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PVN to seek investments from Japan

To promote the development strategy on strengthening the cooperation with foreign partners as well as to following the terms as agreed in investment promotion conference held in 2010 in Japan, National Petroleum Corporation of Vietnam (PVN) coordinated with Japanes Trading Promotion Centers (JETRO) organized a seminar “Investment cooperation between Petrovietnam and Japanese investors", chaired by Do Van Hau- General Director of PVN.

At the seminar, attendants include 130 investors from Japan in many different areas 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 ...

At the seminar, PVN introduced some key projects and called for investment including Thi Vai LNG 1MTPA Storage; Petrochemical and Petroleum Textile Joint Stock Company (PVTex); Vung Ang 1 Thermal Power Plant (NMND); Hua Na Thermal Power Plant; Nhon Trach 1 Thermal Power Plant; Phuoc An Port Project; Dung Quat shipbuilder; and other opportunities to invest in leading enterprises such as PVN, PV Gas, PTSC, PVD, PVFC...

This is the first time PVN attracted the attention of a large group of Japanese investors, marking the optimistic signals after the investment promotion programs of PVN in target markets, particularly Japan. In the next time, PVN will boost this program for other target markets.

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