Local energy projects in US shop window

September 15, 2011 | 20:43

(0) user say

PetroVietnam today held a meeting ‘Investment opportunities in Vietnam - Energy and Finance’ in Washington DC presided over by Vietnam’s Minister of Industry and Trade Vu Huy Hoang, Vietnam’s ambassador in the US, PetroVietnam and Vietnam Chamber of Commerce and Industry leadership.

Vietnam’s Minister of Industry and Trade
Vu Huy Hoang

In the meeting, the leading state group presented 26 electricity, infrastructure, finance and investment projects needing foreign investment.

Among those projects there are ones such as Dung Quat oil refinery, Long Son petrochemical refinery plant, South Con Son 2 gas piping system, Quang Trach 1 and Long Phu 1 coal-fired thermal power plants and Phuoc An and Hon Khoi ports.

In the sidelines of the meeting PetroVietnam’s leadership met with diverse US business groups, firms and economic organisations such as Goldman Sachs, McKinsey, TPG, Morgan Stanley and New York Stock Exchange NYSE in search of investment opportunities.

During the trip, the state group inked a memorandum of understanding with McKinsey & Company which pledged to assist PetroVietnam seeking investments for its projects.

vir.com.vn

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional