How significant is Vietnam-US oil and gas cooperation?
The increasing American investment in Vietnam’s energy sector is a win-win proposition for both countries.
The increasing American investment in Vietnam’s energy sector is a win-win proposition for both countries.
There are also strong involvement of Japanese, Korean and Thai companies, which have all expressed interest to develop the LNG power industry in Vietnam.
The two countries have a long history of cooperation in the energy sector.
Vietnam prioritizes private investment in energy sector but keeps the crucial role of state-owned enterprises.
The deputy PM said Vietnam needs to mobilize domestic financial sources and credits to develop 8,000 megawatts per year.