Vietnam-Qatar Fund
From Taighde
Vietnam-Qatar Fund is a joint investment venture between the Qatar Investment Authority and the Vietnam State Capital Investment Corp (SCIC). It was formed on April 2, 2008 and will initially have $1 billion in funding. It is expected that the QIA will give most, if not all, of the initial funding. This fund will invest in oil, power, infrastructure and property projects in Vietnam. Owing to the nature of the QIA, investments will probably be more in infrastructure and property rather then energy sectors.
The QIA is launching a large drive towards investments in Asia and this part of the drive. Two-way trade between Vietnam and Qatar stood at US$32.8 million (??21 million) in 2007, with Vietnam's exports to the emirate worth US$12.8 million (??8.2 million), according to Vietnam News Agency.
The creation of this fund was started during the visit of the Deputy Prime Minister of Vietnam, HE Nguyen Sinh Hung during December 2007.
Qatari Diar Real Estate Investment Company and Vietnam's Ministry of Planning singed, on March 8, 2009, a cooperation agreement.
