Petrovietnam

Singapore’s FDI into Vietnam in 2022 amounted to nearly US$6.46 billion, making it the largest foreign investor for that year.

Vietnam holds only a 25.1% stake in the US$9-billion joint venture that marked the participation of two Japanese investors and one Kuwaiti.

The petroleum sector holds a significant role in the country’s development, not only in terms of economy, but also in national defense and security.

Nigerian and Angolan grades are seen as cheaper than Southeast Asian oil.

In a market-based economy, all economic actors compete fairly with each other, while state-owned enterprises (SOEs) are independent and accountable for their own performance, Deputy Prime Minister Truong Hoa Binh has said.

Prime Minister Nguyen Xuan Phuc requested the group to strengthen cooperation with foreign partners, mostly Russians to tap potential for further development and ensure security for contractors as well.

The partnership is expected to develop a hub for LNG imported from the US.

Vietnam is a safe and reliable environment for investment and international trade.

So far, the number of convalescents accounts for 86% of the total infections.

The newest case is an expert working for Vietnam Oil And Gas Group (PetroVietnam).