Vietnam and Dominica to cooperate and invest in oil, gas and energy
(VOVWORLD) - There are a number of areas in which Vietnam and Dominica can soon cooperate and invest, such as offshore oil and gas exploration, said Tran Binh Minh, member of the Board of Members of the Vietnam National Oil and Gas Group (Petrovietnam), at the Vietnam- Dominican Republic Business Forum on November 21 (local time), as part of Prime Minister Pham Minh Chinh's official visit to the country.
 PM Pham Minh Chinh attends the Vietnam- Dominican Republic Business Forum on November 21, 2024. (Photo: VGP) |
Meeting delegates and business representatives of the two countries were introduced to the position, role, potential, strengths, investment and business environment of each side, as well as enumerating the needs for cooperation and investment.
The Dominican Republican side spoke highly of Vietnam's achievements in acting as a bridge with Southeast Asia and Asia. They expressed the wish to further promote bilateral relations, especially cooperation in energy with Petrovietnam, telecommunications with Viettel Group, construction of cement and ceramic sanitaryware factories with Viglacera Corporation, electric vehicles with Vinfast, IT and semiconductors with Viettel or FPT Group, and in aviation, rice, oil and gas.
 Tran Binh Minh, member of the Board of Members of Petrovietnam, speaks at the forum. (Photo: VGP) |
At the forum, Minh gave an overview of Petrovietnam’s five main areas and proposed several potential directions for cooperation between the two sides. He said that Dominica’s increased demand for energy will open up opportunities for cooperation in various areas including oil and gas exploration and exploitation, and renewable energy development, especially offshore wind power.
In particular, offshore oil and gas exploration and exploitation can be deployed soon. These cooperation opportunities will meet Dominica's energy needs and promote the bilateral ties.