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.....

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved