During the meeting, both sides expressed appreciation for the growing financial and investment cooperation between Viet Nam and Oman in recent years, particularly through the Viet Nam - Oman Investment Joint Stock Company, a strategic joint venture between OIA and Viet Nam’s State Capital Investment Corporation (SCIC), operating since 2008.
The company has made effective investments in essential sectors such as infrastructure, healthcare, education, sustainable agriculture, technology, and digital transformation in Viet Nam.
The Omani delegation reaffirmed its long-term commitment to cooperation with Viet Nam, emphasising that Oman was the first Gulf nation to invest in the country. OIA representatives expressed readiness to share experience in building and operating international financial centres, a strength of Oman, to support Viet Nam’s efforts in developing such centres in Ho Chi Minh City and Da Nang.
Both parties agreed to promote potential areas of cooperation, including: the development of financial centres in Viet Nam with the participation of international financial institutions, especially from the Middle East; expansion of investment in technology, start-ups, digital transformation, and sustainable development; and exploration of joint investment fund opportunities between enterprises from both countries, targeting regional-scale projects.
 |
| Minister of Finance Nguyen Van Thang at the meeting. (Photo: Ministry of Finance) |
Minister Nguyen Van Thang acknowledged and highly valued OIA’s role in facilitating the flow of quality capital into Viet Nam. He affirmed that Viet Nam’s senior leadership strongly encourages the presence of capable, reputable foreign investment funds with long-term strategies. The Minister expressed hope that OIA would increase its investment in Viet Nam to 1 billion USD, prioritising key projects in finance, infrastructure, innovation, and sustainable development.
In particular, the Minister invited Omani funds to actively invest in projects currently developing international financial centres in Ho Chi Minh City and Da Nang, two localities designated to become regional financial hubs. Oman’s experience in developing modern, flexible, and globally integrated financial models is considered a valuable asset for Viet Nam’s policy formulation and implementation.
The Omani side proposed addressing institutional and procedural bottlenecks, as well as developing highly competitive policies to attract international institutional investors.
In response, the Minister stated that the Ministry of Finance is finalising new policies to enhance the appeal of foreign direct investment, particularly from enterprises with genuine capabilities and high added value.
The meeting reflected the strong determination and high consensus between both sides to expand Viet Nam - Oman financial and investment cooperation in the coming period.
