New York, 22 September 2021 – Representatives of The AES Corporation (NYSE: AES) and Petrovietnam Gas JSC (PV Gas) today exchanged the signed joint venture agreement for the Son My LNG terminal, which will be located in Binh Thuan Province in the South-Central Vietnam. The event took place in New York during the visit of Vietnam’s President Nguyen Xuan Phuc for the 76th UN General Assembly and was attended by President Phuc, Vietnam Ambassador to the US Ha Kim Ngoc, Minister of Industry and Trade Nguyen Hong Dien, Minister of Planning and Investment Nguyen Chi Dung, Chairman of the President's Office Le Khanh Hai, Minister of Construction Nguyen Thanh Nghi, Petro Vietnam Chairman Hoang Quoc Vuong, other Vietnamese officials and members of AES’ senior leadership.
AES and PV Gas sign Joint Venture Agreement for Son My LNG Terminal
AES and PV Gas exchanged the signed joint venture agreement for the Son My LNG terminal witnessed by President Nguyen Xuan Phuc and Vietnamese officials
The Son My LNG terminal has an installed capacity of 450 TBtu and represents a total investment of about $1.4 billion. The terminal is expected to achieve financial completion in 2022 and begin commercial operations in 2026.
“This is an important milestone for the development of the Son My LNG terminal and CCGT power plant. The terminal will enable our customers in Vietnam to continue accelerating economic growth by using cleaner, more reliable and more affordable fuel to transform the energy sector,” said David Stone, President of AES Vietnam.
The Son My LNG terminal complements AES’ investment in gas infrastructure around the country, alongside its $1.8 billion 2.2 GW combined cycle gas turbine (CCGT) Son My 2 power plant. Together, the plant and terminal will play a major role in shaping Vietnam’s energy future by diversifying its energy mix with imported LNG as well as meeting the country’s increasing demand for sustainable and affordable electricity.
The AES Corporation has extensive experience in developing LNG to power projects, including LNG terminals in the Dominican Republic in 2003 and in Panama in 2018. These projects provide cleaner, more cost-effective and sustainable energy solutions for the Caribbean and Central America.
Quang Ninh, 27 August 2021, AES Mong Duong, a subsidiary of AES Vietnam, has donated VND500 million to Vietnam’s national COVID-19 Vaccine Fund, with the aim of supporting and accelerating the purchase and administration of vaccines against the novel coronavirus in Vietnam. The hand-over ceremony was held at the Quang Ninh Fatherland Front office, with the attendance of representatives from Quang Ninh People’s Committee, Quang Ninh Fatherland Front and AES Mong Duong.
C.P. Vietnam operates with a sustainable strategy under the three pillars of "Food Security, Self-Sufficiency Society, Balance of Natural", and adheres to the 3-benefit philosophy "For the Country, for the People and for the Company". With the strategy and philosophy of sustainable operation, social and community support has always been highly appreciated by CPV in the process of its business activities. In order to support the community more often and effectively, the CPV’s Donation Fund has been established and operated for more than 10 years with outstanding results in the Vietnamese social community.
Binh Thuan Province, VIETNAM, 20 July 2021 - AES Vietnam, a division of The AES Corporation (NYSE: AES), today unveiled its new office in Phan Thiet City, Binh Thuan Province, Vietnam. The office will support activities related to the Company’s commitment to fostering economic growth and accelerating the future of energy in Vietnam with its partners in the country. AES is investing in infrastructure projects in the province, including the 2.2 GW Son My 2 combined cycle gas turbine (CCGT) power plant and Son My LNG terminal.
As part of its ongoing commitment to environmental protection and operational excellence, AES Mong Duong has launched a program named ‘Enhancement of plastic waste management through segregation, reduction, reuse and recycling’. The main goal of the program is to eliminate single-use plastic and replace those harmful materials with environmentally-friendly and biodegradable alternatives.
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Hochiminh City, 23rd July 2021 – With the desire to join hands in performing the Covid-19 prevention and control program to protect people health, Mondelez Kinh Do Vietnam has committed to donate 3 billion VND (130.000 USD) to the National Covid-19 Vaccine Fund, contributed through Vaccine Fund of three provinces including Ho Chi Minh City (1,3 billion VND), Binh Duong province (1 billion VND) and Hung Yen province (700 million VND). The donation will be used for vaccination for people in Vietnam.
Mondelez Kinh Do continues to bring new trends, tastes, and experiences to Vietnamese consumers that are consistently delicious, carefully made, and beautifully presented, enhancing family moments amidst COVID-19 Mondelez Kinh Do continues to make mooncakes with innovative and sustainable packaging
Thousands of meal sets and essential goods have been delivered to doctors and healthcare staff by C.P. Vietnam with the heartfelt wish to support the country's fight against the pandemic.
HCMC, July 26, 2021 - This is a stressful time across the country, especially in Ho Chi Minh City since the COVID-19 epidemic appeared in Viet Nam, with the spirit of mutual development, Phu Nhuan Jewelry Joint Stock Company (PNJ) has launched the "Vong Tay Viet" campaign, in which the "0 dong" mini supermarket is the first meaningful activity opened on June 26 at Hiep Binh Phuoc Culture and Sports Center (Thu Duc).
C.P. Vietnam's business activities always aim to support the community both materially and spiritually through projects throughout our business activities. One of the outstanding projects is "Red Journey - Voluntary Blood Donation" first held in 2009. Starting from organizing blood donation within the company including leaders and employees, then expanding the scale to organize and advocate for employees' families, customers, partners, youth, students and armed forces and related departments.
