Prime Minister Nguyen Xuan Phuc has said he welcomes investors from Kuwait Petroleum International (KPI) and Japan to inject money into the Nghi Son oil refinery and petrochemical complex project in the north central province of Thanh Hoa.
Prime Minister Nguyen Xuan Phuc (R) and CEO of KPI Nabil Bourisli (Photo: VNA).
He made the
statement while receiving CEO of KPI Nabil Bourisli and some leaders of
Japanese firms that are strategic investors of the project in Thanh Hoa on
December 23.
Vietnam contributed a quarter to the project’s total capital,
he noted.
The government leader hailed the active and responsible
cooperation of the involved parties, including the Ministry of Industry and
Trade and the Vietnam Oil and Gas Group (PetroVietnam) to carry out the
9-billion-USD project.
Nabil Bourisli thanked the Vietnamese government to back the
implementation of this project and shared joy over its commercial operation.
At the reception, PM Phuc also cleared up recommendations
from investors.
He ordered relevant ministries and departments to put forth
measures to ensure rights and interests of the government and investors based
on legal regulations.
The PM asked investors to ensure effective operation of the
plant and soon expand its second phase.
He affirmed that the government always encourages and creates
the best conditions for foreign businesses to invest in Vietnam.
The Nghi Son oil refinery and petrochemical project has been
carried out since 2013.
It is invested by PetroVietnam (25.1 percent), KPI (35.1
percent), and the Japanese firms Idemitsui Kosan (35.1 percent) and Mitsui
Chemicals (4.7 percent).-
Source: VNA
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Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Van Khanh expressed his hope for more support from the European Union (EU) and the French Development Agency (AFD) for the local development, while hosting a delegation from the two organisations led by Vice President of the European Commission Margaritis Shinas on October 23.
During her working visit to Hoa Binh province on October 18, Vice President Vo Thi Anh Xuan toured a site where late President Ho Chi Minh once stayed when he visited the Kim Boi district’s Party Committee. She was accompanied by officials from various ministries, agencies, and central organisations.
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