Hanoi, April 1 -- Vietnam and Japan signed a landmark 25-year production sharing contract (PSC) for oil and gas exploration in Block 15-2 of Cuu Long basin in Vietnam's southern waters on March 31. The contract, secured by the Vietnam Oil and Gas Group (PetroVietnam), Japan Vietnam Petroleum Company Limited (JVPC, a wholly-owned subsidiary of Japan's ENEOS Xplora), and PetroVietnam Exploration Production Corporation (PVEP), will begin on April 7, 2025. At the signing ceremony, Deputy Prime Minister Bui Thanh Son laid stress on the significance of foreign investments to Vietnam's key economic sectors, particularly in oil and gas exploration. He said cooperation with foreign partners, including Japanese firms boasting advanced technologies,...