Vietnamese VinGroup launches $6.7 billion investment in building a liquefied natural gas plant in Hai Phong City.

According to the email statement released by VinGroup, a Vietnamese company, and its subsidiary VinEnergo, held a groundbreaking ceremony for a liquefied natural gas plant in the northern Vietnamese city of Haiphong with a total investment of approximately 178 trillion Vietnamese Dong. This liquefied natural gas plant, with a capacity of 4800 megawatts, will be developed in two phases and is expected to be operational by the end of 2030. In addition, VinGroup has also started the construction of the Tan Trao Industrial Park in Haiphong, which covers an area of 227 hectares with an initial investment of over 4 trillion Vietnamese Dong.