Oil giant shakes hand with Chinese group

Hanoi (VNA) - The National Oil and Gas Group (PetroVietnam) inked a
Memorandum of Understanding on strategic partnership with the China
Merchants Group Ltd. in Hanoi on September 9.

The two sides are committed to sharing investment opportunities in a large
range of industries, from seaports and seaport logistics in southern key
economic zones to industrial parks, real estate development, financing and
stock market.

The Chinese partner also pledges to help the State-owned oil and gas
monopoly of Vietnam to promote its business in China and other parts
of the world.

In this regard, PetroVietnam Managerial Board President Dinh La Thang said
the two sides are working hard to reach concrete joint-venture projects in
China on an upcoming visit to China by Prime Minister Nguyen Tan Dung.

CMG President Fu Yuning said his company would work with PetroVietnam to
boost cooperation in all fields of their strengths.-Enditem