AES sells entire equity interest in Mong Duong 2 plant
This transaction is expected to close in late 2021 or early 2022, subject to customary approvals, including from the Vietnamese Government and the minority partners in the Mong Duong 2 plant.
This transaction is expected to close in late 2021 or early 2022, subject to customary approvals, including from the Vietnamese Government and the minority partners in the Mong Duong 2 plant.
The partnership is expected to develop a hub for LNG imported from the US.
The negative outlook on the rating mirrors the negative outlook on Vietnam's sovereign rating, given the government's commitment to MDP's power project.
Investing in the Vietnamese LNG market shows a diversified investment portfolio and part of efforts to balance the two-way trade.
The power plant and an LNG import terminal will play a major role in shaping Vietnam’s energy future by diversifying the energy mix with imported LNG.
The visits took place in a time the US is striving to boost its influence in the Indo-Pacific region where China is increasing its economic weight.