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New refinery may cost up to $10b, says PetroVietnam

Construction of Vietnam's second refinery may cost $8 billion-$10 billion, higher than an earlier estimate of $7 billion, an executive with state-run Vietnam Oil and Gas Group, or PetroVietnam, said Friday. PetroVietnam is asking the government to introduce incentives to attract funds for construction of the 200,000-barrel-a-day Nghi Son refinery, 180 kilometers south of Hanoi, deputy Chief Executive Nguyen Quoc Thap said in a statement posted on the company's website. The partners in Nghi Son refinery are Idemitsu Kosan Co. and Kuwait Petroleum International, each with a 35.1 percent stake; Vietnam Oil and Gas Corp., or PetroVietnam, with...

New Zealand provides over US$7 million to Vietnam in 2010-2011

New Zealand will provide US$7.1 million in aid for Vietnam in the fiscal year of 2010-2011, said visiting New Zealand Prime Minister John Key. He was speaking at a reception gi by PM Nguyen Tan Dung in Hanoi on July 12 who described the visit as a contribution to strengthening bilateral relations at a time […]

New Zealand to increase investment in Vietnam

New Zealand will increase its investment in Vietnam, especially in education-training and science-technology, Foreign Minister Murray McCully assured Vietnamese officials at receptions in Hanoi on January 25. Cooperation in tourism and education between New Zealand and Vietnam should be boosted, Mr McCully told Vice Chairwoman of the National Assembly Tong Thi Phong. The visiting diplomat […]