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PM welcomes energy giant Exxon Mobil’s investment in Việt Nam

Update: June, 12/2020 - 13:20

 

Prime Minister Nguyễn Xuân Phúc has a phone conversation with president of Exxon Mobile LNG Market Development Inc. Irtiza Sayyed on Thursday. — Photo baochinhphu.vn

HÀ NỘI — Việt Nam welcomed the world’s energy giant Exxon Mobile’s plans of investing in Việt Nam, Prime Minister Nguyễn Xuân Phúc told president of Exxon Mobil LNG Market Development Inc Irtiza Sayyed during a phone conversation on Thursday.

He said Việt Nam was among countries that were able to contain the COVID-19 pandemic early and was striving to seize the opportunity for development. During the process, the country had great demand for power, so the Vietnamese Government welcomed Exxon Mobil’s investment in a complex of ports, LNG storage facilities and LNG-fuelled power plants using advanced technology in the northern port city of Hải Phòng.

The PM said the former project would help boost the development of not only Hải Phòng but also the entire northern key economic zone.

Regarding the latter, Exxon Mobil would ensure stable LNG supply for the power complex imported from the US and other countries. The import of LNG from the US would contribute to a more harmonious trade balance between Việt Nam and the US, Phúc said.

Sayyed praised Việt Nam for containing the COVID-19 pandemic with effective measures, which he said would create a safe and reliable environment for international investment and trade in the country. — VNS

 

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