Party official welcomes Total’s investment in Vietnam
Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh said Vietnam needs huge investment in the energy sector and wants to attract world leading groups with experience and advanced technology such as the French oil and gas group Total.
Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh (right) and Philip Olivier, Vice President LNG Business Unit in the Gas, Renewables & Power branch of Total (Photo: VNA)
Hanoi (VNA) – Politburo member and head of the Party Central Committee’s EconomicCommission Nguyen Van Binh said Vietnam needs huge investment in the energysector and wants to attract world leading groups with experience and advancedtechnology such as the French oil and gas group Total.
At a reception inHanoi on November 21, Binh told Philip Olivier, Vice President LNG Business Unit in the Gas, Renewables & Powerbranch of Total that he appreciated the group’s investment and business in Vietnam’senergy sector, which contributed to the development of the energy market inVietnam and meeting the country’s energy demand.
The Partyofficial stressed that Vietnam aims to develop a synchronous and reasonablesystem of energy combining electricity, oil and gas, coal, new energy andrenewable energy, with priority given to clean, new and renewable energy.
Vietnam’s Partyand State are willing to listen to the needs of Total and French investors inVietnam, and support their investment and business operations.
Olivier said hewishes to continue receiving support from the Vietnamese Party and State, addingthat the group wants to make long-term investment and participate in keyprojects in Vietnam’s electricity sector, as well as in promoting thedevelopment of the energy market, especially LNG-fuelled power which is astrength of Total./.
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Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh (right) and Philip Olivier, Vice President LNG Business Unit in the Gas, Renewables & Power branch of Total (Photo: VNA) 
