Vietnam’s LNG power generation plan faces serious delays, with only 1 out of 18 projects expected to be completed on time

智通财经2026/10/06 04:06

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(1) Vietnam is vigorously promoting the use of LNG to meet the surging electricity demand, but related projects are seriously behind schedule, with only 1 out of 18 LNG power generation projects expected to be completed on time. (2) Vietnam’s Minister of Industry and Trade, Le Minh Hoan, stated at a government meeting last week that the total installed capacity of these proposed projects exceeds 20 gigawatts, but only the Xi Fu LNG project is proceeding as planned. Deputy Minister of Industry and Trade, Truong Quang Hoai, said at the same meeting that investors have been selected for 16 of the 18 projects, but only two projects have started construction. (3) Project delays threaten Vietnam’s plan to increase the proportion of LNG in its energy mix to 12% by 2030. The Ministry of Industry and Trade warned last month that, due to these delays, Vietnam may face a risk of power shortages next year.

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(1) Vietnam is vigorously promoting the use of liquefied natural gas (LNG) to meet its surging power demand, but related plans are seriously behind schedule—among 18 LNG power projects, only one is expected to be completed on time. (2) Vietnamese Minister of Industry and Trade Le Minh Hoan stated at a government meeting last week that the planned development projects have a total installed capacity of over 20 gigawatts, but only the Hiep Phuoc LNG project is proceeding as planned. Deputy Minister of Industry and Trade Tran Thanh Hai said at the same meeting that investors have already been selected for 16 of the 18 projects, but only two projects have started construction. (3) Project delays threaten Vietnam's plan to raise LNG’s share in its power structure to 12% by 2030. The Ministry of Industry and Trade warned last month that due to these delays, Vietnam may face the risk of power shortages next year.

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Vietnam’s LNG power generation plan faces serious delays, with only 1 out of 18 projects expected to be completed on time

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