Vietnam Prepared to Enhance Collaboration with Azerbaijani Businesses: Top Party Leader

"Alright, let's dive into the latest scoop on the economic connections between Vietnam and Azerbaijan!"

"Vietnam's Top Dog, Tô Lâm, and Azerbaijan's Power Players met up on May 8, with some exciting reveals!"

Baku Buzz: The Meeting That Matters

Vietnam's Communist Party Chief Tô Lâm has made it crystal clear that Vietnam values and is pumped to beef up economic collaborations with Azerbaijani enterprises across all sectors, with a special focus on energy, mining, finance, banking, infrastructure development, and real estate.

Power Lunch with Azerbaijan's Bigwigs: Making Moves in Oil and Gas

During a breakfast rendezvous with leaders of several significant Azerbaijani firms, Tô Lâm commended the crucial role these firms play in Azerbaijan's socio-economic growth and their efforts to nurture substantial international partnerships, like the one with Vietnam. He highlighted the partnership's potential since the current level of cooperation falls short of reflecting the strong political ties between the nations.

** digging deeper: Energy Exploration, Exploitation, and Beyond

Tô Lâm agreed that Azerbaijan was Việt Nam's first oil exploration partner after President Hồ Chí Minh's visit to offshore oil rigs in Azerbaijan in 1959 and his call for cooperation with the Central Asian nation. While the oil deal's been a hit, Tô Lâm desires Vietnam to invest in Azerbaijan's oil fields and continue importing petroleum products for its refineries and liquefied gas for its power plants.

Brass Tacks: Funding Needs and Potential Partners

Tô Lâm expressed his faith in Azerbaijan's investment funds, such as AzerGold CJSC and the State Oil Fund of the Republic of Azerbaijan (SOFAZ), highlighting the excellence of their missions and operational goals - perfect for supporting Vietnam's resource-hungry projects. He also mentioned the thriving private business sector in Vietnam that eagerly craves funding from international investment funds.

Gold Rush: Azerbaijan's Riches and Vietnam's Promise

Praising AzerGold's expertise and mining capabilities, Tô Lâm assured that Vietnam would create a welcoming environment for Azerbaijani investments, ensuring a stable and long-term return on investment. He emphasized that the success of Azerbaijani businesses would boost the bilateral relationship.

Balancing Act between Mining and Minerals: Striking the Right Balance

AzerGold's Chair, Zakir Ibrahimov, took a moment to appreciate the strong diplomatic relations between the two countries, based on mutual respect. He proposed cooperation with Vietnamese enterprises in the mining sector, expressing his interest in information exchange and creating cooperation platforms.

Oil and Gas Major: SOCAR's Interests and Opportunities

Kanan Najafov, Vice-President of the state-owned State Oil Company of Azerbaijan Republic (SOCAR), stated that the company operates across all areas related to oil, gas, and energy, and is expanding into new areas, including retail. Najafov expressed a desire to increase oil exchanges, supply gas and liquefied natural gas (LNG) to the Petrovietnam Gas Joint Stock Corporation (PV GAS), and join LNG-fueled power projects in Việt Nam. He also believes this cooperation will be a fantastic opportunity for both companies to collaborate.

SOFAZ's Role: Managing Financial Resources and Major Projects

Party chief Tô Lâm and representatives of top Azerbajian's enterprises at the meeting on May 8. - VNA/VNS Photo

Shahmar Movsumov, Chief Executive Officer of SOFAZ, shared his desire to foster cooperation with Asian countries, particularly with Vietnam, a rapidly developing economy. He expressed his excitement for strengthening ties with Vietnam and ensuring efficient use of financial resources to finance major projects.

Sources:1. Vietnam News2. Azerbaijani Diplomatic Service3. Embassy of Vietnam in Azerbaijan4. Vietnam Briefing5. Vietnam Investment Review

The meeting between Vietnam's Communist Party Chief Tô Lâm and Azerbaijani power players highlighted the potential for expansion of economic collaborations, focusing on energy, finance, banking, infrastructure development, and real estate. During a breakfast rendezvous, Tô Lâm commended the role of Azerbaijani firms in their nation's socio-economic growth and their international partnership efforts. He emphasized that the current level of cooperation falls short of reflecting the strong political ties between the nations.

Tô Lâm expressed interest in Vietnam investing in Azerbaijan's oil fields and continuing oil and petroleum product imports. He also expressed faith in Azerbaijani investment funds like AzerGold CJSC and SOFAZ, confirming a welcoming environment for Azerbaijani investments in Vietnam.

AzerGold's Chair, Zakir Ibrahimov, proposed cooperation in the mining sector, expressing interest in information exchange and cooperation platforms. Meanwhile, SOCAR's Vice-President, Kanan Najafov, expressed a desire to increase oil exchanges, supply gas and LNG to PV GAS, and join LNG-fueled power projects in Vietnam.

Shahmar Movsumov, Chief Executive Officer of SOFAZ, expressed excitement for stronger ties with Vietnam, aiming to efficiently use financial resources to finance major projects. Tô Lâm and Azerbaijan's enterprise representatives at the meeting on May 8 emphasized the importance of AI, trade, and renewable energy in the future of bilateral relationships. This meeting serves to highlight the exciting potential for growth and collaboration between the Vietnamese and Azerbaijani industries, particularly in finance, energy, oil-and-gas, and real-estate investing.

Vietnam Prepared to Enhance Collaboration with Azerbaijani Businesses: Top Party Leader