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Viet Nam always opens its door wide to Omani investors

VGP – Standing Deputy PM Nguyễn Sinh Hùng had a reception with leaders of the Omani partners in the Việt Nam–Oman Investment Joint-stock Company (VOIC) who are attending the first shareholders’ meeting in Việt Nam.

VOIC is a joint venture between the State Capital Investment Corporation (SCIC) and three Omani partners – National Reserve Fund, Investment Fund and the Oman Petroleum Company – holding the initial charter capital of US $1.5 million.

Mr. Warith Mubarak Said Al Kharusi, VOIC Chairman and CEO of the Oman National Reserve Fund, revealed that VOIC is considering to raise its charter capital to US $5 million. The Omani partners also pledged to pour US $100 million in Việt Nam through VOIC.

Apart from shaking hand with SCIC, Omani investors have also cooperated with some Vietnamese corporations and companies, such as Vinashin in shipbuilding.

Deputy PM Nguyễn Sinh Hùng applauded the cooperation between SCIC and Omani partners, asserting that the Vietnamese Government always encourages Omani investors to expand their activities in Việt Nam.

He said that in the context of global economic recession, Việt Nam and other countries, including Oman, should boost up cooperation.

Considering Southeast Asia a potential market with favorable investment environment, the host hoped that VOIC will thoroughly prepare its personnel, material conditions and strategies to effectively do investment in this region in general and Việt Nam in particular.

“Cooperation in development investment will help to promote the relationship between the two countries, especially cultural exchange,” stated Deputy PM Hùng, adding that the Government is bettering the investment conditions to attract more foreign partners.

VOIC was initiated during the official visit to Oman made by Deputy PM Nguyễn Sinh Hùng in December 2007. In the trip, leaders of the two governments agreed to establish a joint investment fund to finance strategic projects in Việt Nam.

On April 16, 2008, SCIC and Omani partners inked documents on the establishment of VOIC.

The company focuses on seeking for investment chances and projects as well as providing consultancy to projects.

 
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