Raise Vietnam-Oman Investment Fund scale to $1 bn: PM Pham Minh Chinh
Vietnamese Prime Minister Pham Minh Chinh recently proposed to the Oman Investment Authority (OIA) that Oman should expand and increase the scale of the Vietnam-Oman Investment Fund (VOI) to $1 billion to support development in the Southeast Asian country.
The proposal came at a reception hosted by the prime minister for visiting OIA deputy president for operations Nasser bin Suliman Al Harthi in Hanoi.
Vietnamese PM Pham Minh Chinh recently proposed to the Oman Investment Authority that Oman should expand and increase the scale of the Vietnam-Oman Investment Fund to $1 billion to support development in the Southeast Asian country. The proposal came at a reception hosted by the prime minister for visiting OIA deputy president for operations Nasser bin Suliman Al Harthi in Hanoi.
Though Oman is one of Vietnam's top potential partners in the Middle East, there is still significant room to expand bilateral collaboration, noted the said prime minister.
He said that during his meetings with the Gulf Cooperation Council (GCC) secretary general and leaders from the Gulf region at the second ASEAN-GCC Summit in Kuala Lumpur, both sides vowed to promptly initiate negotiations on a Vietnam-GCC free trade agreement, while also exploring investment protection agreements and fostering stronger ties in areas like digital transformation, renewable energy, financial and green economy centres and high-tech agriculture, according to a domestic media report.
VOI has been operating for more than 17 years in Vietnam.
OIA has collaborated with the State Capital Investment Corporation (SCIC) to establish the Vietnam New Era Growth Fund, with a minimum capital of $200 million.
The OIA deputy president affirmed that the fund will prioritise investments in potential sectors like technology, telecommunications, finance, agriculture and digital transformation in Vietnam.
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