VOV.VN - PetroVietnam Gas Joint Stock Corporation (PV Gas) and AES Group of the United States signed an agreement on October 28 to mark the start of a joint venture contract regarding the Son My liquefied natural gas (LNG) port warehouse project.

VOV.VN - Firms from the United States are eyeing potential investment opportunities in the nation’s gas power sector, with plans to pour billions of US$ into the ASEAN region, of which the Mekong Delta region will play a key role.

The construction of a series of seaports in the south-central region is expected to drive its maritime economic development, according to local government leaders.

Vietnam is striving for a commercial electricity output of 337.5 billion kWh by 2025 and 478.1 billion kWh by 2030, down 15 billion kWh and nearly 230 billion kWh compared with those in the adjusted Power Planning VII.

Vietnam has become one of the world’s fastest growing economies since the country first opened up to foreign trade and investment more than three decades ago, with GDP last year being 12.5 times higher than in 2001.

Public investment in August and the first eight months of this year increased 45.4% and 30.4% year-on-year, respectively, according to the General Statistics Office (GSO).

Vietnam attracted US$19.54 billion worth of FDI as of August 20, down 13.7% year-on-year, according to the Ministry of Planning and Investment.

Vietnam attracted US$3.15 billion in foreign direct investment (FDI) and capital for share purchases in July, representing a rise of 79.8% against the same period last year and 76.2% against June, reported the Foreign Investment Agency (FIA).