Hai Linh becomes second LNG trading firm in Vietnam
Vietnamese fuel business Hai Linh Company Limited has received a license to import and export LNG, becoming the second LNG trading firm in Vietnam, S&P Global reported on Monday.
The first is PVGas, a subsidiary of state-owned Petrovietnam and listed on the Ho Chi Minh Stock Exchange (HoSE) as GAS.
A fuel station of Hai Linh Company Limited in Bac Ninh province, northern Vietnam. Photo courtesy of Bac Ninh newspaper.
Hai Linh is known as a major fuel business in Vietnam and the developer of Cai Mep LNG terminal.
The terminal is connected to the nearby Phu My Industrial Zone in Ba Ria-Vung Tau province and has pipeline connectivity to Vietnam’s largest power generation complex, Phu My, which has gas-fired capacity of 3.9 GW.
It is one of two existing LNG terminals in Vietnam. The other, currently the only operational facility, is the LNG Thi Vai terminal operated by PV Gas, also in Ba Ria-Vung Tau.
In May, Singapore-headquartered AG&P LNG, a subsidiary of the U.S.-based Nebula Energy, said it plans to start commissioning the Cai Mep LNG terminal in September.
The move is the firm’s next step after the acquisition of a 49% stake in the terminal in March through an agreement with local firm Hai Linh, AG&P LNG said.
The terminal, with 22 hectares of storage for LNG, has an initial capacity of three million tons per annum (MTPA) and could double the figure, AG&P LNG said.
- Related News
- Read More
Four Chinese companies to invest in Indonesia’s EV industry
Four Chinese companies will establish EV-related manufacturing facilities in Indonesia, Pandu Sjahrir, chief investment officer (CIO) of the Indonesia's Daya Anagata Nusantara Investment Management Agency (Danantara) said on Sunday.
Southeast Asia - Mon, May 26, 2025 | 10:37 pm GMT+7
Vietnam’s coffee exports hit $4.2 bln in first 5 months
Vietnam exported over 736,000 tons of coffee in the year to mid-May, earning $4.2 billion, according to Vietnam Customs.
Economy - Mon, May 26, 2025 | 10:26 pm GMT+7
Vietnam, Malaysia, Singapore firms sign deal on clean electricity supply
Leading energy corporations of Vietnam, Malaysia and Singapore have agreed to cooperate in clean electricity production and cross-border supply.
Energy - Mon, May 26, 2025 | 10:04 pm GMT+7
S Korea's KT proposes to establish AI data center in Vietnam
KT, formerly known as Korea Telecom, has proposed to set up an AI data center in Vietnam, which will serve as a strategic hub to develop AI solutions and human resources for the Southeast Asian market.
Industries - Mon, May 26, 2025 | 8:57 pm GMT+7
Chinese firm Livzon spends over $219 mln to acquire 64.8% stake in Vietnam's Imexpharm
A major acquisition of shares in Vietnamese pharma firm Imexpharm is expected to strengthen Livzon Pharmaceutical Group’s international expansion strategy and support its entry into foreign markets.
Companies - Mon, May 26, 2025 | 5:54 pm GMT+7
Vietnam, France exchange cooperation documents on transportation, nuclear power, vaccine
Vietnamese President Luong Cuong and French President Emmanuel Macron on Monday witnessed the exchange of many cooperation documents between the two countries.
Economy - Mon, May 26, 2025 | 4:45 pm GMT+7
VCCI proposes not to exempt goods imported via e-commerce
The Vietnam Chamber of Commerce and Industry (VCCI) has proposed the government implement a comprehensive import tax policy that eliminates exemptions or reductions for goods imported through e-commerce channels.
Economy - Mon, May 26, 2025 | 2:22 pm GMT+7
Bidding process underway for Ca Na LNG-fueled power project in central Vietnam
Companies will submit bids for the Ca Na LNG-to-power project in south-central Vietnam's Ninh Thuan province until June 30, 2025.
Energy - Mon, May 26, 2025 | 12:56 pm GMT+7
Vietnam's top private firm Vingroup proposes $4.5 bln wind power project in HCMC
Vingroup, a leading Vietnamese property developer and carmaker, has proposed to invest in a nearshore wind power project worth $4.5 billion in Can Gio, the only coastal district in Ho Chi Minh City.
Energy - Mon, May 26, 2025 | 8:58 am GMT+7
Vietnam's galvanized steel major Ton Dong A seeks HCMC bourse listing after 2 years of missing out
Profits of Ton Dong A Corporation, a major manufacturer of galvanized steel sheets in Vietnam, have been affected by the declines in overseas market demand due to stricter trade policies.
Companies - Sun, May 25, 2025 | 4:24 pm GMT+7
Vietnam's coffee chain Every Half raised $3 mln in pre-series A funding round
Every Half Coffee Roasters has raised $3 million in its pre-series A funding round, with continued investment from Openspace Ventures and DSG Consumer Partners - two funds that have supported the company since the beginning.
Finance - Sun, May 25, 2025 | 11:32 am GMT+7
Steel giant Hoa Phat to develop $162 mln industrial park in central Vietnam
Hoa Tam Industrial Park Infrastructure Development JSC, a subsidiary of Vietnam’s major steelmaker Hoa Phat Group, will develop the Hoa Tam Industrial Park (IP) first phase in the central province of Phu Yen province, with an investment of nearly VND4.2 trillion ($161.82 million).
Real Estate - Sun, May 25, 2025 | 10:19 am GMT+7
Vietnam’s leading retailer Mobile World posts 13% revenue growth in Jan-Apr
Vietnamese retail giant Mobile World Investment Corp (HoSE: MWG) reported a 13% year-on-year rise in revenue to VND48.6 trillion ($1.77 billion) in the first four months of this year, reaching 32% of its full-year target.
Companies - Sun, May 25, 2025 | 8:00 am GMT+7
Samsung Vietnam seeks VAT refund for HCMC subsidiary
Samsung Vietnam CEO Na Ki-hong brought up the issue of value-added tax (VAT) refunds for Samsung Electronics HCMC CE Complex (SEHC) in Ho Chi Minh City at his working session with Minister of Finance Nguyen Van Thang on Thursday.
Companies - Sat, May 24, 2025 | 2:48 pm GMT+7
Hundreds of wind, solar power investors petition Vietnam authorities to uphold feed-in tariffs
Investors and financial institutions related to 173 wind and solar power projects in Vietnam have called on the government to maintain the feed-in tariffs (FIT) and commercial operation dates (COD) previously recognized.
Energy - Sat, May 24, 2025 | 12:30 pm GMT+7
Why Vietnam struggles to attract private aviation investment
Vietnam’s aviation sector has grown rapidly, but its airport infrastructure struggles to keep up with rising demand, posing challenges for expansion and efficiency, writes Dr Chu Thanh Tuan, associate program manager of the Undergraduate Business Program at RMIT Vietnam.
Consulting - Sat, May 24, 2025 | 8:00 am GMT+7
