Deputy PM Trinh Dinh Dung receiving Mr. Hiroshi Hosoi

He also thanked the Vietnamese Government and the Vietnamese Embassy in Japan for facilitating JX NOEX’s investment activities in Vietnam from 1992 to now, especially in oil and gas projects.

At the reception, Deputy PM Dung said that the Vietnam - Japan relationship and cooperative relations are developing well and comprehensively in all fields with high political reliability.

Currently, Japan is the leading important economic, trade and investment partner of Vietnam. It is also the biggest ODA provider with about USD30 billion, the second biggest investor with 4,020 projects capitalized with USD57 billion, the third biggest tourism partner with about 800,000 travelers to Vietnam, and the fourth biggest bilateral trade partner with USD38 billion in 2018.

He stressed that Vietnam treasures economic cooperation with Japan, hailing the efforts of the Government and businesses of the country in taking the lead among countries and territories investing in Vietnam in 2017 and 2018. Japanese companies in Vietnam are very prestigious and make positive contribution to the country’s socio-economic development.

He also appreciated the business results of JX NOEX, especially the application of technical solutions to improve oil recovery coefficients; contributing to stabilizing the output of oil production in Vietnam.

The Deputy PM asked JX NOEX to soon work with the Vietnam National Oil and Gas Group as well as related ministries and units to cooperate in oil and gas exploration and exploitation./.