The Vietnam Chamber of Commerce and Industry (VCCI) and its Omanicounterpart on Jan. 10 signed an agreement to establish the Vietnam-OmanBusiness Council.
Speaking at the signingceremony, VCCI Vice Chairman Doan Duy Khuong said the council will workas a bridge for businesses and concerned agencies of the two countriesto exchange information as well as economic, trade and investmentpolicies, so they could put forward proposals to the governments toremove difficulties and develop bilateral relations.
“VCCI is ready to support and create favourable conditions forbusinesses from the two countries to cooperate,” the official said.
Khuong said the governments of Vietnam and Oman are activelycarrying out cooperation programmes covering economic, trade andinvestment areas. In particular, the Vietnamese government is planningto set up Vietnam-Africa and Vietnam-Middle East Business Forums in aneffort to step up economic ties with nations in the two regions, hesaid.
Meanwhile, Chairman of the Oman Chamber ofCommerce and Industry Khalil Bin Abdulla Al Khonji said he hoped thatthe council would begin operations this year, to facilitatecooperation plans, especially in finance, banking, tourism, real estate,oil and gas, and thermoelectric power.
On the same day, Vietnam and Oman signed an investment promotion and protection agreement.
According toVCCI, bilateral economic cooperation still has limitations. By the endof November 2010, two-way trade stood at just 37.9 million USD, of which7.7 million USD came from Vietnamese exports.
Vietnam mainly exported foods, foodstuffs, coffee, garments, pepper,fruits and vegetables and footwear to Oman , while importingautomobile components and plastics materials from the Arabian country.
Oman is considered a potential labour market for Vietnam as 70 percent of its workforce are foreigners./.
Speaking at the signingceremony, VCCI Vice Chairman Doan Duy Khuong said the council will workas a bridge for businesses and concerned agencies of the two countriesto exchange information as well as economic, trade and investmentpolicies, so they could put forward proposals to the governments toremove difficulties and develop bilateral relations.
“VCCI is ready to support and create favourable conditions forbusinesses from the two countries to cooperate,” the official said.
Khuong said the governments of Vietnam and Oman are activelycarrying out cooperation programmes covering economic, trade andinvestment areas. In particular, the Vietnamese government is planningto set up Vietnam-Africa and Vietnam-Middle East Business Forums in aneffort to step up economic ties with nations in the two regions, hesaid.
Meanwhile, Chairman of the Oman Chamber ofCommerce and Industry Khalil Bin Abdulla Al Khonji said he hoped thatthe council would begin operations this year, to facilitatecooperation plans, especially in finance, banking, tourism, real estate,oil and gas, and thermoelectric power.
On the same day, Vietnam and Oman signed an investment promotion and protection agreement.
According toVCCI, bilateral economic cooperation still has limitations. By the endof November 2010, two-way trade stood at just 37.9 million USD, of which7.7 million USD came from Vietnamese exports.
Vietnam mainly exported foods, foodstuffs, coffee, garments, pepper,fruits and vegetables and footwear to Oman , while importingautomobile components and plastics materials from the Arabian country.
Oman is considered a potential labour market for Vietnam as 70 percent of its workforce are foreigners./.
