Viet Nam, Oman to set up 100 million USD investment fund
Hanoi (VNA) – Viet Nam 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 Viet Nam .
Deputy PM Hung and Minister Macki also witnessed the signing of a memorandum of understanding on cooperation between the Viet Nam Construction Import-Export Corporation (Vinaconex) and the Oman Investment Fund.
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