Gov’t facilitates UAE investors' investment expansion in VN

Deputy PM Trinh Dinh Dung receives the Mubadala Petroleum (MP)'s Senior Vice President at Southeast Asia Naser Al Hajri on October 17 in Ha Noi - Photo: VGP/Nhat Bac

Deputy PM Trinh Dinh Dung made that statement at his reception for the MP’s Senior Vice President at Southeast Asia Naser Al Hajri on October 17 in Ha Noi. 

At the meeting, the Deputy PM highly spoke of the fruitful development in Viet Nam-UAE relations in such pillars of economics, trade and investment. 

Welcoming and appraising the MP’s achievements and investment initiatives in Viet Nam in the time ahead, Mr. Dung suggested the corporation continue expanding investment in other oil and gas fields and renewable energy in form of new investment modes or cooperation with foreign and domestic firms operating in Viet Nam. 

For his side, Mr. Naser Al Hajri expressed his concerns about further cooperation with other foreign and domestic enterprises in Viet Nam in terms of oil and gas exploitation. 

Photo: VGP/Nhat Bac

The MP expects to launch initiatives on development of small-scale petrol project as well as expand cooperation in other areas such as renewable energy, he added. 

The MP is a leading international, upstream oil and gas exploration and production company.  It manages assets and operations spanning 10 countries with a primary geographic focus on the Middle East and Southeast Asia. 

The MP has poured investment in Viet Nam for a decade. Recently, it inked an agreement to buy the rights on joining and managing some oil and gas fields and is heading to expand its operation in Viet Nam in the upcoming time./.

By Thuy Dung