Investing in the Vietnamese LNG market shows a diversified investment portfolio and part of efforts to balance the two-way trade.  

State-run Vietnam Electricity (EVN) will be the investor of the projects which are expected to be kicked off in early 2021.

ExxonMobil Corporation from the US is eager to co-operate with Vietnamese state-run oil and gas group PetroVietnam to develop the gas-to-power complex located in the central provinces of Quang Nam and Quang Ngai.

With an annual growth rate of 7-8 percent per annum, the Vietnamese lubricant market has attracted foreign brands, especially as Vietnam has now signed many free trade agreements (FTAs). 

 The Viet Nam National Oil and Gas Group (Petrovietnam) and Murphy Oil Corporation signed a memorandum of understanding (MoU) on July 8 to boost cooperation in oil and gas projects.

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 VietNamNet Bridge – The Vietnam Oil and Gas Group (PetroVietnam) may reach a cooperation agreement with Exxon Mobil Corporation (USA) with a value of $10 billion next year, according to PetroVietnam CEO Do Van Hau.

 VietNamNet Bridge – The world’s largest oil and gas group Exxonmobil based in the US has moved ahead with its $20 billion gas power project in the provinces of Quang Ngai and Quang Nam, a sign of a new investment wave from the US.

The project of a $20 billion gas & electricity complex in Quang Ngai province to be developed by Exxon Mobil is believed to have high feasibility thanks to the good reputation of the investor and the readiness of the local authorities.

 VietNamNet Bridge – Exxon Mobil and Viet Nam National Oil and Gas Group will build a gas and power plant in central Viet Nam to supply gas and power along the East Sea.