Deputy Prime Minister Nguyen Sinh Hung affirmed Vietnam’s commitment to strengthening economic ties with Oman while receiving leaders from an Omani-invested company on January 5.
At the meeting, Warith Mubarak Said Al Kharusi, Chief Executive Officer of the Vietnam-Oman investment Company (VOIC), briefed the deputy PM on the company’s activities and its plan to expand investment and cooperation.
Mr Kharusi, who also heads the Oman State Reserve Fund, said the joint venture intends to raise its registered capital to US$5 million from the initial amount of US$1.5 million. He told the Deputy PM that the Omani partners pledge to invest US$100 million in Vietnam through VOIC, which will be developed strongly to attract other investors.
For his part, Mr Hung welcomed the partnership between Vietnam’s State Capital Investment Corporation (SCIC) and Omani partners and emphasized that the Vietnamese Government always encourage Omani expansion of investment and cooperation in Vietnam.
The state leader said Vietnam strives to grow at 6.5 percent in 2009 and VOIC should prepare comprehensively before investing in the Southeast Asian markets, which have potential consumer demands.
“The Vietnamese Government is accelerating reforms to perfect the investment climate,” said Nguyen Sinh Hung, adding that cooperative investment will help enhance Vietnam-Oman relations and boost their bilateral cultural cooperation.
VOIC came into being after the Deputy PM’s official visit to the Kingdom of Oman in December 2007, during which the two sides’ leaders agreed to set up a joint investment fund for strategic projects in Viet Nam. (VOV)
Thursday, February 19, 2009
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