HCMC – Vietnam’s Prime Minister Pham Minh Chinh has proposed Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), expand its investments in Vietnam, particularly in infrastructure and renewable energy sectors.
During an official visit to Qatar, Chinh met with Sheikh Bandar Al Thani, QIA chairman and Qatar’s central bank governor, on October 30 to explore collaboration opportunities, reported the Vietnamese Government news site (baochinhphu.vn).
QIA, one of the world’s largest sovereign wealth funds with assets around US$475 billion as of late 2023, is actively growing its global investment portfolio.
Previously, Vietnam’s State Capital Investment Corporation (SCIC) and QIA signed two memorandums of understanding (MoUs) to explore partnerships. Recently, the two sides agreed to establish a joint investment fund to support upcoming projects.
Chinh noted that while Vietnam and Qatar’s partnership is progressing, there remains substantial potential for growth in investment cooperation. He encouraged QIA to focus on strategic sectors in Vietnam, such as transport, renewable energy, healthcare, and education.
Sheikh Bandar Al Thani expressed interest in Vietnam’s investment landscape and announced plans to send a delegation to Vietnam to evaluate potential projects in the sectors emphasized by Chinh.
The PM assigned Vietnam’s Ministry of Planning and Investment to coordinate and provide detailed information on suitable projects for QIA’s consideration.
