Minister of Energy and Petroleum Rafael Ramírez has disclosed that a Venezuelan refinery will be built in Vietnam next year as part of the energy exchange expansion plan bolstered by state-run holding Petróleos de Venezuela (Pdvsa).

The minister told official TV channel Venezolana de Televisión that Vietnam is one of the countries showing the largest economic growth in the world, official news agency ABN reported.

He recalled also that during a visit paid recently to Malaysia, President Hugo Chávez executed a number of agreements for development of technologies aimed at manufacturing of biofuel.