MoU inked for liquefied natural gas-fired power project in Bac Lieu Business

MoU inked for liquefied natural gas-fired power project in Bac Lieu

A memorandum of understanding (MoU) on the building of a 3,200MW liquefied natural gas-fired power plant in the Mekong Delta province of Bac Lieu was signed between representatives of the provincial People’s Committee and Singapore’s Delta Offshore Energy Pte.Ltd (DOE), at a ceremony in the locality on October 12.
PV GAS’s reports post-tax profit of 259 mln USD in nine months  Business

PV GAS’s reports post-tax profit of 259 mln USD in nine months

PetroVietnam GAS Corporation JSC (PV GAS), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), raked in over 6 trillion VND (over 259 million USD) of post-tax profit in the first nine months of the year, exceeding the target set for the period by 27 percent.
Power transmission grid should be developed: insiders Business

Power transmission grid should be developed: insiders

As the country’s total power output will expand by 80,000 MW by 2030, while large sources are located far from centres, it is necessary to develop sufficient power transmission grid to ensure stable operation of the whole system, according to Deputy Minister of Industry and Trade Hoang Quoc Vuong.
Vietnam steps up clean energy development: report Business

Vietnam steps up clean energy development: report

The year 2020 marks a major turning point in the energy industry of Vietnam, with clean energy strengthening its solid position and establishing itself as a profitable sector with significant potential for development, while coal-fired thermal power no longer holding the position as a favoured energy source in the country.
Power sector seeking ways to grow further Business

Power sector seeking ways to grow further

Vietnam is striving for a commercial electricity output of 337.5 billion kWh by 2025 and 478.1 billion kWh by 2030, down 15 billion kWh and nearly 230 billion kWh compared with those in the adjusted Power Planning VII.
HCM City cuts costs for first BRT route Society

HCM City cuts costs for first BRT route

Investment for Ho Chi Minh City’s first Bus Rapid Transit (BRT) route extending 25km between the city’s eastern and western sections has been cut by 13 million USD to 143 million USD by the municipal People’s Committee.
PetroVietnam subsidiaries ink deal on projects Business

PetroVietnam subsidiaries ink deal on projects

Three subsidiaries of the State-owned Vietnam Oil and Gas Group (PetroVietnam) signed a business cooperation contract (BCC) on August 3 to carry out a chain of gas, power, and service port projects.
PetroVietnam fulfils 2020 increase to oil and gas reserves Business

PetroVietnam fulfils 2020 increase to oil and gas reserves

The Vietnam Oil and Gas Group (PetroVietnam) has announced that its exploration of the Ken Bau-2X well, located in the Red River Basin offshore of Vietnam’s northern continental shelf, helped the firm fulfil its plan of increasing oil and gas reserves in 2020 ahead of schedule.