Vietnam, Oman to Establish US$100 Mln Joint Investment Fund
Vietnam’s State Capital Investment Corporation (SCIC) and Omani partners have signed an agreement to set up a US$100 million joint investment fund, the Saigon Liberation newspaper said Friday.
The deal was signed April 17 under the witness of Vietnam Deputy Prime Minister Nguyen Sinh Hung and the visiting Oman National Economy Minister and Deputy Chairman of the Financial Affairs and Energy Resources Council Ahmed Macki.
SCIC will hold a 25 per cent stake in the fund while three Omani investors, including the State General Reserve Fund, the Oman Investment Fund and the Oman Oil Company, contribute 75 per cent of the capital.
The fund will specialize in investing in real estate, infrastructure and energy projects in Vietnam.
During the meeting, Deputy PM Hung and Minister Macki also witnessed the signing of a cooperation agreement between the Vietnam Construction Import-Export Corporation (Vinaconex) and the Oman Investment Fund.
In addition, the Oman delegation and Vietnamese major companies agreed to focus on tourism, oil and gas, shipbuilding, maritime transport and labor sectors.
Oman agreed to receive 1,000 Vietnamese laborers for training and working in the country and wanted to import 40,000-50,000 tons of rice from Vietnam and invest in a tourism project on Cat Ba Island.
Macki hoped Vietnam will soon open a consulate in Oman. (Liberated Saigon)
Vietnamese
