Vietnam and the US Sign Major Deals in Food, Energy, and Fuel Sectors
The Vietnam Trade Alliance, a group of buyers and producers from the country, recently signed a pact to buy up to USD 500 million worth of American pork over three years from Smithfield Foods and other US pork producers. Specifically, under this ‘US-Vietnam Pork...
US Energy Companies Sign LNG-to-Power Projects in Vietnam
Virginia-based AES Corp and PetroVietnam Gas have signed a joint venture agreement to develop a USD 2.8 billion liquefied natural gas (LNG) import terminal and a power plant. Much of the LNG will be imported from the US. The terminal will have a capacity of 3 million...
Major Solar Power Projects Kickstarting in Phu Yen and Ninh Thuan Provinces
The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) recently signed a USD 186 million loan to develop and operate a 257 MW solar power plant in Phu Yen Province. It is the largest single operating solar power plant in Vietnam and one of...