Oman fostering investments in Vietnam

Sovereign fund increasing investments in water and other projects throughout Vietnam

September 7, 2015 BY MINH TIEN

The State General Reserve Fund of Oman (SRGF) is strengthening its investments in Vietnam through the Vietnam – Oman Investment Company (VOI).

Through VOI, a joint venture founded in 2009 between the two sovereign wealth funds of Oman and Vietnam – SGRF and the State Capital Investment Corporation (SCIC) – Oman has bolstered its investment in Vietnam over recent times.

On August 31 at the Sheraton Hotel in Ho Chi Minh City, VOI signed a cooperation agreement with the Manila Water Company (MWC) and the Saigon Water Infrastructure Corporation (SII) to further strengthen strategic cooperation and investment in water infrastructure in Vietnam.

“We are very proud of this partnership”, said new VOI Chairman Abdullah Al-Harthy. “The SRGF is very keen to enhance and extract value from sectors that play a vital role in Vietnam’s growth story. We have been confidently working with CII on a number of projects with a high impact on the economic and social development of Vietnam. In particular, CII, MWC and ourselves find that there is an urgent need and huge economic value for new water network development in areas where people have limited access to clean water.”

Capitalizing on support from the governments of Vietnam and Oman, VOI mainly focuses on long-term value investments in growth sectors such as power plants, toll roads, water supply, ports and logistics, consumer goods, healthcare, agriculture, and manufacturing,.

VOI’s investee companies are leading corporations in their sectors, such as Vinmec International Hospital, the Ho Chi Minh City Infrastructure Investment JSC (CII), SII, the Vinh Son – Song Hinh Hydro Power Plant, and the Toan My Highway 14 BOT JSC.