Saigon times – This is the first time that Vietnam Oil and Gas Group (Petrovietnam – PVN) organized a conference to call for European investors to inject capital in 40 projects of PVN.
November 14, PVN in collaboration with the European Chamber of Commerce in Vietnam (EuroCham) organized a workshop on “Cooperation of Investment with PVN, for European investors only” in order to promote nearly 40 projects for which PVN needs to call for investment co-operation in 5 core sectors of the Group.
According to Mr. Do Van Hau, PVN’s President & CEO, to accelerate the development in accordance with corporate restructure plan submitted to the Government for approval, PVN needs to expand investment cooperation in order to call for foreign capital, especially European investors for a number of key projects.
The projects include Thi Vai LNG storage project, Nam Con Son gas pipeline project 2, Thai Binh thermal power plant project 2, Hua Na hydroelectric plant, Nhon Trach hydroelectric plant 1, petrochemical and textile joint Stock Company (PV Tex), Phuoc An port project, Dung Quat Shipyard and many financial investment opportunities in PVN’s leading enterprises.
This is the first time PVN has organized a workshop to call for investment by the investor market, after several positive exploration signals of this group at some target international markets. In the coming time, PVN will boost investment promotion on the spot with other markets.
Under PVN’s restructuring plan, this group will focus on five core business areas including oil and gas exploration and production, petrochemical refinery; gas industry; electrical industry and high-quality oil and gas services.
PNV”s assessment showed that so far, the progress of investment projects is still maintained. The previous slow progress of the country’s key projects in oil and gas and the industry”s key projects has been overcome, in order to attract investors. Three key projects of the country are currently in operation such as Dung Quat Oil Refinery, Ca Mau Power Plant 1 and 2, PM3 – Ca Mau Gas Pipeline, Nhon Trach Power Plant 1. Currently, 27 other key projects have been started for investment and construction.
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