HCMC – Prime Minister Pham Minh Chinh has called on Oman to raise the Vietnam-Oman Investment Fund to US$1 billion to better support Vietnam’s investment and development needs.
The Government leader met with Nasser bin Suliman Al Harthi, deputy president for operations of the Oman Investment Authority (OIA) yesterday, May 29, who is on a working visit to Vietnam, said local news reports.
He praised the Vietnam-Oman Investment Fund (VOI) for its more than 17 years of operation in Vietnam, highlighting its sustainable investment strategy and strong commitment to supporting the country’s socio-economic development.
Oman should consider expanding the Vietnam-Oman Investment Fund to US$1 billion to better meet Vietnam’s investment and development needs, with interest rates aligned with the country’s conditions, Chinh said.
He called on Oman and the Vietnam-Oman Investment Fund (VOI) to not only support and invest in strategic sectors such as infrastructure, clean water, renewable energy, healthcare, education, and consumer finance, but also to contribute to the development of Vietnam’s private sector and invest in agriculture and the halal food industry.
OIA has partnered with the State Capital Investment Corporation (SCIC) to launch the “Vietnam New Era Growth Fund” with initial capital of at least US$200 million.
According to Nasser bin Suliman Al Harthi, the fund will focus on high-potential sectors including technology, telecommunications, finance, halal agriculture, and digital transformation in Vietnam, helping to strengthen bilateral trade ties between the two countries.
Nasser said Oman could act as a gateway for Vietnam to enter the Middle East. The Oman Investment Authority (OIA) pledged to deepen cooperation with Vietnamese partners, promote investment from Omani and Middle Eastern businesses in Vietnam, and urged Vietnamese companies to capitalize on Oman’s port infrastructure to expand exports to the region.
