In Nam Dinh province, March 18th 2011, Petrovietnam National Oil and Gas Group and Nam Dinh provincial people committee signed a holistic cooperative agreement to increase bilateral cooperation of their strengths, especially promote to implement investment projects of Petrovietnam National Oil and Gas Group (PVN) and its member companies in Nam Dinh. According to the agreement, PVN will make conditions for their member companies, or coordinate with Nam Dinh’s provincial enterprises, or coordinate with domestic firms to invest projects in their same interests. The member companies will invest in business operation activities in this area such as: petroleum trading network, fertilizer and LGP; particularly invest in construction of commercial service urban and support Nam Dinh’s social security programs. In the meantime, based on Nam Dinh People Committee’s introduction, PVN will lead their member companies to concentrate on regional projects concerning below issues: 1 – Petrovietnam PetroChemical and Textile Fiber Joint Stock Company (PVTex), will coordinate Vinatex and related companies to immediately establish a joint-stock company for investing a textile company-stage 1 with a capacity of 60 thousand fabrics. 2 – Petrovietnam Construction Joint Stock Corporation (PVC) will coordinate with Vinatex and related units to set up a joint stock company for building a five-star hotel on an area of Nam Dinh’s Textile factory. 3 – Petrovietnam Fertilizers and Chemicals JSC (PVFCCo) invest a synthesized fertilizer production factory. 4 – Petrovetnam Gas Joint Stock Company (PVGAS) will cooperate with Thien Truong Company to invest Commercial Center and offices for lease in Hoa Vuong urban, Nam Dinh city. 5 – Petrovietnam Oil Joint Stock Company (PV Oil) will do research and invest petroleum depot in Ninh Co economic zone. 6 – Petrovietnam Technical Services Corporation (PTSC) will build a deep-water port in Ninh Co economic zone. Nam Dinh provincial people committee will lead its local authorities to agree necessary procedures quickly for PVN and their member companies in selection of project research & investment, premise transitions, and finishing procedures for land to implement the projects in exact timeline; immediately starting by introduction of suitable places for 6 foregoing plans. The province will make conditions for PV Oil constructing regional petroleum trading outlets following provincial restructuring plans. The province will also support and give priorities to PVN and PVN’s companies in process of not only implementing investment and business operation activities plans but also investing in local projects, especially making sure that procedure preparation will be taken place easily and that spaces in the new project will be in satisfactory compensation. Nam Dinh province will have suitable conditions for PVN getting in touch with local businesses in investment fields such as: investment, business operation, brand building, build provincial fertilizer, LGP and petroleum distribution network; provide PVN’s member companies with conditions for developing pure energy utilization programs (such as LPG, CNG, E5…) to replace old energy, meeting business operation and social demands. To concretize the holistic cooperative agreement, PVN member companies – PVC and The Vietnam National Textile and Garment Group’s member companies signed the cooperative agreement regarding building a five-star hotel project in Nam Dinh at the event; besides PVFCCo and Nam Dinh ’s Department of Planning and Investment signed the cooperative agreement of investment in the synthesized fertilizer production factory and commencement of Nam Dinh’s PVTex fabric joint stock company. 
