Bui Minh Tien from the Members' Council of PetroVietnam affirmed the group's potential in energy development. As a leading national economic group and a pillar of the economy, in 2020, PetroVietnam’s total assets still grew over 2019 and gained many outstanding achievements. Over 46 years of development, the group has built a complete oil and gas industry system and implemented oil and gas activities in 14 countries around the world. In the future, PetroVietnam plans to develop into an energy corporation, which will focus on expanding the development of environmentally friendly forms of energy, contributing to Vietnam's goal of reducing carbon emissions.
Besides the potential for business exploitation, Kohe Hasan, partner of Reed Smith LLP, also highlighted the importance of legal issues when implementing international cooperation. Specifically, businesses need to consider the enforceability of contracts, issues of consent between the parties, as well as regulatory restrictions on investment and ownership in each country.
At the same time, businesses also need to define clearly the role of each member in the cooperation, especially the role of leadership and management and minimise risky activities during implementation to avoid causing problems and unnecessary crises.