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

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES Vietnam president elected AmCham Hanoi chair for 2024

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES sells 51% of thermal power plant in Vietnam

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

US business delegation seeks partners in HCMC

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

American businesses make strong progress in Vietnam

American businesses make strong progress in Vietnam

U.S. giants like Intel, Cargill, Nike, AES, Murphy Oil, First Solar, Boeing and Apple have made extensive investments in Vietnam since the two countries normalized their relations in 1995.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

President Biden’s visit set to catalyze high-quality investment in Vietnam

President Biden’s visit set to catalyze high-quality investment in Vietnam

The upcoming state visit by U.S. President Joe Biden to Hanoi is poised to beef up American investment in Vietnam as the two former war foes seek to elevate their diplomatic ties.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Binh Thuan province certifies investors in LNG-to-power projects

Binh Thuan province certifies investors in LNG-to-power projects

Binh Thuan authorities granted investment certificates to six investors in four projects within the LNG-to-power chain in the south-central Vietnam province on Friday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES, PV Gas receive investment policy approval for LNG terminal project in central Vietnam

AES, PV Gas receive investment policy approval for LNG terminal project in central Vietnam

A joint venture between American energy firm AES Corporation and Petrovietnam subsidiary PV Gas was granted investment policy approval for its $1.4 billion Son My LNG Terminal project by authorities in Binh Thuan province on Tuesday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES commits to helping Vietnam reach 2050 net-zero emission goal

AES commits to helping Vietnam reach 2050 net-zero emission goal

American energy company AES Corporation will continue its mega offshore wind power project in Binh Thuan province and is committed to helping Vietnam fulfill its net-zero emission goal by 2050, said executive vice president Bernerd Da Santos.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

North central, central coastal regions welcome projects worth billions of USD

North central, central coastal regions welcome projects worth billions of USD

Many mega investment projects in Vietnam's north-central and central coastal regions received approval from local authorities on Sunday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES okayed to build $1.8 bln LNG-to-power plant in Binh Thuan

AES okayed to build $1.8 bln LNG-to-power plant in Binh Thuan

American energy corporation AES officially received in-principle approval for its 2.25-gigawatt Son My 2 combined cycle gas turbine power plant in the south-central province of Binh Thuan on Sunday, with an investment of $1.8 billion.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

American utility AES pledges long-term investment support for Vietnam’s net-zero emissions goal

American utility AES pledges long-term investment support for Vietnam’s net-zero emissions goal

American energy developer AES is committed to long-term operations in Vietnam, helping the country reach its carbon neutrality target by 2050.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES gets ministerial nod for 2,250 MW LNG power project in Binh Thuan

AES gets ministerial nod for 2,250 MW LNG power project in Binh Thuan

American energy corporation AES has received in-principle approval from the Ministry of Industry and Trade for its VND50,432 billion ($2.11 billion) Son My 2 LNG-to-power project in the south-central province of Binh Thuan.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES plans 4GW offshore wind power project in central Vietnam

AES plans 4GW offshore wind power project in central Vietnam

American energy company AES Corporation, which owns the Mong Duong coal-fired power plant in Quang Ninh province, is considering developing a $13 billion offshore wind farm in Binh Thuan.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

American firms gear up for Vietnam energy projects

American firms gear up for Vietnam energy projects

Big U.S-backed energy projects are gathering pace in Vietnam, an energy-thirsty economy eyeing a net-zero goal by 2050.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES, PV Gas get investment certificate for $1.4 bln LNG terminal in Vietnam

AES, PV Gas get investment certificate for $1.4 bln LNG terminal in Vietnam

American corporation AES and Vietnam's PV Gas on Wednesday received an investment registration certificate for their $1.4 bln LNG terminal project in Binh Thuan province.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign firms seek Petrovietnam partnership in offshore wind projects

Foreign firms seek Petrovietnam partnership in offshore wind projects

A string of foreign companies seeks to collaborate with the state-run Petrovietnam on offshore wind power projects in the country.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7