Both sides praised the growing financial and investment partnership between the two countries, particularly through VOI, a strategic joint venture between the OIA and the State Capital Investment Corporation (SCIC) of Vietnam, established in 2008. Over the years, VOI has made impactful investments in vital areas such as infrastructure, healthcare, education, sustainable agriculture, technology, and digital transformation.
The Omani side affirmed its long-term commitment to Vietnam, noting that Oman was the first Gulf nation to invest in the country. Representatives from the OIA also expressed their willingness to share expertise in developing and operating international financial centers – a key strength of Oman – to support Vietnam’s plans to establish such hubs in Ho Chi Minh City and Da Nang.
The two parties agreed to explore new avenues for cooperation, particularly in developing Vietnam’s financial hub with the participation of international financial institutions, especially from the Middle East. Other key areas of collaboration include expanding investment in technology, start-ups, digital transformation, and sustainable development. They also discussed the potential formation of joint investment funds between Vietnamese and Omani enterprises, aimed at regional-scale projects.
The Finance Minister welcomed Oman’s contribution of quality capital and urged the OIA to expand its investment in Vietnam to 1 billion USD, focusing on finance, infrastructure, innovation, and sustainability.
He invited Omani funds to join projects developing international financial centers in Ho Chi Minh City and Da Nang, valuing Oman’s experience in modern, globally integrated financial models.
The Omani side called for Vietnam to address regulatory hurdles and adopt competitive investment policies.
In response, the Minister said new FDI policies are being finalized to attract high-value investors, streamline licensing, and foster a transparent, efficient investment environment.
Source: VNA