gergawi, Beaufort Global CEO, Rene Bernad Beil, and representative from Milcon Gulf Group, Giang Ly Lien Khang.