It's simple economics.

"Vingroup has told Vietnam's government it wants to ditch ​a plan to build the country's largest LNG-fired power plant and embark on a renewable energy project instead, as ‌the Iran war has boosted the risk of the fuel becoming too expensive, a document showed."

Happening in realtime...

"Vingroup has told Vietnam's government it wants to ditch ​a plan to build the country's largest LNG-fired power plant and embark on a renewable energy project instead, as ‌the Iran war has boosted the risk of the fuel becoming too expensive"

www.reuters.com/sustainabili...

Vingroup and Siemens sign a deal for 10 bullet trains worth up to 1 billion euros for planned high-speed lines in Hanoi and Ho Chi Minh City.

trib.al/Jh2aDDm

meanwhile, in Vietnam:

asia.nikkei.com/business/aut...

Exclusive: Vingroup proposes scrapping LNG-powered plant plan for renewables amid Iran war, document shows reut.rs/4dfQqW7

Vietnam is recognizing that renewable energy is our energy future - Exclusive: Vingroup proposes scrapping LNG-powered plant plan for renewables amid Iran war, document shows  www.reuters.com/sustainabili...

Vietnam's Vingroup inks $1bn bullet train deal with Siemens

VinSpeed due to finish nation's 1st high-speed lines before north-south rail project
trib.al/PTP8UZ6

"Vingroup JSC has asked the Vietnamese government to replace a large LNG power project with renewable energy due to surging fuel prices linked to the Middle East conflict."

hmm

www.bloomberg.com/news/article...

Vietnam's Vingroup broadens empire with rail, energy expansion
trib.al/Ozo2a6M

.
Vietnam’s Vingroup to swap LNG-fired plant for renewable energy project

Find out more: www.intellinews.com/vietnam...

#ClimateAction

Vingroup and Siemens sign a deal for 10 bullet trains worth up to 1 billion euros for planned high-speed lines in Hanoi and Ho Chi Minh City.

trib.al/YLaWoEq

Vingroup withdraws cross-country proposal to focus on regional high speed projects https://bit.ly/3LY8BUQ

Vietnam ⬇️
"Vingroup has told Vietnam's government it wants to ditch ​a plan to build the country's largest LNG-fired power plant and embark on a renewable energy project instead, as ‌the Iran war has boosted the risk of the fuel becoming too expensive"

www.reuters.com/sustainabili...

VinFast secured another gigantic batch of funding ($3.5 billion from parent group Vingroup and its headman) to ensure further operations.

The amount of cash flowing into this startup and evaporating is mind-boggling.

Vietnam's Vingroup inks $1bn bullet train deal with Siemens

VinSpeed due to finish nation's 1st high-speed lines before north-south rail project
trib.al/cJpOlMO

Vietnam's Vingroup plans $14 bln seaport, logistics centre in Haiphong reut.rs/45gOI0P

Istället för petropopulism, här är rätt svar på stigande oljepriser 👉 Vietnams största företag skrotar planerna på att bygga landets största gaskraftverk, satsar istället på förnybar energi, eftersom Irankriget ökat risken för att bränslet blir för dyrt

www.reuters.com/sustainabili...

Vingroup Shielding Filipino Motorists from Historic Fuel Price Hikes with Campaign
cleantechnica.com/2026/03/14/v...

Proposed LNG power plant in Vietnam gets scrapped, as a result of the war on Iran. Will be replaced with a a renewable energy and battery storage project

I guess policymakers & pundits touting LNG in Canada aren't reading international news....

www.reuters.com/sustainabili...

Vietnam's Vingroup forges ahead with 'world's largest stadium' despite demand doubts reut.rs/4fWEH07

"This month, Pham, now chairman of Vietnamese conglomerate Vingroup, pulled the plug on a massive $7 billion LNG power project in Haiphong — even as construction was commencing and turbines were on order.

Presumably, Pham (or one of his 200,000 employees) did the math."

😀

​VINGROUP GÓP VỐN LẬP VIN OIL&GAS GLOBAL, VỐN ĐIỀU LỆ 1.000 TỶ ĐỒNG #Vingroup/hashtag/Vingroup" class="hover:underline text-blue-600 dark:text-sky-400 no-card-link">#Vingroup #VICref="/hashtag/VIC" class="hover:underline text-blue-600 dark:text-sky-400 no-card-link">#VIC #VinOilG asGlobal #VOGref="/hashtag/VOG" class="hover:underline text-blue-600 dark:text-sky-400 no-card-link">#VOG #DauKhi="/hashtag/DauKhi" class="hover:underline text-blue-600 dark:text-sky-400 no-card-link">#DauKhi #XangDau"/hashtag/XangDau" class="hover:underline text-blue-600 dark:text-sky-400 no-card-link">#XangDau #NangLuong #VinEnergo #Energy #CongNgheDauKhi

VINGROUP GÓP VỐN LẬP VIN OIL&GAS GLOBAL, VỐN ĐIỀU LỆ 1.000 TỶ ĐỒNG #Vingroup #VIC #VinOilGasGlobal #VOG #DauKhi #XangDau…

​VINGROUP GÓP VỐN LẬP VIN OIL&GAS GLOBAL, VỐN ĐIỀU LỆ 1.000 TỶ ĐỒNG #Vingroup/hashtag/Vingroup" class="hover:underline text-blue-600 dark:text-sky-400 no-card-link">#Vingroup #VICref="/hashtag/VIC" class="hover:underline text-blue-600 dark:text-sky-400 no-card-link">#VIC #VinOilG asGlobal #VOGref="/hashtag/VOG" class="hover:underline text-blue-600 dark:text-sky-400 no-card-link">#VOG #DauKhi="/hashtag/DauKhi" class="hover:underline text-blue-600 dark:text-sky-400 no-card-link">#DauKhi #XangDau"/hashtag/XangDau" class="hover:underline text-blue-600 dark:text-sky-400 no-card-link">#XangDau #NangLuong #VinEnergo #Energy #CongNgheDauKhi

VINGROUP GÓP VỐN LẬP VIN OIL&GAS GLOBAL, VỐN ĐIỀU LỆ 1.000 TỶ ĐỒNG #Vingroup #VIC #VinOilGasGlobal #VOG #DauKhi #XangDau…

"Countries are already starting to get to grips with this reality. [...]
China’s state-owned oil and gas company Sinopec has already cancelled a planned expansion of an LNG import terminal. Vietnam’s Vingroup has cancelled 4.8GW of LNG-fuelled power generation."

Sabíamos lo de China y Tailandia...

Pero en Vietnam, el fabricante local de coches eléctricos VinFast ha consegudo alzarse con el 1er puesto por marcas en octubre!💥

No tenemos ni idea de la velocidad a la que va todo en todas partes🤯

Se están financiando y expandiendo a India

vingroup.net/en