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

 


Related Topics


Hoa Binh province follows Uncle Ho’s teachings

Throughout his revolutionary life, Uncle Ho visited Hoa Binh province four times. He also sent dozens of letters, telegrams, greeting cards, and heartfelt messages to local officials, Party members, and people of all ethnic groups, urging them to remain united, support one another, strive for progress, and actively engage in both production and resistance efforts to build a prosperous homeland.

Hoa Binh focuses on large timber plantation to improve forestry value chain

To unlock the full potential of its forest resources, the standing board of the provincial Party Committee on July 30, 2020 issued a Resolution on the sustainable development of production forests through 2025, with a vision toward 2030.

Cao Phong district promotes education through learning from President Ho Chi Minh’s example

In recent years, the education and training sector in Cao Phong district, Hoa Binh province, has actively integrated its tasks with the promotion of studying and following President Ho Chi Minh’s thought, ethics, and style. This approach has contributed significantly to improving the overall quality of education across the district.

Thematic exhibition on CPV’s formation, development, achievements opens

The Hoa Binh provincial museum on May 16 opened a thematic exhibition "Under the flag of the glorious Communist Party of Vietnam" with more than 200 documents, images and objects featuring the glorious 95-year journey of the Party.

Hoa Binh police harness digital ID app to collect public feedback on amendments to 2013 Constitution

Hoa Binh police are collecting public feedback on amendments to the 2013 Constitution via the national identification app VNeID. This innovative approach marks a giant leap towards modernising grassroots democracy and enhancing transparency in public consultation.

Hoa Binh reviews progress of substandard housing eradication programme

Nguyen Phi Long, alternate Member of the Party Central Committee and Secretary of the Hoa Binh Party Committee, on May 14 chaired a meeting of the provincial steering committee for its programme to eliminate makeshift and dilapidated housing for the poor. The session reviewed the programme’s outcomes to date and discussed forthcoming tasks.