Prime Minister calls for raising Viet Nam-Oman Investment Fund scale to US$1 billion
VGP - Prime Minister Pham Minh Chinh hosted a reception for visiting Deputy President for Operations at Oman Investment Authority (OIA) Nasser bin Suliman Al Harthi in Ha Noi on Thursday.
Prime Minister Pham Minh Chinh (R) hosts a reception for visiting Deputy President for Operations at Oman Investment Authority (OIA) Nasser bin Suliman Al Harthi, Ha Noi, May 29, 2025 - Photo: VGP
Oman is one of Viet Nam's top potential partners in the Middle East, said Prime Minister, expressing his delight at the positive results achieved in the Viet Nam-Oman relations.
There is still significant room to expand collaboration between the two sides, noted the leader.
Pham said that he had meetings and discussions with the Gulf Cooperation Council (GCC) Secretary-General and leaders from the Gulf region at the second ASEAN–GCC Summit in Kuala Lumpur, Malaysia.
At these meetings, both sides vowed to promptly initiate negotiations on a Viet Nam-GCC Free Trade Agreement, while also exploring investment protection agreements and fostering stronger ties in areas such as digital transformation, renewable energy, financial and green economy centers, high-tech agriculture, and Halal food.
He hailed the pioneering, effective, and strategic role of the Viet Nam-Oman Investment Fund (VOI) throughout more than 17 years of operation in Viet Nam.
The Prime Minister acknowledged the VOI's long-term vision, sustainable investment mindset, and commitment to accompanying Viet Nam's socio-economic development via a selective, focused, and transparent investment approach.
He proposed that Oman expand and increase the scale of the VOI to US$1 billion to support Viet Nam's development process.
Al Harthi, for his part, said that Oman places great importance on strengthening cooperation with Viet Nam, especially in investment-a sector with great potential and a highlight in the bilateral relationship in recent times.
The OIA has collaborated with the State Capital Investment Corporation (SCIC) to establish the "Viet Nam New Era Growth Fund" with a minimum capital of US$200 million.
He affirmed that the fund will prioritize investments in potential sectors such as technology, telecommunications, finance, Halal agriculture, and digital transformation in Viet Nam, contributing to strengthening bilateral trade ties between the two countries.
Oman can become a gateway for Viet Nam into the Middle East, he told, adding that the OIA is committed to further promoting coordination with Vietnamese partners and standing ready to play a bridging role in boosting economic and investment cooperation between the two countries.
The OIA also encourages more businesses from Oman and the Middle East to explore collaboration opportunities in Viet Nam, as well as calls on Vietnamese enterprises to leverage Oman's strategic port system to increase exports to the Middle East, he said./.
