NA Vice Chairman welcomes ExxonMobil Vice President

Vice Chairman of the National Assembly Phung Quoc Hien held a reception for Paul Greenwood, Vice President of Africa and Asia Pacific Business Development at ExxonMobil Gas and Power Marketing in Hanoi on November 9.
NA Vice Chairman welcomes ExxonMobil Vice President ảnh 1ExxonMobil will invest in the gas exploitation project at Ca Voi Xanh (Blue Whale) field (Photo: VNA)

Hanoi (VNA) – Vice Chairman of the National Assembly Phung Quoc Hien helda reception for Paul Greenwood, Vice President of Africa and Asia PacificBusiness Development at ExxonMobil Gas and Power Marketing in Hanoi on November9.

Lauding Greenwood’s visit to Vietnam to attend the APEC 2017 Economic Leaders’Week, Hien appraised ExxonMobil’s participation in the gas exploitation andinvestment project at Ca Voi Xanh (Blue Whale) field.

The project will help Vietnam ensure national energy security and lay a foundationto construct and operate its gas power plants in the central region, he said,noting that the Vietnamese National Assembly will create favourable conditionsto ensure sound implementation of the project in line with Vietnamese andinternational regulations.

For his part, Greenwood stressed that the Ca Voi Xanh project is important tothe corporation in bolstering its cooperation with Vietnamese Government in exploitingand producing oil and gas products.

ExxonMobile expects to receive support from the Vietnamese Government andNational Assembly so that the cooperative project can be successful to bringbenefits to both sides.

Ca Voi Xanh field is about 100 kilometres east of the central coast. The PrimeMinister approved the construction of four gas-fired power plants in thecentral provinces of Quang Nam and Quang Ngai with total capacity of 3,000 MWusing gas from the field. The PM also agreed to use part of the gas taken fromthe field to develop oil refinery industry.

Over the past 135 years, ExxonMobil has evolved from a regional marketer ofkerosene in the US to the largest publicly traded petroleum and petrochemicalenterprise in the world. It operates in most of the world’s countries and isbest known by familiar brand names: Exxon, Esso and Mobil. It makes productsthat drive modern transportation, power cities, lubricate industry and providepetrochemical building blocks that lead to thousands of consumer goods.-VNA
VNA

See more

Authorities inspect the procedures of vehicle operators transporting goods at the Huu Nghi International Border Gate (Lang Son province). (Photo: VNA)

Customs trade hits 1.05 billion USD on first day of new model

Realising the 12th Party Central Committee's Resolution 18 on streamlining the political system’s organisational structure, on March 15, the customs sector began operating under a three-tier model: the Department of Customs, regional customs offices, and border checkpoints. This reorganisation has reduced the number of units by 485, or 53.77%, from 902

Long Hau 1 Industrial Park in Can Giuoc district, Long An province. (Photo: VNA)

Industrial real estate expects a boost from policies, FDI

The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.

Construction site of Terminal 3 (Photo: VNA)

Vietnam Airlines, Vietjet Air flights to operate from Tan Son Nhat’s new terminal in May

Designed to handle 20 million passengers annually, Terminal T3 of the Tan Son Nhat International Airport includes four main components: the passenger terminal, a multi-story parking facility integrated with non-aviation services, the elevated road system at the terminal frontage, and aircraft aprons. The total investment for the terminal is nearly 11 trillion VND (431.2 million USD), with construction beginning in December 2022

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.