Hanoi (VNA) – Vietnam and Oman will set up a 100 million USD investment fund under an agreement between the State Capital Investment Corporation and Omani partners.

The agreement was signed on April 17 in the presence of Deputy Prime Minister Nguyen Sinh Hung and the visiting Oman National Economy Minister and Deputy Chairman of the Financial Affairs and Energy Resources Council, Ahmed Macki.

Under the agreement, Oman ’s State General Reserve Fund, Investment Fund and the Oman Oil Company will contribute 75 percent of the initial capital of the fund for investment in real estate, infrastructure and energy projects in Vietnam .

Deputy PM Hung and Minister Macki also witnessed the signing of a memorandum of understanding on cooperation between the Vietnam Construction Import-Export Corporation (Vinaconex) and the Oman Investment Fund.

Earlier, at his meeting with the Omani minister, Deputy PM Hung expressed his belief that the two countries’ cooperation would be developed with the high resolve of the two governments.

He appreciated the results of the working sessions between the Oman delegation and Vietnamese major companies, including the State Capital Investment Corporation, the Vietnam Oil and Gas Group, and the Vietnam Shipbuilding Industry Group.

During the working sessions, the two sides agreed to focus their cooperation on the fields of tourism, oil and gas, shipbuilding, maritime transport and labour.

Oman agreed to receive 1,000 Vietnamese labourers for training and working in the country.

According to Minister Macki, Oman wanted to import 40,000-50,000 tonnes of rice from Vietnam and invest in a tourism project on Cat Ba island, Hai Phong port city.

He also expressed wish that Vietnam will soon open a consulate in Oman to facilitate the granting of entry visa to Vietnam.

Source: www.vietnamembassy-brunei.org