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Vietnam National Oil and Gas Group organized an investment co-operation workshop with Japan

Vietnam National Oil and Gas Group (PVN) collaborated with Japan External Trade Organization (JETRO) to organize the Workshop on “Investment cooperation with Petrovietnam exclusively for Japanese investors” at PVN’s head quarter on August 3rd 2012, hosted by PVN General Director Nguyen Van Hau.

Addressing the event, PVN General Director Do Van Hau said

Implementing the strategy for development growth acceleration of PVN, promoting co-operation activities with foreign partners and following the investment promotion conference organized by PVN in Japan in 2010, PVN collaborates with JETRO to host this workshop in Vietnam exclusively for Japanese investors. Approximate 130 representatives from Japanese investors working in various fields attended the workshop, including many famous trademarks such as Mitsui Oil Exploration, JX Nippon Oil & Energy Corporation, JBIC, SMBC, Bank of Tokyo, Mizuho Corporate Bank, Mitsubishi Heavy Industries, Mitsubishi Construction, Mitsui Engineering & Shipbuilding, etc. At the workshop, PVN introduced some key projects which are calling for investment from foreign countries, for example, an LNG (Liquefied Natural Gas) storage facility that can hold 1 million tonnes per year in the Thi Vai LPG warehouse, PetroVietnam Petrochemical & Textile Fiber (PVTex) project, Vung Ang 1 coal-fired power plant, Hua Na hydropower plant, Nhon Trach 1 thermal power plant, and Phuoc An Port and Dung Quat Shipyard projects and many other opportunities to invest in leading corporations in Vietnam such as PV Gas, PTSC, PVD, PVFC...

PVN Deputy General Director Nguyen Tien Dung hosted the question and answer to Japanese investors.

Vietnam National Oil and Gas Group (PVN) is a leading economic corporation, playing the role of a head in the socio-economic development in Vietnam. PVN strategy is to develop Vietnamese oil and gas industry in synchronicity, multi-sectors and inter-sectors in order to become a leading economic – technical sector of the country, efficiently using domestic petroleum resources, concurrently pushing the investment in detecting, exploring and exploiting oil and gas in foreign countries, combining with export and import as the foundation for sustainable development of oil and gas sector, playing a key role in securing energy security for the industrialization and modernization in the country.

This is the first time PVN has ever attracted a majority of Japanese investors to be present at the Workshop organized at the Group head quarter, marking a positive signal following the investment promotion programs by the Group in some target markets, especially Japanese one. In the coming time, PVN will speed up this activity for enterprises in other target markets.


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