SCIC Attends Meeting with Oman’s Undersecretary for Political Affairs: Promoting Investment Cooperation and Expanding Strategic Sectors

On November 5, 2026, in Hanoi, Mr. Nguyen Minh Vu, Member of the Party Central Committee and Permanent Deputy Minister of Foreign Affairs of Vietnam, received H.E. Sheikh Khalifa bin Ali bin Issa Al Harthy, Undersecretary of the Foreign Ministry for Political Affairs of the Sultanate of Oman, during his visit and working trip to Vietnam.

The meeting was attended by Ambassador Abdulaziz bin Mohammed Al Hosni, Director General of Asia and Pacific Department at Oman’s Foreign Ministry, and the Omani delegation. Representing SCIC and Vietnamese enterprises were Mr. Nguyen Chi Thanh, Chairman of SCIC’s Board of Members; Mr. Nguyen Xuan Giao, General Director of Vietnam-Oman Investment Joint Stock Company (VOI); and Mr. Tran Long, Deputy General Director of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV).

VOI – A Highlight of Bilateral Investment Cooperation between Vietnam and Oman

Vietnam and Oman officially established diplomatic relations on June 9, 1992. Over more than three decades, economic and investment cooperation between the two countries has made significant progress, notably with the establishment of the Joint Committee for Economic and Technical Cooperation in 2008, which laid the foundation for the establishment of Vietnam-Oman Investment Joint Stock Company (VOI).

To date, VOI has become a symbol and a prominent model of successful investment cooperation between the two countries. VOI has disbursed a total of USD 510 million into key projects across essential sectors, including infrastructure, energy, industry, finance, education, healthcare and real estate, significantly exceeding its initial investment commitment of USD 100 million.

Welcoming the visit of H.E. Sheikh Khalifa bin Ali bin Issa Al Harthy, Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu emphasized that the meeting took place at a particularly significant time, as the two countries are moving towards the 35th anniversary of the establishment of diplomatic relations (June 9, 1992 – June 9, 2027). The meeting provided an opportunity to usher in a new phase of bilateral cooperation, against the backdrop of Oman’s active implementation of Oman Vision 2040 and Vietnam’s strong determination to achieve its strategic development objectives for 2030 and 2045.

SCIC Proactively Proposes and Expands New Cooperation Opportunities

At the meeting, Mr. Nguyen Chi Thanh, Chairman of SCIC’s Board of Members, provided updates on the Corporation’s recent key activities and shared SCIC’s priority investment orientations for the coming period, particularly in the fields of digital technology and green energy.

The Chairman proposed that both sides continue to effectively explore investment cooperation opportunities in areas of mutual interest. He also shared SCIC’s orientation towards coordinating efforts to mobilize international capital for the development of the International Financial Centre in Vietnam.

At the meeting, both sides highly appreciated the tangible results achieved in bilateral cooperation, particularly the positive investment performance of VOI Fund, and agreed on key orientations to further promote bilateral relations in the coming period.

Accordingly, both sides agreed to optimize existing cooperation mechanisms, strengthen strategic linkages between Oman Vision 2040 and Vietnam’s long-term development objectives, and continue expanding the scale and enhancing the effectiveness of VOI’s investment projects.

On this basis, Permanent Deputy Minister Nguyen Minh Vu called on SCIC to play a focal coordinating role in consolidating investment opportunities from Vietnamese enterprises, proactively facilitating connections, exchanges and broader cooperation with Omani partners.

Delegates pose for a commemorative photo