Prime Minister Pham Minh Chinh (R) meets Governor of Qatar Central Bank and Chairman of the Board of Directors of Qatar Investment Authority (QIA) Sheikh Bandar Al Thani, Doha, Qatar, October 30, 2024 - Photo: VGP

Established in 2005, QIA is mandated to protect and grow Qatar’s financial assets, and to help diversify the economy. By the end of 2023, the authority's assets were estimated at approximately US$475 billion.

Viet Nam's State Capital Investment Corporation (SCIC) and QIA have signed two memorandums of understanding (MoUs) to enhance information exchange and explore ways to promote cooperation and investment opportunities, especially regarding investment in the Southeast Asian nation.

Based on these MOUs, SCIC and QIA have established a joint committee between the two entities. Currently, the SCIC is discussing and reaching consensus on the signing of a MOU to establish a joint investment fund with QIA.

Pham hailed the performance of the QIA, which has contributed to advancing economic development and investment in Qatar and the Middle East, as well as the agency's cooperation with the SCIC.

He called on QIA to consider increasing investments in Viet Nam, focusing on strategic infrastructure projects such as expressways, high-speed and urban railways, subways, seaports, transit airports, telecommunications, climate-resilient infrastructures, digital transformation, and social infrastructures such as healthcare and education.

The Vietnamese leader also urged the Qatari agency to boost investment wind and solar power projects, energy storage, and power transmission systems.

He welcomed QIA to send a delegation to Viet Nam, while encouraging the agency to hold direct discussions with Vietnamese agencies, strengthen cooperation with the SCIC and enhance consultation and policy recommendations.

The Vietnamese government guarantees the legal and legitimate rights and interests of investors, affirmed Pham.

Sheikh Bandar Al Thani lauded the fruitful development in the Viet Nam-Qatar relations, adding that Viet Nam is an emerging market with numerous investment opportunities, while QIA's strategy focuses on increasing investments in the Far East and East Asia, selecting locations for long-term investment.

He hailed the information shared by the Prime Minister regarding Viet Nam's investment environment and priorities in attracting investments.

QIA stands ready to expand its investments in Viet Nam in the near future and will send a delegation to Viet Nam to promote specific projects, especially in the areas mentioned by the Vietnamese leader, he affirmed./.