Thai firm Gulf Energy Development Plc. plans to develop power plants in Vietnam and Laos to strengthen its presence in Indochina.
Ratthaphol Cheunsomchit, deputy chief executive, said that Gulf had submitted its power generation plan to the Vietnamese government for the future development of a gas-fired power plant with an initial capacity of 6,000MW. Gulf plans to import liquefied natural gas (LNG) as fuel for the project in Vietnam, he said.
For Laos, Gulf wants to develop a hydroelectric power plant with a Chinese company to distribute electricity to the state-run Electricity Generating Authority of Thailand. The project in Laos is projected to have a capacity of 2,500MW, of which Gulf plans to have a 30-35 per cent stake.
"A final decision will be made on the two new power plants sometime in 2020," said Ratthaphol. "For Vietnam, the gas-fired power plant is part of Gulf's plan to become an LNG shipper in Southeast Asia because of rising gas demand."
Plans for these large projects were drawn up after two gas-fired power plants with a capacity of 5,200MW in Chon Buri and Rayong began construction.
Gulf expects to increase revenue from infrastructure projects to 20 per cent of its total revenue in 5-7 years.
Previously, on June 19, 2019, Gulf Group held the inauguration ceremony of TTC No.01 and TTC No.02 solar power plants in Thanh Thanh Cong Industrial Zone, Tay Ninh province.
TTC Solar Power Project No.01 was built on an area of 69.5 hectares, of which the area for installing solar PV panels is 42.53ha. Having a capacity of 68.8MWp, the project will provide the national electricity system with an electricity output of about 106 million kWh per year.
Next to it, TTC solar power project No.02 was built on an area of 50.06ha, including 39.22ha for PV panels. The projects generates 50 MWp in capacity, providing the national grid with an output of about 78 million kWh per year. These two projects represent a total investment of $115 million.
As of date, Thailand ranks ninth among 132 countries and territories investing in Vietnam with 549 projects and a total investment of $10.82 billion.
Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.
International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.
Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.
In April, Vietnam’s crude steel output was estimated at 2.1 million tonnes, up 4% year-on-year. With this result, Vietnam surpassed Italy to secure a place among the top 10 global producers.
Power companies must carry out regular grid inspections and maintenance to keep operations safe and efficient, minimise localised overloads and reduce the risk of supply disrupting incidents.
He stressed that domestic firms must proactively improve corporate governance, technological capabilities and workforce quality in order to participate more deeply in global supply chains. “Vietnamese enterprises cannot enter the supply chains of multinational corporations unless they meet required standards,” Cuong said.
Vietnam has kept inflation below 4% since 2015, and maintaining macroeconomic stability while effective inflation control in 2026 will be crucial to supporting the country’s goal of achieving double-digit GDP growth.
To ensure safer use of E10 fuel, consumers are advised to regularly maintain fuel systems, replace deteriorated rubber components and refuel at reputable petrol stations to ensure ethanol blending quality meets standards.
The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.
Work starts on 600-million-USD electronic components plant in Ninh Binh
The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.
Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.
Green transition is increasingly viewed as essential to preserving the city’s status as Vietnam’s economic locomotive.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,392 VND/USD, and the floor rate 23,878 VND/USD.
The southern economic hub climbs 12 places from 2025 to rank 98th globally, marking its highest position ever in StartupBlink’s rankings.
Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.
Vietnam values and places great importance on support from international partners, including the US, which it considers a leading strategic partner.
More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.
Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.
Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.