Oil giant shakes hand with Chinese group

The National Oil and Gas Group (PetroVietnam) inked a Memorandum of Understanding on strategic partnership with the China Merchants Group Ltd. in Hanoi on September 9.

The two sides are committed to sharing investment opportunities in a large range of industries, from seaports and seaport logistics in southern key economic zones to industrial parks, real estate development, financing and stock market.

The Chinese partner also pledges to help the State-owned oil and gas monopoly of Vietnam to promote its business in China and other parts of the world.

In this regard, PetroVietnam Managerial Board President Dinh La Thang said the two sides are working hard to reach concrete joint-venture projects in China on an upcoming visit to China by Prime Minister Nguyen Tan Dung.

CMG President Fu Yuning said his company would work with PetroVietnam to boost cooperation in all fields of their strengths.

VNA

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