Oman to Invest Billions in Vietnam

January 11th, 2011
in News

Petro VietnamArabian Business:  Oman will invest billions of dollars in Vietnam’s stock exchange, oil and gas industries and industrial zones, the Minister’s of Commerce and Industry, Maqbool Ali Sultan, has said.

Follow up:

On Monday, the Gulf state signed a joint agreement with Vietnam to boost capital investment between the two countries and pledged to raise its capital in the Vietnam-Oman Investment Joint Stock Company from $100m to $1bn.

The two countries have an existing $40m joint venture in Vietnam National Oil and Gas Group (PetroVietnam), a $100m investment company, and are looking at further opportunities, said Vietnam News.

Last year bilateral trade between the two countries was $25.3m, a figure which is expected to rise to $37.9m in the first eleven months of this year.  Read more at Arabian Business.....

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