Foreign banks fund PVEP investment activities
The signing ceremony of the 300 million USD credit loan contract between
Petro Vietnam Exploration Production Corporation (PVEP) and a group of
foreign banks took place in Hanoi on January 18.
The signing ceremony of the 300 million USD credit loan contract between
Petro Vietnam Exploration Production Corporation (PVEP) and a group of
foreign banks took place in Hanoi on January 18.
The loan is to fund PVEP’s domestic and international exploration over the next five years. It will play an important part in PVEP’s increasing exploration and exploitation activities this year with total investment in 2013 reaching 1.9 billion USD.
PVEP is part of the Vietnam National Gas and Oil Group, and has 46 domestic and 19 international active projects.-VNA
The loan is to fund PVEP’s domestic and international exploration over the next five years. It will play an important part in PVEP’s increasing exploration and exploitation activities this year with total investment in 2013 reaching 1.9 billion USD.
PVEP is part of the Vietnam National Gas and Oil Group, and has 46 domestic and 19 international active projects.-VNA
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Long An, Japan's Okayama city explore cooperation opportunities
Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
