Qatar Investment Authority

Qatar, Vietnam set up US$1b fund, eye agriculture, paper

8Natural gas exporter Qatar and Vietnam have set up a US$1 billion fund to invest in sectors including agriculture. Sovereign wealth fund Qatar Investment Authority will provide 90% of the fund's equity, Gulf Times reported, citing Phung The Long, Vietnam's Ambassador to Doha. "We have exchange ideas about setting up an animal farm for breeding cattle and lambs," The Long said.

Vietnam and Qatar in $1bn joint fund deal

Qatar and Vietnam have signed an agreement to set up a joint fund with a capital of $1bn to facilitate investments in both countries. Phung The Long, ambassador extraordinary and plenipotentiary of Vietnam in Doha, said Qatar’s contribution to the fund, through Qatar Investment Authority, would be $900mn and the balance by Vietnam.