Investors unfazed by Vietnamese challenges
Foreign companies are enthusiastic about Vietnam’s LNG prospects, but risks persist
Foreign investment in Vietnamese power projects has proven difficult in the past. But the government—facing a looming shortfall in generation capacity and growing global opposition to coal—has introduced legal and regulatory reforms in an effort to improve matters. The previous, and much-stalled, generation of power projects—many of which were incorporated into the country’s Power Development Plan 7 (PDP7)—were coal-fired and developed under a build-operate-transfer (BOT) model. Vietnam brought a new public-private partnership (PPP) law into force on 1 January, with the intent of boosting private-sector investment, while the PDP8 is waiting on prime ministerial approval. Of the extensive pip

Also in this section
22 May 2025
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
22 May 2025
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections
21 May 2025
From the upstream sector to the end-users, gas is no longer seen as a transition fuel or an afterthought, executives told attendees at the World Gas Conference
21 May 2025
Integrated refining and petrochemicals company highlights strategic flexibility amid trade war risks and long-term planning to futureproof business, says CEO Prabh Das