Energy China seeks LNG investments in Vietnam
China Energy Engineering Corporation Limited (Energy China), one of the largest solution providers for the power industry in China, is eyeing to make investments in LNG-related power projects in Vietnam, says executive director Ni Zhen.
The executive made the statement at a Friday meeting with Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son.
Energy China has experience in the energy sector, especially in financing, designing, construction, equipment manufacturing, and operation, Ni Zhen added.
Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son (right) and Energy China executive director Ni Zhen at a meeting in Hanoi, December 6, 2024. Photo courtesy of the government's news portal.
In Vietnam, Energy China has invested and operated as the contractor of over 70 electricity projects worth over $9 billion.
The Chinese executive also suggested further cooperation in energy storage and power transmission.
In response, Deputy PM Bui Thanh Son hailed Energy China’s operation and its plan on expansion in Vietnam. Vietnam currently prioritizes foreign investments in energy, especially in capital attraction and technology transfer, he added.
Son suggested the Chinese side boost investment in wind power and pumped storage hydropower.
He also noted that Vietnam welcomes Chinese firms to invest in infrastructure, including expressways, railways, and high-speed railways.
- Related News
- Read More
Taiwan’s pharma firm Lotus acquires edema medicine rights in Vietnam from Sanofi
Taiwan-based Lotus Pharmaceutical has acquired the trademark, marketing authorization, economic interest, and manufacturing processes of Alphachymotrypsine Choay for Vietnam from French pharmaceutical firm Sanofi.
Companies - Thu, January 9, 2025 | 5:05 pm GMT+7
US to limit imports from China, opening doors for Vietnam: US food association
When Donald Trump takes office, Vietnam will have greater opportunities to export to the U.S., said Bob Bauer, president of the US Association of Food Industries.
Economy - Thu, January 9, 2025 | 4:17 pm GMT+7
Samsung Electronics, PVOIl, Petrolimex among top 10 largest firms in Vietnam
Samsung Electronics Vietnam Thai Nguyen (SEVT), Petrovietnam’s subsidiary PVOIL, and fuel retailer Petrolimex topped the list of largest enterprises in Vietnam in 2024.
Economy - Thu, January 9, 2025 | 3:42 pm GMT+7
Vietnam’s 2025 economic expansion likely 7%: UOB
Singaporean bank UOB has raised its forecast for Vietnam’s GDP growth in 2025 to 7% from 6.6% last October.
Economy - Thu, January 9, 2025 | 3:18 pm GMT+7
Vietnam urges Doosan to invest in offshore wind power
Doosan Vina, under South Korean giant Doosan Enerbility, should expand its business in Vietnam to new sectors such as offshore wind power, Deputy Prime Minister Nguyen Hoa Binh told the company's CEO.
Energy - Thu, January 9, 2025 | 11:38 am GMT+7
PayPal, Airbnb, Booking.com, Agoda yet to register to pay tax in Vietnam: authorities
PayPal, Airbnb, Booking.com, and Agoda are four major foreign e-commerce businesses in Vietnam that have yet to register to pay taxes via the digital portal of the General Department of Taxation.
Companies - Thu, January 9, 2025 | 10:39 am GMT+7
Wood exports poised to reach $18 bln in 2025
Vietnam’s Department of Forestry under the Ministry of Agriculture and Rural Development has projected a positive outlook for wood and wood product exports in 2025, with a target of $18 billion.
Economy - Thu, January 9, 2025 | 9:52 am GMT+7
Vietnam banks rush to raise capital on positive outlook
A slew of Vietnamese banks have planned to increase their charter capital in anticipation of a positive outlook for 2025.
Banking - Thu, January 9, 2025 | 8:49 am GMT+7
Malaysia unlocks e-commerce growth
Malaysia’s strategic location, strong courier networks, and growing digital consumer base provide a solid foundation for e-commerce success, said David Black, CEO and founder of Blackbox Research.
Southeast Asia - Wed, January 8, 2025 | 9:41 pm GMT+7
Malaysia prepares workforce for digital transformation
Government analysis showed that over 30% of jobs in Malaysia will be affected by artificial intelligence (AI) in the next decade, with manufacturing, services and information technology expected to undergo significant transformation, said Minister of Science, Technology, and Innovation Chang Lih Kang.
Southeast Asia - Wed, January 8, 2025 | 9:39 pm GMT+7
Investment funds in Vietnam outperform benchmark VN-Index
Many open-ended investment funds in Vietnam delivered impressive performance in 2024, achieving returns of up to tens of percent with portfolios focusing on leading stocks in banking, technology, and retail sectors.
Finance - Wed, January 8, 2025 | 9:08 pm GMT+7
HCMC to start building at least one logistics center before April 30: official
HCMC will prioritize a series of large-scale projects, including starting construction on at least one logistics center before April 30, says Le Huynh Minh Tu, deputy director of the city's Department of Industry and Trade.
Infrastructure - Wed, January 8, 2025 | 6:15 pm GMT+7
Vietnam’s Ninh Thuan province 'ready' to deploy nuclear power project
Vietnam's south-central province of Ninh Thuan is ready to deploy tasks in line with its responsibility to restart the country’s nuclear power project, says Ninh Thuan Chairman Tran Quoc Nam.
Energy - Wed, January 8, 2025 | 5:07 pm GMT+7
Vietnam to focus on 3 'strategic breakthroughs' for double-digit growth in 2025: Deputy PM
The government is focusing on three "strategic breakthroughs" to achieve a double-digit economic growth for 2025, says Deputy Prime Minister Ho Duc Phoc.
Economy - Wed, January 8, 2025 | 4:58 pm GMT+7
Thailand WHA to start work on 2 industrial park projects in central Vietnam, study 3 more
Thailand’s top industrial park (IP) developer WHA will soon commence work on two industrial parks in Vietnam’s central province of Thanh Hoa and study to build three more.
Industrial real estate - Wed, January 8, 2025 | 4:02 pm GMT+7
Murphy Oil discovers oil at well offshore southern Vietnam
Murphy Cuu Long Tay Oil Ltd., a subsidiary of the U.S.-headquartered Murphy Oil Corporation, has drilled an oil discovery at the Hai Su Vang-1X exploration well offshore southern Vietnam, encountering about 370 feet of net oil pay from two reservoirs.
Companies - Wed, January 8, 2025 | 3:30 pm GMT+7
