President Truong Tan Sang had a busy day in Brunei on November 28, visiting the Brunei Shell Oil and Gas Company, attending a business forum between the two countries and meeting with Vietnamese community members and embassy staff in the country.
At Brunei Shell, Sang praised the company’s recent achievements. They have turned it into one of the leading crude oil and natural gas exploitation and production companies not only in Brunei but in Southeast Asia, he said.
He affirmed that Vietnam encourages and creates conditions for the National Oil and Gas Group (PetroVietnam) to develop foreign relations, especially with high-technology partners like Brunei Shell.
The President welcomed the two sides’ signing of a 250 million USD crude oil purchase contract. It is vivid evidence of effective bilateral cooperation, he said.
In his speech at the Vietnam-Brunei Business Forum, Sang affirmed that Vietnam creates favourable conditions for foreign investors, including those from Brunei, to operate in the country.
He spoke highly of Brunei’s increasing investment in Vietnam, maintaining its position as one of the leading ASEAN investors in the country with investment of 4.9 billion US despite difficulties in the world economy.
Applauding the recent and positive outcomes of bilateral trade cooperation, the President noted that it is still yet to match the two counties’ potential.
He suggested that businesses from both countries increase measures to promote trade and investment, and strengthen the exchange of market information to raise cooperation that will benefit both business communities and the two nations.
Sang witnessed the signing of a memorandum of understanding on cooperation between the Vietnam and Brunei Chambers of Commerce and Industry.
On the same day, he met with staff from the Embassy of Vietnam and Vietnamese community representatives in Brunei.-VNA
At Brunei Shell, Sang praised the company’s recent achievements. They have turned it into one of the leading crude oil and natural gas exploitation and production companies not only in Brunei but in Southeast Asia, he said.
He affirmed that Vietnam encourages and creates conditions for the National Oil and Gas Group (PetroVietnam) to develop foreign relations, especially with high-technology partners like Brunei Shell.
The President welcomed the two sides’ signing of a 250 million USD crude oil purchase contract. It is vivid evidence of effective bilateral cooperation, he said.
In his speech at the Vietnam-Brunei Business Forum, Sang affirmed that Vietnam creates favourable conditions for foreign investors, including those from Brunei, to operate in the country.
He spoke highly of Brunei’s increasing investment in Vietnam, maintaining its position as one of the leading ASEAN investors in the country with investment of 4.9 billion US despite difficulties in the world economy.
Applauding the recent and positive outcomes of bilateral trade cooperation, the President noted that it is still yet to match the two counties’ potential.
He suggested that businesses from both countries increase measures to promote trade and investment, and strengthen the exchange of market information to raise cooperation that will benefit both business communities and the two nations.
Sang witnessed the signing of a memorandum of understanding on cooperation between the Vietnam and Brunei Chambers of Commerce and Industry.
On the same day, he met with staff from the Embassy of Vietnam and Vietnamese community representatives in Brunei.-VNA
