PetroVietnam joins hands with construction giant

Two leading economic groups of Vietnam , the Vietnam National Oil and Gas Group (PetroVietnam) and the Vietnam Industrial Construction Group (VNIC), reached a comprehensive cooperation agreement in Hanoi on May 18.

Under the agreement, the two groups will create conditions for their member enterprises to cooperate in investment projects of mutual interest.

In the immediate future, PetroVietnam and VNIC pledge to jointly invest in and carry out hydro and thermo-electric power, manufacturing, mining, transport infrastructure, industrial zone, depot, port and other real estate projects.

The agreement will help the two groups jointly develop as it will increase their experiences and strength of capital and technologies, said Dinh La Thang, Chairman of PetroVietnam’s Management Board.

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