Petrovietnam and Armenia: Enhancing energy sector cooperation

Petrovietnam enhances cooperation with Belgian enterprises in renewable energy

Macroeconomic Forum Q1/2025: Economic and Foreign Policy Directions for 2025 – Opportunities and Challenges for Petrovietnam

Photo: Petrovietnam Participates in Vietnam - Armenia Business Forum

During the forum, Mr. Nguyễn Văn Mậu, Board Member of Petrovietnam, delivered a key address emphasizing the Group’s pivotal role in Vietnam’s economy and highlighting the potential for energy cooperation with Armenia. His remarks covered investment opportunities, technology exchanges, and strategic cooperation plans to effectively harness the energy resources of both nations.

As part of the official agenda, a Vietnamese delegation led by the Deputy Minister of Industry and Trade, along with Petrovietnam representatives, held bilateral talks with the Deputy Minister of Economy of Armenia. The meeting focused on identifying measures to boost bilateral trade relations and to create favorable conditions for enterprises from both countries to expand cooperation in the fields of economy, energy, and industry.

Photo: Deputy Prime Minister Trần Hồng Hà, together with representatives from various ministries, sectors, and enterprises, also attended the forum’s sideline discussions.

The Vietnam-Armenia relationship is built on a solid foundation, with diplomatic relations officially established in 1992. Over more than 30 years, the two countries have continuously advanced both bilateral and multilateral cooperation, particularly in the areas of energy, industry, and trade. Armenia’s membership in the Eurasian Economic Union (EAEU) presents favorable conditions for trade with Vietnam under the Vietnam - EAEU Free Trade Agreement.

Mr. Nguyễn Văn Mậu, Board Member of Petrovietnam, speaking at the forum

Mr. Nguyễn Văn Mậu affirmed that Petrovietnam sees numerous opportunities for collaboration with Armenian enterprises, especially in renewable energy and oil and gas infrastructure development. In this bilateral partnership, Armenia can offer and share technologies and expertise in clean energy, while Petrovietnam can support Armenia in implementing oil and gas as well as energy projects.

He expressed hope that through the forum, the two governments will actively support and create enabling conditions for businesses on both sides to explore collaboration opportunities, maximize mutual potential, and achieve shared economic benefits.

PVN