Vietnam seeks to strengthen comprehensive cooperation with Oman: Deputy FM Nguyen Minh Hang
WVR - On September 23, during a working visit to Oman, Deputy Foreign Minister Nguyen Minh Hang held meetings with Sheikh Faisal Abdullah Al Rawas, Chairman of the Oman Chamber of Commerce and Industry (OCCI), and Nasser Bin Suleiman Al-Harthy, Deputy Chairman of the Oman Investment Authority (OIA).
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| Deputy Foreign Minister Nguyen Minh Hang meets with the Deputy Chairman of the Oman Investment Authority and Chairman of the Vietnam-Oman Investment Fund. (Photo: WVR) |
In the meeting with Nasser Bin Suleiman Al-Harthy, Deputy Chairman of OIA and Chairman of the Vietnam-Oman Investment Fund (VOI), Deputy Foreign Minister Nguyen Minh Hang praised OIA's role as a pioneering investor in Oman and the GCC region, which has been early in implementing investment projects in Vietnam. This has significantly contributed to the positive development of Vietnam-Oman relations. She expressed delight at OIA's achievements, with total investment in Vietnam exceeding 500 million USD.
Deputy Foreign Minister Nguyen Minh Hang urged OIA to expand investments into sectors such as technology, financial centres, strategic infrastructure, and high-tech agriculture.
Highlighting Vietnam's vast development potential, Deputy Chairman Nasser Bin Suleiman Al-Harthy noted that Oman was among the first GCC countries to invest in Vietnam. He expressed support and appreciation for Vietnam's current reforms, particularly in economic and institutional areas, which have created a favourable investment and business environment for foreign investors, opening up numerous new cooperation opportunities.
The Deputy Chairman of OIA reaffirmed that OIA will continue to enhance and improve the effectiveness of its investment activities in Vietnam. He encouraged investors from Oman and the GCC region to participate in investment projects, aiming to increase OIA's investment scale in Vietnam to 1 billion USD, as committed during the meeting with Prime Minister Pham Minh Chinh in May 2025.
Both sides also agreed to promote the signing of cooperation agreements in areas such as food security, financial centers, and the construction of Halal industrial zones.
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| Deputy Foreign Minister Nguyen Minh Hang meets with the Chairman of the Oman Chamber of Commerce and Industry. (Photo: WVR) |
During the meeting with OCCI Chairman Sheikh Faisal Abdullah Al Rawas, both sides engaged in extensive discussions on the potential for economic, trade, and investment cooperation, agreeing to implement specific measures to boost bilateral relations in the near future.
The OCCI Chairman highly valued Vietnam's position and development potential, affirming that the Vietnamese market is highly attractive not only to Omani investors but also to those from the Middle East and internationally.
Emphasizing that Vietnam is not only a beacon of economic growth but also admired for its people, culture, and resilient history, the OCCI Chairman noted that Vietnam is entering a new era of development, transitioning from an international manufacturing hub to a center of innovation. He affirmed readiness to collaborate with relevant agencies from both countries, especially the Vietnam Chamber of Commerce and Industry (VCCI), to further strengthen connections between the business communities and investors of the two nations.
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| The Chairman of the Oman Chamber of Commerce and Industry affirms that the Vietnamese market is highly attractive not only to Omani investors but also to those from the Middle East and internationally. |
Deputy Minister Nguyen Minh Hang reaffirmed Vietnam's desire to strengthen comprehensive cooperation with Oman, particularly in areas such as economy, investment, oil and gas, and agriculture. She urged OCCI to enhance information dissemination to Omani investors, businesses, and partner countries about economic, trade, and investment opportunities in Vietnam. She encouraged OCCI and VCCI to expand their cooperation portfolio to include innovation, creativity, and artificial intelligence, and to coordinate in organizing business delegations between Oman and Vietnam, especially during international fairs and exhibitions in both countries, significantly contributing to elevating Vietnam-Oman relations to new heights.
