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Foreign Investment Sought in 30 Energy and Real Estate Projects - Vietnam Briefing News

Jun. 25 – State-owned Petrovietnam wants to attract foreign investment for 30 energy and real estate projects.

The list of projects includes the country’s third oil refinery, the Long Son oil refinery in southern Ba Ria-Vung Tau Province. The US$7 billion project is now looking for new investors after Venezuela’s state oil firm PDVSA stepped out the project.

Petrovietnam is in Japan for an investment roadshow to attract Japanese investors after which it will set up other roadshow trips to South Korea, the United States, the Middle East and Russia.

Petrovietnam already took delivery from its first oil refinery, the Dung Quat plant, last month located in the country’s central coast. The oil  company is also in negotiations to build Vietnam’s second refinery, the Nghi Son plant found in northern Thanh Hoa Province as soon as construction contracts are signed this year with the winning bidder.