Vietnam seeks foreign investment in oil and gas exploitation
(VOVworld) – The Vietnamese government always offers support to the oil and gas sector and preferential policies for foreign investors in the field, said Vietnamese Ambassador to the US Pham Quang Vinh at the 2015 Offshore Technology Conference (OTC) in the US city of Houston.
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| Vietnam’s government always supports and creates preferential policies for foreign investors in offshore oil and gas exploitation. (Photo: Vietnam Investment Review) |
Ambassador Vinh called on investors to expand their investments in Vietnam’s offshore oil and gas exploitation based on mutual benefit and pursuant to international law and the 1982 UN Convention on the Law of the Sea.
This was the first time Vietnam has been invited to address an OTC plenary session, an annual event gathering the world’s largest oil and gas corporations.
Ambassador Vinh also attended a reception hosted by Vietnam’s Consulate-General in Houston and the Vietnam Oil and Gas Group (PetroVietnam) and a talk with US leading energy firms.
He expressed his belief that the improving political and diplomatic relations between Vietnam and the US will fuel bilateral co-operation in economics, trade, and energy.