Signing investment cooperation agreements worth more than 6.5 billion USD in Vietnam
Monday, May 19, 2025 – 19:18
On the afternoon of May 19, in Ho Chi Minh City, KOGI Technology Joint Stock Company (KOGI Group, Ho Chi Minh City) signed a strategic cooperation-investment agreement with Madza Oil Group (Japan) and corporations from countries in the Middle East (Kuwait, Saudi Arabia, Qatar, Oman) to implement 3 projects in the fields of energy, heavy industrial production…
Accordingly, the investment project to build an oil pipeline from Vung Ang port (Ha Tinh, Vietnam) to Vientiane Capital (Lao People’s Democratic Republic) with a total investment capital of 500 million USD to 700 million USD is being implemented; The project to build an oil refinery and oil storage facility with the largest scale in Southeast Asia located in the Southern Key Economic Zone with a total capital of about 5 billion USD will be implemented. These are considered key projects in the energy development strategy, contributing to ensuring energy security in the Southeast Asian region.
The next project is a factory producing internal combustion engine components that eliminate emissions using Hydrogen technology located in the Southern Key Economic Zone with a first phase investment capital of about 1 billion USD.
Mr. Nguyen Hong Hue (Peter Hong), Member of the Central Committee of the Vietnam Fatherland Front, Chairman of the Association of Overseas Vietnamese Entrepreneurs, Chairman of the Board of Directors of KOGI Group, said: Over the past 6 months, the Group has worked very hard to reach today’s agreements to practically set achievements to celebrate the 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975 – April 30, 2025); celebrate the 135th anniversary of President Ho Chi Minh’s birthday (May 19, 1890 – May 19, 2025); and celebrate the 80th anniversary of the National Day of the Socialist Republic of Vietnam.
It is expected that the parties will immediately implement the project after full legal approval.
According to Mr. Koki Kobayashi, advisor to Madza Oil Group, the Vietnamese market is very potential and promising, especially in the oil and gas sector, if there is a connecting infrastructure system in the region. The participation of many foreign corporations in investment is expected to contribute significantly, promoting the overall development of Vietnam in particular and countries in the region in general.
Madza Oil Group in particular and many foreign enterprises in general expect Vietnam to continue to promote administrative procedure reform and renew the investment environment to create increasingly favorable conditions for foreign enterprises to invest in Vietnam.
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