Deputy Prime Minister Trinh Dinh Dung has called on Russian gas group Gazprom to continue its close coordination with Vietnamese ministries, agencies, and partners in scientific and technological application and administrative reform in order to reduce costs and improve its investment efficiency.
While hosting a reception in Hanoi on March 14 for Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Dung hailed the group’s investment projects in Vietnam.
He highlighted the fruitful development of the traditional relations, friendship, and strategic partnership between Vietnam and Russia in all fields, particularly in economy, trade, and investment.
Vietnam and Russia have maintained the operation of the inter-governmental committee for cooperation in economy-trade and science-technology with a deputy prime minister as the head of each sub-committee and meetings held annually, he said.
Russia now ranks 23rd among foreign investors in Vietnam, with 116 projects mainly focused on oil and gas, industry, manufacturing, mining, transport, and telecommunications, Dung said, noting that Vietnam is running 22 projects in Russia with total investment of nearly US$3 billion.
For his part, Markelov stressed that cooperation projects in Vietnam have significantly contributed to Gazprom’s development.
Gazprom is partnering with the Vietnam Oil and Gas Group (PetroVietnam) and other Vietnamese partners to implement oil and gas projects, he said, adding that the Russian group wants to carry out new investment projects in Vietnam in the spheres of oil and gas exploration, exploitation, transportation, processing, and marketing.
Having applauded Gazprom’s investment expansion plans, Dung asked the Ministry of Industry and Trade and PetroVietnam to closely coordinate with Gazprom and create conditions for its projects in Vietnam.