PVFC and foreign partners set up $500m energy fund

PetroVietnam Financial Joint Stock Corp (PVFC) announced yesterday that PVFC Capital, the subsidiary of PVFC signed the agreement to set up an oil and gas fund with Japanese and South Korean investment. This is one part of the framework in investment promotion programme organised by the National Oil and Gas Group (PetroVietnam) and Jetro Japan.

The fund worth $500 million will have operation period of 5-10 years. It is expected to start operation in October 2010 with the main purposes of raising investment capital for large projects in energy industry in Vietnam, especially for the key large projects.

Tags: energy funds, Vietnam energy

Posted by VBN on Jul 1 2010. Filed under Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry