EVNGENCO3 completes over 50% of year's profit target, accelerates investment in new power projects

EVNGENCO3 completes over 50% of year's profit target, accelerates investment in new power projects

Vietnam's Power Generation Corporation 3 (EVNGENCO3) has completed nearly 55% of its full-year profit target after the first five months of 2026, supported by resilient electricity demand and stable system operations, while stepping up investments in LNG-fired power, battery energy storage systems (BESS) and renewable energy projects.

Investing - Thu, June 18, 2026 | 8:17 am GTM+7

Oil & gas industry gives Vietnam edge in offshore wind supply chain: Global Wind Energy Council CEO

Oil & gas industry gives Vietnam edge in offshore wind supply chain: Global Wind Energy Council CEO

Vietnam is well positioned to play a significant role in the offshore wind power supply chain thanks to its established manufacturing base and expertise developed through its oil & gas industry and existing wind power projects, according to Ben Backwell, CEO of the Global Wind Energy Council (GWEC).

Energy - Tue, June 16, 2026 | 4:31 pm GTM+7

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Vietnamese conglomerate Thaco and South Korea’s Hyundai Rotem have signed a detailed technology transfer and localization agreement for railway rolling stock production.

Industries - Mon, June 15, 2026 | 4:01 pm GTM+7

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Orbbec Inc., a Chinese company specializing in 3D vision sensors and robotic hardware, is building an over-10-hectare manufacturing center in the northern province of Bac Ninh to serve international markets.

Industries - Mon, June 15, 2026 | 8:00 am GTM+7

Long Thanh airport project faces shortage of 2,000 workers

Long Thanh airport project faces shortage of 2,000 workers

The Long Thanh International Airport project in the southern province of Dong Nai is still short nearly 2,000 workers compared to actual requirements during its final acceleration phase.

Infrastructure - Sun, June 14, 2026 | 6:08 pm GTM+7

T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam

T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam

Vietnamese conglomerate T&T Group is seeking to accelerate five projects in Bac Ninh while proposing two new developments in this northern province.

Infrastructure - Sat, June 13, 2026 | 7:09 pm GTM+7

Japan’s Meiko breaks ground on $500 mln electronic circuit plant in northern Vietnam

Japan’s Meiko breaks ground on $500 mln electronic circuit plant in northern Vietnam

Japanese electronics manufacturer Meiko Group on Friday broke ground on a $500 million electronic circuit plant in northern Vietnam, underscoring the country’s growing role in global technology supply chains and advanced manufacturing.

Investing - Fri, June 12, 2026 | 4:06 pm GTM+7

Vietnam's EVN discusses energy investment opportunities with Thailand's Gulf Energy

Vietnam's EVN discusses energy investment opportunities with Thailand's Gulf Energy

Vietnam Electricity (EVN) chairman Dang Hoang An met executives from Thailand's Gulf Energy in Hanoi on Wednesday to discuss the company's investment plans and the development of energy projects in Vietnam.

Energy - Fri, June 12, 2026 | 3:59 pm GTM+7

Three developers commit nearly $570 mln to free trade zone in central Vietnam

Three developers commit nearly $570 mln to free trade zone in central Vietnam

Authorities in Vietnam’s central city of Danang has approved over VND15 trillion ($569.7 million) of investment for three infrastructure projects at its newly established free trade zone (FTZ).

Infrastructure - Fri, June 12, 2026 | 12:36 pm GTM+7

Vietnam government seeks assurances from TKG Taekwang over $2.2 bln power project

Vietnam government seeks assurances from TKG Taekwang over $2.2 bln power project

Vietnam's Standing Deputy Prime Minister Pham Gia Tuc has asked South Korea's TKG Taekwang Group to clarify its commitment to moving ahead with the long-delayed Nam Dinh 1 build-operate-transfer (BOT) thermal power project, with a particular focus on financing arrangements, carbon-emission reduction technology and a specific construction timeline.

Energy - Fri, June 12, 2026 | 9:06 am GTM+7

CIP, Fecon propose 1-GW Lao wind farm to export power to Vietnam

CIP, Fecon propose 1-GW Lao wind farm to export power to Vietnam

Danish renewable energy developer Copenhagen Infrastructure Partners (CIP) and Vietnamese contractor developer Fecon have proposed co-developing a 1-GW onshore wind project in Laos to export electricity to Vietnam, as the two companies seek to capitalize on growing regional demand for clean energy.

Energy - Thu, June 11, 2026 | 9:40 pm GTM+7

Foxconn, Brookfield partner on 1 GW renewable energy buildout in Vietnam

Foxconn, Brookfield partner on 1 GW renewable energy buildout in Vietnam

Taiwanese electronics manufacturing giant Foxconn and global investment firm Brookfield Asset Management have formed a strategic partnership to develop up to 1 gigawatt of renewable energy capacity in Vietnam, underscoring growing demand from multinational manufacturers for clean power in one of Asia's fastest-growing production hubs.

Energy - Thu, June 11, 2026 | 3:36 pm GTM+7

Vietnam courts offshore wind investment to meet rising power demand

Vietnam courts offshore wind investment to meet rising power demand

Vietnam is stepping up efforts to develop offshore wind power as part of its energy transition strategy, with the government pledging regulatory reforms and faster project approvals to attract global investors.

Energy - Thu, June 11, 2026 | 7:49 am GTM+7

Murphy Oil sees Vietnam as key partner, seeks to expand upstream activities

Murphy Oil sees Vietnam as key partner, seeks to expand upstream activities

U.S.-based energy company Murphy Oil views Vietnam as an important partner and is interested in expanding its upstream oil and gas activities in the country, said the company's president and CEO Eric Hambly.

Industries - Wed, June 10, 2026 | 3:18 pm GTM+7

EVNGENCO3 eyes $270 mln flexible LNG power plant in northern Vietnam

EVNGENCO3 eyes $270 mln flexible LNG power plant in northern Vietnam

A consortium comprising state-owned power producer EVNGENCO3 and private energy company Thuan Hai has emerged as the sole bidder for a flexible power plant project in Ninh Binh province.

Energy - Mon, June 8, 2026 | 9:21 pm GTM+7

Power utility POW to benefit from LNG expansion as Nhon Trach plants target profitability by 2028

Power utility POW to benefit from LNG expansion as Nhon Trach plants target profitability by 2028

PV Power (HoSE: POW), a subsidiary of state-owned Petrovietnam, is expected to turn its flagship Nhon Trach 3 and 4 LNG-fired power plants profitable by 2028, as lower-than-expected construction costs and improving operating efficiency strengthen the economics of Vietnam’s first LNG-to-power plants.

Energy - Mon, June 8, 2026 | 4:29 pm GTM+7

Singapore-backed giant to break ground on $216 mln wind farm project in central Vietnam

Singapore-backed giant to break ground on $216 mln wind farm project in central Vietnam

Singapore-based renewable energy developer Nexif Ratch Energy SE Asia Pte. Ltd has committed to begin construction of the VND5.7 trillion ($216.5 million) wind power project in Gia Lai this November as the central province pushes ahead with renewable energy development under its adjusted Power Development Plan VIII.

Energy - Sun, June 7, 2026 | 8:00 am GTM+7

UAE retail giant explores investment opportunities in central Vietnam

UAE retail giant explores investment opportunities in central Vietnam

LuLu Group International of the United Arab Emirates (UAE), a retail conglomerate operating more than 280 supermarkets across 22 countries, is exploring opportunities to expand business cooperation in Dak Lak province, central Vietnam.

Industries - Sat, June 6, 2026 | 4:23 pm GTM+7

S Korea’s LG Innotek expands semiconductor substrate plant in northern Vietnam

S Korea’s LG Innotek expands semiconductor substrate plant in northern Vietnam

LG Innotek, the electronic components arm of LG, will expand its semiconductor substrate manufacturing facility in the northern port city of Hai Phong, reinforcing Vietnam’s role in the company’s strategic “dual-hub” manufacturing model for its package solutions business.

Industries - Sat, June 6, 2026 | 9:48 am GTM+7