US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
The Prime Minister affirmed a cooperation in liquefied gas is one of the top priority sectors between Vietnam and Japan and hoped that Tokyo Gas will expand its business in Vietnam.
On the meeting with Michiaki Hirose, President of Japan-based Tokyo Gas Co., Ltd (Tokyo Gas), the PM Nguyen Xuan Phuc expressed his delight at the corporation between Tokyo Gas and PetroVietnam Gas Joint Stock Corporation (PV Gas) in liquefied natural petroleum gas (LNG) sector in Vietnam.
Similar to other countries, the demand for LNG in Vietnam is very high, especially in cities and coastal areas because it is environmentally friendly. PM believed that with good partners and environment and high demand, Tokyo Gas will archive successes in Viet Nam.
The PM said that Viet Nam’s Government’s view is to develop a synchronized and efficient gas industry through the promotion of domestic resources and the strengthening of international cooperation.
Prime Minister suggested that during cooperation in LNG, especially the project of LNG terminal at Cai Mep - Thi Vai port, in case of any difficulties, Tokyo Gas should work with the Ministry of Industry and Trade for settlement. The Vietnamese government always protects the legitimate interests of foreign investors, including Japan.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.