At a seminar yesterday on investment cooperation between Vietnam and Japan, the Vietnam Oil and Gas Group (Petro Vietnam) offered Japanese investors nine projects in which they could have 49 percent holdings.
The seminar was held to invite well-known Japanese investors like Mitsui Oil Exploration, Bank of Tokyo and Mitsubishi Heavy Industries Group to invest in nine lucrative projects that the Petro Vietnam group is planning on implementing.
After the seminar, a representative from Petro Vietnam said that their Japanese counterparts could hold 49 percent stake in eight projects comprising of hydropower and thermal power plants, seaports and natural gas warehouses.
These projects include liquefied natural gas (LNG) storage facilities at Thi Vai port in the southern province of Ba Ria-Vung Tau, an investment of US$246 million; a 250 MW turbine of the Nhon Trach 1 Power Plant in the southern province of Dong Nai, an investment of $322 million; the Vung Ang 1 power plant in Vung Ang Economic Zone in the central province of Ha Tinh, an investment of $160 million; the Long Phu 1 thermo-electricity plant in the Mekong delta province of Soc Trang, an investment of $160 million; the Hua Na power plant in the central province of Nghe An, an investment of $288 million; the Hoa Thang Wind Power Plant in the central province of Binh Thuan, an investment of $83 million; the Dung Quat Shipyard in the central province of Quang Ngai, an investment of $749.15 million; and Phuoc An Port in the southern province of Dong Nai, an investment of $979 million.
Japanese investors can also purchase a 20 percent stake in the Dinh Vu Polyester Plant in the northern province of Hai Phong.
