UK Jadestone Energy submits field development plan for gas fields offshore Vietnam
Jadestone Energy, upstream production and development company listed on the London Stock Exchange as JSE, has submitted a field development plan (FDP) for the Nam Du/U Minh discoveries offshore southwest Vietnam.
In a Tuesday statement, Singapore-headquartered Jadestone Energy said it has submitted the FDP to state-owned Petrovietnam, part of the regulatory approval process.

A rig of Jadestone Energy. Photo courtesy of the firm.
The next steps in the development process include finalizing the gas sales agreement, which is well advanced with the gas buyer, with the heads of agreement agreed in January 2024.
A financing plan, which could involve bringing in development partners, would be progressed in parallel with major contract tenders, with both finalized prior to project final investment decision (FID) and any significant expenditure, Jadestone Energy clarified.
The FDP contemplates drilling two wells from each platform to support a plateau rate of 80 million standard cubic feet per day (MMscf/d). Following receipt of Petrovietnam’s endorsement, the FDP will be considered for approval by the Ministry of Industry and Trade, Jadestone Energy added.
The FDP sets out a phased development concept for Nam Du/U Minh, which is based on unmanned wellhead platforms at each of the Nam Du and U Minh fields tied back to an floating production, storage and offloading (FPSO) facility.
Processed gas can be exported onshore through a 34-kilometer pipeline tied into an existing trunkline to the Ca Mau industrial complex in Ca Mau province, southwest Vietnam.
Jadestone Energy aims to conduct drilling activities in June 2026, the firm said in 2024.
Nam Du-U Minh gas field, offshore Vietnam east of the Malay-Tho Chu basin, covering 4,677 square kilometers with a depth of 50 meters, features Nam Du gas field in Block 46/07 and U Minh gas field in Block 51.
- Read More
How retail giant Aeon Mall rapidly expands presence in Vietnam
Japanese retailer Aeon Mall has employed a consistent strategy to expand its footprint across Vietnam: partnering with domestic companies that possess land funds earmarked for commercial real estate development.
Real Estate - Mon, June 16, 2025 | 12:10 pm GMT+7
Two Vietnamese stocks face bourse delisting for information disclosure violations
Nam Song Hau Trading and Investing Petroleum JSC (PSH) and Koji Asset Investment JSC (KPF) are facing mandatory delisting from the Ho Chi Minh Stock Exchange (HoSE) due to serious breaches of information disclosure regulations.
Finance - Mon, June 16, 2025 | 9:20 am GMT+7
MBBank offers free app for business households' sales management, electronic invoice issuance
MBBank (MB) is offering its mSeller application for free – a solution to support sales management and issuance of electronic invoices exclusively for business households, small traders, and micro-sized enterprises.
Companies - Mon, June 16, 2025 | 9:05 am GMT+7
How to invest in a volatile Vietnamese stock market
After a strong recovery from the market bottom of 2025 on April 9, the VN-Index has entered a correction phase, with six out of eight sessions showing declines between June 4 and Friday, June 13.
Finance - Mon, June 16, 2025 | 8:00 am GMT+7
Third round of Vietnam-US reciprocal trade pact talks sees 'significant progress'
The third technical round of negotiations for a reciprocal trade agreement between Vietnam and the U.S. has concluded in Washington, D.C., with "significant progress made and gaps narrowed in all areas of negotiation," according to Vietnam’s Ministry of Industry and Trade.
Economy - Sun, June 15, 2025 | 9:57 pm GMT+7
HCMC seeks to expand infrastructure cooperation with Guangdong-Hong Kong-Macao Greater Bay Area
Ho Chi Minh City is aiming to expand cooperation with the Guangdong-Hong Kong-Macao Greater Bay Area (China) in infrastructure, one of the city’s key sectors following its merger with Binh Duong and Ba Ria-Vung Tau provinces.
Economy - Sun, June 15, 2025 | 8:00 pm GMT+7
Digital assets legalized in Vietnam
Vietnam has officially legalized digital assets with the approval of the Law on Digital Technology Industry by the National Assembly, the country's legislature, on Saturday.
Finance - Sun, June 15, 2025 | 3:07 pm GMT+7
$2.5 bln LNG power plant in northern Vietnam set for groundbreaking in late 2025
A $2.56 billion LNG-fueled power project in the northern Vietnam province of Thai Binh is slated to break ground later this year, according a project report dated June 2025.
Energy - Sun, June 15, 2025 | 10:06 am GMT+7
Vietnam’s tech unicorn VNG expects 2025 loss to narrow by 47%, plans name change
VNG Corporation, Vietnam’s first tech unicorn, projects a net loss of VND620 billion ($2.38 million) in 2025, down 47% from last year.
Companies - Sun, June 15, 2025 | 8:00 am GMT+7
Prime Minister suggests AstraZeneca build pharma factory in Vietnam
Vietnam is willing to license AstraZeneca immediately to build vaccine and pharmaceutical factories, said Prime Minister Pham Minh Chinh.
Industries - Sat, June 14, 2025 | 10:59 pm GMT+7
Sugary drinks subject to excise tax in Vietnam from 2027
Sugary drinks in Vietnam will be subject to an 8% excise tax starting in early 2027 and 10% from 2028, according to the adjusted Excise Tax Law, passed by the parliament on Saturday.
Economy - Sat, June 14, 2025 | 4:56 pm GMT+7
Ericsson should focus on 6G research, build database for AI in Vietnam: Prime Minister
Prime Minister Pham Minh Chinh has suggested Ericsson's cooperation with Vietnam should focus on piloting innovation initiatives, 6G research, and building a database for AI in the country.
Economy - Sat, June 14, 2025 | 3:59 pm GMT+7
Swedish giants H&M, Syre to scale up operations in Vietnam
H&M, a globally renowned fashion brand from Sweden, plans to expand its network of stores in Vietnam to over 20 in the time to come, said CFO Adam Karlsson.
Industries - Sat, June 14, 2025 | 2:16 pm GMT+7
Leading industrial park developer Becamex to gain from Binh Duong province’s merger into HCMC: broker
Becamex IDC Corp, a leading urban and industrial park developer based in Binh Duong, is expected to benefit from the province’s merger into Ho Chi Minh City, with many new development opportunities, according to Vietcombank Securities (VCBS).
Companies - Sat, June 14, 2025 | 8:00 am GMT+7
Vietnam Airlines secures $1.5 bln funding from ING Bank for strategic expansion
Vietnam Airlines and ING Bank have signed an MoU for bilateral financial cooperation, securing capital funding of up to $1.5 billion.
Companies - Fri, June 13, 2025 | 10:56 pm GMT+7
Lawmakers scrutinize dual-city international financial center plan
Discussing a draft resolution on establishing an international financial center in Vietnam, some parliament members have proposed careful consideration of a dual-city model based on regional development strategies and investment efficiency.
Finance - Fri, June 13, 2025 | 10:49 pm GMT+7