PV GAS works in Laos and meets LPG trading companies in Laos market
As a part of the international business expansion and research plan of Petrovietnam Gas Joint Stock Corporation (PV GAS), from February 28 to March 5, the go-to-market delegation of PV GAS includes: representatives of the Corporation's Source and Market Development Division, Petrovietnam Gas Trading Company (PV GAS Trading) and Vietnam LPG Trading Joint Stock Company (PV GAS LPG) made a trip to survey, research, and develop the LPG trading market in Laos.
During the meeting with the Lao Fuel and Gas Association (LFGA) led by Mr. Thongthamalat, its General Secretary, the PV GAS delegation introduced the process of establishment and development, orientations, and LPG trading strategy. LFGA welcomed PV GAS research/investment plans and enthusiastically shared information about the market, potential and development orientation of the LPG market in Laos. Through the meeting, the two sides exchanged information about their market, including advantages and disadvantages for foreign enterprises when investing in petroleum and gas trading in Laos, the legal corridor/technical infrastructure for gas products, customers' consumption habits, etc. and possible solutions, which are suitable to each side's conditions to develop the market in the direction of transparency and favorability for businesses, and to ensure legitimate interests of consumers.
Next, the PV GAS delegation visited and worked at Lao State Fuel Company (LSFC); the LPG filling station of Sunbin Gas Company; One Lao Gas Company (GOL) and its LPG filling station and warehouse,...
PV GAS delegation also had a working session with PVOIL - branch in Vientiane capital. Mr. Bui Huu Quyen, Director of the latter, shared his experience in market penetration, the advantages and disadvantages of PVOIL in its investment in petroleum trading at Laos. PVOIL Laos is committed to supporting PV GAS to penetrate the LPG market in Laos.
The shared practical experiences will help the Delegation have specific information and accurate assessment to optimize market development plans.