Bangkok Post
Vietnam encourages Gulf energy investment
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A top Vietnamese leader has invited Gulf Development Plc, Thailand's largest energy company by market value and a major telecoms operator, to expand its energy businesses in Vietnam.
Key facts
- Gulf aims to increase the share of renewable energy in its portfolio to more than 40% by 2033, up from 17% currently.
- A top Vietnamese leader has invited Gulf Development Plc, Thailand's largest energy company by market value and a major telecoms operator, to expand its energy businesses in Vietnam.
- Vietnam President Tô Lâm was in Thailand meeting business leaders and encouraging them to expand high-quality investment in strategic sectors to support sustainable development in Vietnam.
- Gulf holds one of six LNG trading licences in Thailand, with approval to import up to 7.8 million tonnes annually
Summary
Vietnam President Tô Lâm was in Thailand meeting business leaders and encouraging them to expand high-quality investment in strategic sectors to support sustainable development in Vietnam.
He called on Gulf to advance projects in line with environmental and social responsibility standards, while ensuring commitments to technology transfer and workforce training, according to news agency VietnamPlus.