Two 'leading cranes' join hands to develop marine economy

A seaport of VIMC.

Support for maritime economic development

According to the Agreement, Petrovietnam and VIMC will closely coordinate in exploiting, arranging, loading and unloading and providing logistics services at seaports managed by VIMC. At the same time, they will study the feasibility of investment projects to build and exploit seaport infrastructure and strategic logistics centers to meet the needs of long-term and sustainable development. In addition, both "giants" also committed to increasing experience sharing, transferring expertise, training high-quality human resources and providing logistics and transportation services to Petrovietnam's affiliated units or members.

According to Mr. Le Manh Hung, Chairman of the Board of Directors of Petrovietnam, Petrovietnam and VIMC have similarities in having core activities related to the sea, and the signing between the two sides took place at a favorable time when the Party, State, National Assembly, and Government are having many Resolutions guiding the development of enterprises, especially state-owned enterprises, as well as having institutional solutions for business operations.

According to Mr. Hung, in order to realize the development strategy in the new period, and at the same time implement Conclusion 76-KL/TW dated April 24, 2024 of the Politburo, Petrovietnam has identified a new development model with three strategic pillars: Energy - Industry - Services, with Energy as the core pillar. In which, Petrovietnam aims to play a leading role, promoting the development of other sectors and fields of the economy through creating linkage chains and cooperation with leading corporations and companies in the country and the region.

Petrovietnam Chairman assessed that VIMC is Vietnam's leading enterprise in the maritime, seaport and logistics sectors, with a key port system stretching from North to South, along with large-scale, modern maritime transport and logistics services capacity. VIMC plays an important role in connecting international trade, developing the marine economy and ensuring the national maritime supply chain.

“Petrovietnam and VIMC will continue to research and develop the application of new products and new technologies in operations and management, in order to enhance the operational efficiency of both sides,” Mr. Hung said, expressing his belief that comprehensive cooperation will exponentially enhance the competitiveness of Petrovietnam and VIMC, contributing to building and developing the country’s economy in accordance with the orientation of the Party and State.

From the sea to the international market

VIMC Chairman of the Board of Directors Le Anh Son affirmed that the cooperation with Petrovietnam, the number 1 enterprise in Vietnam, will be the basis for both sides to develop together, optimize resources for mutual development, contributing to the construction and development of the country's economy in accordance with the spirit and goals that the Party, State, Government and People expect from state-owned enterprises.

The Chairman of the Board of Directors of VIMC hopes that the signing of a comprehensive cooperation agreement between Petrovietnam and VIMC will open a new chapter in the relationship between the two sides, promote the development of Vietnam's marine economy in general, and create a foundation to bring Vietnamese enterprises to the international market.

The comprehensive cooperation between Petrovietnam and VIMC - two "spearheads" of energy - maritime not only marks the strategic connection between key sectors of the economy, but also contributes to the successful implementation of sustainable development goals, digital transformation and industrialization, modernization of the country, contributing to strengthening the connection of national value chains, improving competitiveness and promoting sustainable development.

Strengths of Petrovietnam and VIMC

Petrovietnam is currently a core enterprise in ensuring energy security, developing the marine economy, proactively adapting to energy transition and international integration, developing on three strategic pillars: Energy, Industry, and Services. VIMC, with its mission of being a core and leading enterprise of the Vietnamese maritime industry, is one of the leading enterprises in opening up cooperation, international integration, providing maritime services on a global scale, making important contributions to the development of Vietnam's marine economy. VIMC is currently operating in three core areas: seaports, maritime transport and maritime services.