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US firms keen on boosting presence in Vietnam after historic relationship upgrade

A U.S. business delegation, including 3M, AES, Amazon, FedEx, and Meta, is exploring business opportunities in Vietnam, the largest visit of its kind since the U.S. and Vietnam double upgraded their relations to a Comprehensive Strategic Partnership.

Companies - Tue, March 19, 2024 | 4:22 pm

AES earns 2023 revenue of $344 mln in Vietnam, plans to sell power plant by mid 2025

AES Corporation earned a revenue of $344 million from its operations in Vietnam in 2023, according to the American energy company’s year performance review.

Energy - Wed, February 28, 2024 | 10:53 am

AES Vietnam president elected AmCham Hanoi chair for 2024

The board of the American Chamber of Commerce in Hanoi (AmCham Hanoi) has elected president of energy firm AES Vietnam, Joseph Uddo, as its new chairman for 2024.

Companies - Thu, January 4, 2024 | 3:46 pm

2023: energy, electronics sectors shine bright as Vietnam attracts huge foreign investments

Energy and electronics sectors hogged the limelight as registered foreign direct investment (FDI) in Vietnam reached $36.6 billion this year through December 20, up 32.1% year-on-year.

A year in review and 2024 forecasts - Fri, December 29, 2023 | 9:15 am

AES, Citi, CocaCola, Dow Chemical, ExxonMobil, Meta win AmCham CSR awards

The American Chamber of Commerce (AmCham) has recognized 33 members for carrying out high quality, sustainable corporate social responsibility (CSR) programs in Vietnam.

Companies - Thu, December 7, 2023 | 3:21 pm

Mong Duong’s note ratings unaffected by ownership change in near term: Fitch

AES Corporation's agreement to sell its 51% stake in AES Mong Duong Power Company Limited and Mong Duong Finance Holdings B.V. to Sev.en Global Investments Pty Ltd will not materially alter Fitch Ratings’ credit view of the senior secured notes issued by Mong Duong Finance in the near term.

Companies - Tue, December 5, 2023 | 11:23 pm

AES sells 51% of thermal power plant in Vietnam

American energy company AES Corporation has reached an agreement to sell its 51% equity stake in Mong Duong 2 coal-fired power plant in Vietnam to the Czech Republic-based Se.ven Global Investments, the two sides announced on Thursday.

Energy - Fri, December 1, 2023 | 11:22 am

US holds potential to become top 10 investor in Vietnam: Deputy PM

Vietnam and the U.S. should collaborate to make the global superpower one of the top 10 foreign investors in the Southeast Asian nation, Deputy Prime Minister Tran Luu Quang said at the U.S.-Vietnam Business Summit 2023 on Tuesday.

Economy - Tue, October 31, 2023 | 11:30 am

US business delegation seeks partners in HCMC

American corporations such as Walmart, Boeing, and AES will be in Ho Chi Minh City this week to participate in the "Connecting international Goods Supply Chains" and "Vietnam International Sourcing 2023" events, according to the Investment and Trade Promotion Centre of HCMC (ITPC).

Companies - Tue, September 12, 2023 | 9:51 am