Tokyo Gas (Japan) desires to invest in Vietnam, together with Vietnam partner to build LNG Cai Mep – Thi Vai port to become the most modern facility in Vietnam in this field.
On August 15th, Vietnam Prime Minister Nguyen Xuan Phuc has met Mr Michiaki Hirose, General Manager of Tokyo Gas (Japan).
At the meeting, the Prime Minister highly appreciated Tokyo Gas’s establishment of representative office in Vietnam; he also congratulated Tokyo Gas and PV Gas (Vietnam) for jointly establishing a business operating in the field of LNG gas in Vietnam and welcomed Tokyo Gas to launch a promising cooperation program with Vietnam.
In fact, the demand for liquefied petroleum gas in Vietnam is huge, especially in cities and coastal areas, the Prime Minister believes that with good partners, environment and demand, Tokyo Gas will succeed in Vietnam. Furthermore, many Vietnamese businesses are eager to do business with Japanese companies because of their great prestige, experience and resources.
Vietnam Prime Minister affirmed that oil and gas cooperation is one of the priority areas for Vietnam and Japan’s economic cooperation, at the same time Vietnam wishes that Tokyo Gas will maintain long term business in Vietnam.
According to Mr Michiaki Hirose, Tokyo Gas will strengthen its cooperation with PV Gas in the coming time and hope that Vietnam Government will support this cooperation. He also hoped that Tokyo Gas together with Vietnamese partner will construct LNG Cai Mep – Thi Vai port to become the most modern facility in Vietnam in this field.
With Japan, Vietnam is considered as an important partner in energy cooperation, including LNG. Japan – Vietnam cooperation will create a good premise for Tokyo Gas to implement the project in Vietnam. In that process, Tokyo Gas needs support from the Government of Vietnam on mechanisms and policies.
Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.