Title for Episode VIII of world’s famous saga ‘Star Wars’ revealedSociety & Culture January 23, 21:19
Russia’s chief negotiator: Astana format gives hope for new level in negotiating processRussian Politics & Diplomacy January 23, 20:52
Astana talks focusing on mechanism of Syria ceasefire observance — oppositionWorld January 23, 20:23
Russia and Turkey hit Islamic State targets near al-Bab in Aleppo provinceWorld January 23, 20:06
Russia’s 4th Yasen-class submarine completes hydraulic testsMilitary & Defense January 23, 18:56
Arctic airport in search for investorsBusiness & Economy January 23, 18:50
Rosneft begins Arctic shelf’s seismological exploration from 2017Business & Economy January 23, 18:38
Tesla takes the lead in sales of electric cars in Russia in 2016Business & Economy January 23, 18:18
Politician says European-style reforms to degrade Ukraine’s economyWorld January 23, 18:16
SOCHI, May 20. /TASS/. Russia is planning to set up joint investment funds with participation of the Russian Direct Investment Fund (RDIF) with certain ASEAN member-states, particularly with Vietnam and Brunei, the Economic Development Minister Alexey Ulyukayev said Friday.
"We’ve reached agreements on creation of joint investment funds. The Russian Direct Investment Fund presents the Russian side while sovereign funds of certain ASEAN states will present our partners," he said, adding that "agreements with Vietnam and Brunei and probably some other countries are being prepared."
As was reported earlier on May 16 the RDIF and Vietnam’s State Capital Investment Corporation (SCIC) had signed a memorandum on the creation of an investment platform between the two countries. Investments, which are expected to top $500 mln, will be directed to companies and projects fostering foreign trade, growth of foreign direct investments between Vietnam and Russia, and promotion of business of medium and major Vietnam’s companies in the territory of Russia, the Russian Fund said.
The Russian Direct Investment Fund was established in 2011 to make equity co-investments, primarily in Russia alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy.
State Capital Investment Corporation (SCIC) founded in 2006 is a strategic investment arm of Vietnam’s government, which focuses on effectively managing the state interest at companies and projects.