Prime Minister Pham Minh Chinh has proposed Oman raise the scale of the Vietnam – Oman Investment (VOI) Fund to $1 billion to better support Vietnam’s investment and development needs. 

The Vietnamese Government leader made the suggestion during a reception for Mr. Sheikh Nasser bin Suliman Al Harthi, Deputy President for Operations of Oman Investment Authority (OIA) in Hanoi on May 29.

The PM was quoted by the Vietnam News Agency as telling his guest that Vietnam highly values the pioneering, effective, and strategic role of the VOI Fund during more than 17 years of operations in Vietnam.

He suggested the fund not only support and invest in strategic fields such as infrastructure transport, clean water, renewable energy, healthcare, education, and consumer finance, but also participate in supporting Vietnam’s private economic development, as well as agriculture and the Halal food sector.

The OIA Deputy President said that the OIA has collaborated with the State Capital Investment Corporation (SCIC) to establish the Vietnam new era growth fund with a minimum capital of $200 million. He confirmed that the fund will prioritise investment in potential sectors such as technology, telecommunications, finance, Halal agriculture, and digital transformation in Vietnam.

Source: VnEconomy