Vietnam offers favorable conditions for foreign petroleum investors

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(VOVworld) - Deputy Prime Minister Trinh Dinh Dung has pledged all possible support to investors working in oil and gas, including Zarubezhneft and other Russian companies.

(VOVworld) - Deputy Prime Minister Trinh Dinh Dung has pledged all possible support to investors working in oil and gas, including Zarubezhneft and other Russian companies.

Vietnam offers favorable conditions for foreign petroleum investors - ảnh 1
t the Vietnamese Entrepreneurs’ Forum in Russia themed “Prospect of Vietnam-Russia Cooperation in the context of Vietnam-Eurasian Free Trade Agreement". (Photo: VNA)


During a working session in Moscow yesterday with Zarubezhneft – one of Russia’s largest oil companies and a long-standing strategic partner of the Vietnam National Oil and Gas (PetroVietnam), Dung hailed expansive cooperation between Zarubezhneft and PetroVietnam over the past years, evidenced by the good performance of the Vietsovpetro and Rusvietpetro joint ventures.
He welcomed the signing of an inter-governmental agreement on continued cooperation within the Rusvietpetro framework, and a protocol on supplementing an inter-governmental agreement on continuing collaboration within the Vietsovpetro framework.

On Sunday, Dung delivered a speech to the Vietnamese Entrepreneurs’ Forum in Russia themed “Prospect of Vietnam-Russia Cooperation in the context of Vietnam-Eurasian Free Trade Agreement”, saying that the reduction of half of tariffs to zero percent and trade facilitation terms would open up chances for Vietnam and member states to promote trade, investment and services. The government will be responsible for clearing hindrances along the way, he pledged.

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