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PM suggests raising Vietnam-Oman Investment Fund

Hanoi, May 29 (Prensa Latina) Prime Minister Pham Minh Chinh suggested on Thursday expanding and increasing the Vietnam-Oman Investment (VOI) Fund's scale to 1 billion dollars to better support this nation's investment and development needs.

Minh Chinh made the statement after meeting with Oman Investment Authority (OIA) Vice Chairman Sheikh Nasser bin Suliman Al Harthi, who is on a working visit.

The Vietnamese head of Government noted that the expansion of the Investment Fund should be carried out in accordance with the scale of the economy and interest rates suitable for Vietnam’s conditions.

The prime minister also acknowledged and assessed the founding, effective, and strategic role of the VOI Fund during more than 17 years of operation in this country.

In doing so, he noted, the VOI demonstrated a long-term vision, a sustainable investment thinking, and the commitment to accompanying Vietnam’s socio-economic development, with a selective, focused, and transparent investment approach.

He noted that these investments not only create economic value but also contribute to improving public services, developing social infrastructure, and improving people’s quality of life.

Minh Chinh further proposed that Oman and the VOI Fund not only support and invest in strategic areas such as infrastructure, clean water, renewable energy, healthcare, education, and consumer finance, but also participate in supporting the development of the private economy, agriculture, and Halal food.

abo/iff/mem/mpm

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