PM hosts investors of Nghi Son oil refinery, petrochemical project
Prime Minister Nguyen Xuan Phuc has said he welcomes investors from Kuwait Petroleum International (KPI) and Japan to inject money into the Nghi Son oil refinery and petrochemical complex project.
Prime Minister Nguyen Xuan Phuc (R) and CEO of KPI Nabil Bourisli (Photo: VNA)Thanh Hoa (VNA) – Prime Minister Nguyen Xuan Phuc has said he welcomes investors from Kuwait Petroleum International (KPI) and Japan to inject money into the Nghi Son oil refinery and petrochemical complex project in the north central province of Thanh Hoa.
He made the statement while receiving CEO of KPI Nabil Bourisli and some leaders of Japanese firms that are strategic investors of the project in Thanh Hoa on December 23.
Vietnam contributed a quarter to the project’s total capital, he noted.
The government leader hailed the active and responsible cooperation of the involved parties, including the Ministry of Industry and Trade and the Vietnam Oil and Gas Group (PetroVietnam) to carry out the 9-billion-USD project.
Nabil Bourisli thanked the Vietnamese government to back the implementation of this project and shared joy over its commercial operation.
At the reception, PM Phuc also cleared up recommendations from investors.
He ordered relevant ministries and departments to put forth measures to ensure rights and interests of the government and investors based on legal regulations.
The PM asked investors to ensure effective operation of the plant and soon expand its second phase.
He affirmed that the government always encourages and creates the best conditions for foreign businesses to invest in Vietnam.
The Nghi Son oil refinery and petrochemical project has been carried out since 2013.
It is invested by PetroVietnam (25.1 percent), KPI (35.1 percent), and the Japanese firms Idemitsui Kosan (35.1 percent) and Mitsui Chemicals (4.7 percent).-VNA
You should also see
PM urges village elders, citizens to help preserve cultural heritage
Prime Minister Pham Minh Chinh has asked village elders and chiefs, skilled artisans and reputable citizens to make greater efforts to preserve and promote tangible and intangible cultural heritage, which is the quintessence and core value of the nation.
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
