Prime Minister proposes to increase the scale of Vietnam - Oman Investment Fund to 1 billion USD

(Chinhphu.vn) - On the afternoon of May 29, Prime Minister Pham Minh Chinh received Vice Chairman of the Oman Investment Authority (OIA) Nasser bin Suliman Al Harthi, who is visiting and working in Vietnam.

Prime Minister Pham Minh Chinh received Vice Chairman of the Oman Investment Authority (OIA) Nasser bin Suliman Al Harthi - Photo: VGP/Nhat Bac

Welcoming OIA Vice President Sheikh Nasser bin Suliman Al Harthi and the OIA delegation to visit and work in Vietnam, Prime Minister Pham Minh Chinh highly appreciated the working trip in the context of Vietnam - Oman relations continuing to be consolidated and strongly developed in many fields, especially in investment and economic cooperation.

Considering Oman as one of the leading potential partners in the Middle East, Prime Minister Pham Minh Chinh expressed his delight at the positive results of the cooperation between Vietnam and Oman, however, there is still a lot of room to expand cooperation between the two sides.

According to the Prime Minister, at the recent 2nd ASEAN – Gulf Cooperation Council (GCC) Summit, the Prime Minister had a meeting and discussion with the Secretary General of the GCC and leaders of the Gulf region. The two sides highly agreed on the early launch of negotiations on the Vietnam – GCC free trade agreement, while studying investment protection agreements and promoting cooperation in areas such as digital transformation, renewable energy, financial centers and green economy, high-tech agriculture, Halal food, etc.

Prime Minister Pham Minh Chinh acknowledged and highly appreciated the pioneering, effective and strategic role of the Vietnam - Oman Investment Fund (VOI) during more than 17 years of operation in Vietnam, demonstrating a long-term vision, sustainable investment thinking and commitment to accompany the socio-economic development of Vietnam, with a selective, focused and transparent investment approach that VOI is implementing.

The Prime Minister proposed that Oman expand and raise the scale of the Vietnam - Oman Investment Fund to 1 billion USD to better support Vietnam's investment and development needs, in line with the scale of the economy, with interest rates suitable to Vietnam's conditions - Photo: VGP/Nhat Bac

Emphasizing that these investments not only create economic value, but also contribute to improving public services, developing social infrastructure and improving people's quality of life, the Prime Minister suggested that Oman expand and increase the scale of the Vietnam - Oman Investment Fund to 1 billion USD to better support Vietnam's investment and development needs, in line with the scale of the economy, with interest rates suitable to Vietnam's conditions.

The Prime Minister proposed that Oman and VOI not only support and invest in strategic areas such as infrastructure, clean water, renewable energy, healthcare, education, consumer finance, etc., but also participate in supporting the development of Vietnam's private economy, as well as in the fields of agriculture and Halal food; believing that with the support of strategic partners such as Oman, the two sides will together build a deeper, more effective and more sustainable cooperative relationship.

Agreeing with Prime Minister Pham Minh Chinh’s opinion, especially on increasing the scale of the Vietnam – Oman Investment Fund, Vice President Al Harthi said that Oman could become a gateway for Vietnam to enter the Middle East; OIA pledged to further strengthen cooperation with Vietnamese partners - Photo: VGP/Nhat Bac

OIA Vice President Sheikh Nasser bin Suliman Al Harthi sincerely thanked the Prime Minister for taking the time to receive the delegation; emphasizing that Oman attaches importance to strengthening cooperation with Vietnam, especially investment cooperation - a field with great potential and a bright spot in bilateral relations in recent times.

Informing that OIA has cooperated with the State Capital Investment Corporation (SCIC) to establish the "Vietnam New Era Growth Fund" with a minimum capital of 200 million USD, Mr. Sheikh Nasser bin Suliman Al Harthi affirmed that the Fund will prioritize investment in potential fields such as technology, telecommunications, finance, Halal agriculture, digital transformation... in Vietnam, contributing to increasing bilateral trade between the two countries.

Agreeing with Prime Minister Pham Minh Chinh’s opinion, especially on increasing the scale of the Vietnam – Oman Investment Fund, Vice President Al Harthi said that Oman could become a gateway for Vietnam to enter the Middle East; OIA pledged to further strengthen cooperation with Vietnamese partners, ready to play the role of a bridge in promoting economic and investment cooperation between the two countries, encouraging more Omani and Middle Eastern enterprises to explore cooperation opportunities in Vietnam, as well as calling on Vietnamese enterprises to take advantage of the strengths of the seaport system in Oman to increase exports of goods to the Middle East region.

Ha Van

Source: https://baochinhphu.vn/thu-tuong-de-nghi-nang-quy-mo-quy-dau-tu-viet-nam-oman-len-1-ty-usd-102250529132252319.htm