Industry News

Energy stocks lead VN markets up

Energy stocks led local markets up despite oil prices falling for a fourth trading day.

Quang Ngai pins hopes on ExxonMobil’s power project

The central province of Quang Ngai is looking forward to the development of a multi-billion dollar gas-to-power complex, developed by the US energy giant ExxonMobil Corp.

VN stocks rise, boosted by energy sector

Vietnamese shares extended their gains on both local markets this morning, led by energy stocks.

PM starts gas project in Kien Giang province

PM Nguyen Tan Dung on April 3 pressed a button to launch the Block B-O Mon gas project in the southern province of Kiên Giang.

PetroVietnam to build natural gas processing plant

The Viet Nam Oil and Gas Group (PetroVietnam) will build an offshore natural gas processing plant and two 700MW plants in central Quang Nam and neighbouring Quang Ngai provinces.

Thai Banpu to chip in to Vietnamese power sector

On March 3, the Thua Thien Hue People’s Committee and Thai Banpu Public Company Limited (Banpu) signed a memorandum of understanding (MOU) for an investment cooperation plan to develop a 1,200 megawatt (MW) thermal power plant in Phong Dien district.

Solar power plant green-lit

Korea’s Power Plus Doosung Vina has just received an investment certificate to build a 30-megawatt solar power plant in the central province of Binh Thuan, adding much-needed funding into the renewable energy sector in Vietnam.

POSCO Energy to build second thermal power plant in Vietnam

POSCO Energy Co. said on February 22 that it signed a memorandum of understanding (MOU) agreement on Sunday with Nghe An provincial government to build a thermal power plant, the second coal-fueled power plant to be built by the South Korean company in Viet Nam.

Vietnam ready for nuclear power development

Vietnam has issued a host of legal documents on atomic energy in order to create a legal corridor for the safe and efficient development of nuclear power.

Vietnam's energy sector forecast to see record FDI pledges

Vietnam's energy sector is set to become a new foreign investment magnet this year with at least US$4.5 billion to be committed for two new power plants, a government report said.
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