Petro Vietnam enters real estate field

Petro Vietnam is diversifying its portfolio and is planning and looking for partners for its upcoming complex. The project will aims to have hotels, houses, offices, and the Oil and Gas Tower at Me Tri Commune, Tu Liem District of Ha Noi.

A Petro Vietnam platform (Photo: Petro Vietnam)
In response to this plan, the Deputy PM Hoang Trung Hai issued an official document that requires Petro Vietnam to carry out the project in accordance with current law.
 
According to the procedure, their tasks are to rent land, draw up regulations for the cooperation contract, verify the financial ability of their partners and be responsible for the project.
 
Mr. Hai also required Petro Vietnam to outline projects for attracting capital and also balancing reasonable incomes and costs.
 
The corporation must ensure that the complex will not have a negative impact on the corporation’s general business, especially the main oil and gas projects, the document highlighted. 

By L.Nguyen – Translated by Truong Son

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