Deputy PM hails Gazprom’s investment expansion plans in Vietnam

Economy, Vietnam, Vietnam Finance News
Deputy Prime Minister Trinh Dinh Dung (right) and Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee (Photo: VNA)

Hanoi (VNA)
Deputy Prime Minister Trinh Dinh Dung has called on Russian gas group Gazprom
to continue its close coordination with Vietnamese ministries, agencies, and partners
in scientific and technological application and administrative reform in order
to reduce costs and improve its investment efficiency.

While hosting a reception in Hanoi on March 14 for Vitaly Markelov, Deputy Chairman
of the Gazprom Management Committee, Dung hailed the group’s investment
projects in Vietnam.

He highlighted the fruitful development of the traditional relations,
friendship, and strategic partnership between Vietnam and Russia in all fields,
particularly in economy, trade, and investment.

Vietnam and Russia have
maintained the operation of the inter-governmental committee for cooperation in
economy-trade and science-technology with a deputy prime minister as the head
of each sub-committee and meetings held annually, he said.

Russia now ranks 23rd
among foreign investors in Vietnam, with 116 projects mainly focused on oil and
gas, industry, manufacturing, mining, transport, and telecommunications, Dung
said, noting that Vietnam is running 22 projects in Russia with total investment
of nearly 3 billion USD.

For his part, Markelov
stressed that cooperation projects in Vietnam have significantly contributed to
Gazprom’s development.

Gazprom is partnering
with the Vietnam Oil and Gas Group (PetroVietnam) and other Vietnamese partners
to implement oil and gas projects, he said, adding that the Russian group wants
to carry out new investment projects in Vietnam in the spheres of oil and gas
exploration, exploitation, transportation, processing, and marketing.

Having applauded Gazprom’s
investment expansion plans, Dung asked the Ministry of Industry and Trade and
PetroVietnam to closely coordinate with Gazprom and create conditions for its
projects in Vietnam.–VNA 

QBCA

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