Tag: Vietnam

SK Innovation has been selected to lead the USD 2.3bn Quynh Lap LNG Power Project in Nghe An, comprising a 1,500 MW CCGT plant, 250,000 m³ LNG terminal, and a dedicated port, targeting construction 2027–2030. This creates clear scope for stainless across LNG storage/handling, piping, and balance-of-plant systems.

Ha Tinh province has approved a ~66-hectare stainless steel plant project (~VND 9,800bn) delivering coils (grades 200/300/400) and a hot rolling line (~1.95 Mt/y), with a second phase adding billet production capacity of ~2.0 Mt/y.

Vietnam secures long-term LNG supply to support power generation and gas infrastructure growth.

Idemitsu Kosan has started commercial operations of a 120,000-tonne-per-year black pellet (biomass fuel) plant in Gia Lai, Vietnam – the country’s first large-scale BP facility. The carbon-neutral fuel will help Japanese power users transition from coal.

Japanese & Middle East Firms planning USD 6B investment in Vietnam for a major refinery and hydrogen engine parts plant.

Velesto secured a drilling contract in Vietnam using the NAGA 4 rig for over 40 wells starting 2026, expanding regional presence.

China’s Yuchai has signed a 15-year engine licensing deal worth $28M with Vietnam’s Kim Long Motor to produce commercial vehicle engines for the local market and ASEAN.

SK Earthon, in partnership with Murphy Oil Corporation and PetroVietnam, discovered significant crude oil reserves in Vietnam’s 15-2/17 block. The Hai Su Vang-1X exploration well revealed a promising resource base, bolstering SK Earthon’s international exploration and production portfolio.

Hoa Phat supplied 10,000 tons of steel pipes for Southeast Asia's largest exhibition center in Hanoi, demonstrating its infrastructure expertise.

Viet Phat starts building a USD 45M steel plant in Vietnam, targeting 350,000 MT annual production within 200 days.