PVN boosts its investment in Quang Ninh

The Petrol and Oil Group (PVN) has signed a comprehensive agreement with the Quang Ninh provincial People’s Committee to step up its investment and research activities in the province.

Accordingly, the PVN will conduct its research in Quang Ninh and allow its affiliates to work with local businesses to invest in projects that are mutually beneficial.

PVN will initially pour money into a series of major projects to raise the capacity of a major petrol and oil depot at the Cai Lan port from 5,000m3 to 70,000m3, build a forwarding warehouse at the Hai Ha economic zone and a network of storage and facilities at border gates, while developing financial and insurances services within the province.

Meanwhile, the provincial authorities will offer the best possible conditions and streamline procedures for PVN and its subsidiaries to select projects, clear sites and register their business activities.

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