Signing of investment cooperation agreement between Nghe An province and Vietnam National Oil and Gas Group

(Baonghean) -On the afternoon of June 24, in Hanoi, the People's Committee of Nghe An province and the Vietnam National Oil and Gas Group (PetroVietnam) held a conference to review 5 years of implementing the cooperation agreement and sign a cooperation program agreement for the next 5 years.

Attending and witnessing the signing ceremony were comrade Dinh La Thang - Member of the Party Central Committee, Party Secretary, Chairman of the Board of Directors of PetroVietnam Group; leaders of PetroVietnam Group; leaders of the Group's Boards and member units; on the side of Nghe An province, there were comrades: Phan Dinh Trac - Member of the Party Central Committee, Secretary of the Provincial Party Committee; Ho Duc Phoc - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee and leaders of a number of provincial departments, branches and sectors.

Comrade Ho Duc Phoc - Chairman of Nghe An Provincial People's Committee
on behalf of the provincial leaders to speak.

The 5-year evaluation report on the implementation of the Cooperation Program shows that PetroVietnam and its member units have actively directed and implemented investment projects, works, and network development. Up to now, in Nghe An, there have been 4 companies, 3 branches and 1 branch of the Group's member units. The Oil and Gas Group has also accepted 3 units of the province as members, bringing the total number of the Group's existing projects in Nghe An to 19, with a total investment capital of over 14.55 trillion VND.

Signing ceremony of investment cooperation agreement between Nghe An province
and PetroVietnam Group.

Social security work is also focused on by the Group and its members. From 2008 to now, PetroVietnam has supported the construction of nearly 800 solidarity houses, supported the construction of 5 schools, promptly supported people to overcome natural disasters and floods... with a total budget of nearly 35 billion VND. The leaders of Nghe An province and the Group have regularly monitored, met, discussed, coordinated in directing, and resolved difficulties, creating motivation and confidence for businesses investing in Nghe An.

Leaders of Nghe An province and DKQG Group presented souvenirs.

In the minutes of the agreement on investment cooperation for the next 5 years, PetroVietnam Group determined that Nghe An is still one of the key investment areas, in addition to focusing resources on directing projects under construction to be implemented on schedule; continuing to consider implementing new investments in a number of new projects as proposed by the province such as the Do Luong Cement Factory project, Dong Hoi Thermal Power Center, investing in the construction of infrastructure for industrial parks and economic zones of the province, while continuing to carry out social security work in the area.

Huu Nghia