
At a meeting with Senior Director, InternationalGovernment Relations at ExxonMobil (the US) Peter Lavoy, Hue appreciated the corporation’sefforts to implement and complete the signing of the agreement in principles onguarantee and commitments of the Government.
He said that Ca Voi Xanh (Blue Whale) project with atotal investment of 20 billion USD to produce offshore natural gas in centralVietnam is an important condition for Vietnam to build and operate gas-firedpower plants in the central region, suggesting ExxonMobil and the VietnamOil and Gas Group (PetroVietnam) continue to work closely to maintain the schedule andbring the first gas flow ashore by 2024.
Vietnam's policy is to increase wind power, gradually reducecoal-fueled power, and increase liquefied petroleum gas, Hue said, asking thecorporation to resume construction of refining and petrochemical projects inVietnam, which are being delayed due to the COVID-19 pandemic.

During his meeting with Eddy Bruyninckx, a representative of International Port Engineering & Investments Limited (IPEI), Hue affirmed that Vietnam is paying special attention to developingthe logistics industry. He spoke highly of the company’s activities in Vietnam, particularlyinvestment projects in industrial zones in Hai Phong and Quang Ninh.
He suggested the company and other partners continue to study and shareexperience in the construction of industrial parks with internationalstandards, in order to attract more ODA capital.
Vietnam is committed to accompanying and creating favourableconditions for investors to invest and do business in the country, the NA Chairman added.
At the meetings, foreign investors appreciated Vietnam'sefforts in socio-economic development and COVID-19 prevention and control. Theyalso acknowledged the Vietnamese legislature’s renovations in accompanying theGovernment, thus creating favourable conditions in terms of policies and lawsfor investors to invest and do business in Vietnam./.