Politics

Vietnam welcomes US Gen X Energy’s projects: Deputy PM

The Vietnamese Government always rolls out red carpet for US-based Gen X Energy’s high-tech projects which are friendly with the environment, said Deputy Prime Minister Vuong Dinh Hue on September 9.
Vietnam welcomes US Gen X Energy’s projects: Deputy PM
Vietnam welcomes US Gen X Energy’s projects: Deputy PM ảnh 1Deputy Prime Minister Vuong Dinh Hue (R) and Gen X Energy CEO Scott Kicker (Photo: VNA)

Hanoi (VNA) – The Vietnamese Government always rolls out redcarpet for US-based Gen X Energy’s high-tech projects which are friendly withthe environment, said Deputy Prime Minister Vuong Dinh Hue on September 9.

Hosting a reception for Gen X Energy CEO Scott Kicker in Hanoi, Deputy PM Huestressed the US firm’s projects are in line with the Vietnamese Government’spriority in foreign investment attraction, adding that the Southeast Asiancountry is interested in importing liquefied natural gas (LNG) and developinggas electricity plants to ensure sufficient energy for economic development.

He spoke highly of Gen X Energy’s cooperation with relevant sides to landinvestment in Vietnam, expressing his belief that the move will makesignificant contributions to boosting collaboration in trade and investment.

The official also underlined that Vietnam expects more US investments toimprove bilateral trade balance.

For his part, Kicker informed his host that Gen X Energy had worked withleaders of the southern province of Ba Ria-Vung Tau to outline a plan for a LNGcomplex in the locality. Comprising a large-scale LNG storehouse, the projectwill help reduce costs while distributing gas to power plants in Vietnam.

As the company has a plan to develop a gas electricity plant in Vietnam, heasked the Vietnamese Government and competent ministries and sectors to put itsproject into the national power planning, as well as direct relevant sides tocarry out the project.

Deputy PM Hue asked the US firm and its Vietnamese partners to make detailedreports on the plant’s scale and total investment before submitting to thePrime Minister for approval.-VNA
VNA
#Vietnamese Government #US-based Gen X Energy #high-tech projects #Deputy Prime Minister Vuong Dinh Hue #liquefied natural gas (LNG) #gas electricity plants #LNG complex #southern province of Ba Ria-Vung Tau #Vietnam News Agency #Vietnamplus
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