Economic cooperation – solid pillar in Vietnam – Oman relations
VOV.VN - Economic cooperation between Vietnam and Oman is considered a solid pillar in bilateral relations, with two-way trade turnover in 2021 reaching US$338.1 million, an increase of 100% compared to 2020.
The figure was unveiled by Vietnamese officials and Omani Ambassador Saleh Mohamed Ahmed Al Saqri at a ceremony held recently in Hanoi to mark 30 years of diplomacy between Vietnam and Oman (June 9).
They shared the view that the Vietnam - Oman Investment (VOI) is a bright spot in the overall investment cooperation picture between Vietnam and Oman. Since its inception in 2008 the fund has injected investment into successful projects in essential fields such as agriculture, renewable energy, and infrastructure, hydroelectric power plants, safe water treatment plants.
From the initial committed capital of US$100 million in 2009, VOI has so far disbursed more than US$300 million into essential projects in Vietnam, they noted.
According to Nasser Al Harthy, chairman of the Board of Directors of VOI, the fund has made 17 investments since 2011 in many businesses and economic fields such as highways, renewable energy, urban safe water, hospitals, pharmaceuticals, universities, consumer goods, building materials, real estate, and agriculture.
These projects have contributed significantly to the development of key industries in Vietnam, promoting regional economic development and improving the quality of life of people in many localities, he stressed.
Notably, VOI, through the VOI - CME Solar Joint Venture that focuses on developing renewable energy, accompanies the Vietnamese Government to strongly implement its COP26 commitment to reduce greenhouse gas emissions.
“Together with investment partner Copper Mountain Energy (CME), we have developed 140 MWP solar power plants in Long An and nearly 100 MWP rooftop solar power to provide renewable energy directly to hundreds of local and FDI businesses in Vietnam,” said Nguyen Hong Son, CEO of VOI.
“In the next five years, we aim to achieve at least 1 GWP in renewable energy generation, equivalent to a contribution to reducing emissions of more than 1 million tonnes of CO2 annually,” he revealed.
In addition, VOI and other stakeholders have developed safe water supply plant projects to produce and distribute millions of cubic metres of safe water to millions of people in Ho Chi Minh City, Hanoi and Mekong Delta localities every day.