Monday, August 21, 2017 - 4:12:07

PVN seeks US support for projects

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The Vietnam National Oil and Gas Group (PetroVietnam) called for foreign investment in 26 infrastructure, electricity and finance projects at a conference held on Sept. 15 in Washington.

The conference titled Opportunity to Invest in Vietnam: Energy and Finance was part of a 10-day investment promotion programme organised by PetroVietnam, the Vietnam Chamber of Commerce and Industry and the US Chamber of Commerce.

The event aimed at enhancing the group's co-operation with foreign partners seeking investment in PetroVietnam's important projects including Dung Quat Oil Refinery Plant, Long Son Oil Refinery Plant, Nam Con Son 2 Gas Pipeline project, Quang Trach 1 and Long Phu 1 thermo-electricity plants, Petro Tower, An Phuoc and Hon Khoi ports.

Under the programme, PetroVietnam met with leaders from US economic organisations and companies, including Goldman Sachs, McKinsey, TPG, Morgan Stanley and New York Stock Exchange.

The programme has brought significant results to the group by directly introducing projects to US investors. PetroVietnam signed a memorandum with McKinsey Group to support investment promotion activities, attract foreign investment and improve competitiveness. /.
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