Deputy Prime Minister Pham Gia Tuc asked Thanh Hoa province, ministries and Cong Thanh LNG Power JSC to clear obstacles and consider early operation of the 1,500 MW Cong Thanh LNG power plant, expected to run in 2031-2035. The project began in 2011 as a 600 MW coal plant and stalled for nearly 11 years over financing; Thanh Hoa proposed switching to LNG in July 2022, and the change was added to Power Master Plan VIII in April 2025. Outstanding issues include an investment certificate that still needs to be changed from 600 MW to 1,500 MW and a port that lacks space for LNG facilities at safe distances, so the investor has proposed expanding the wharf. The Deputy PM asked the investor to complete procedures and prove financial capacity, use existing infrastructure under planning, and set clear milestones with defined responsibilities.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Phó thủ tướng yêu cầu gỡ vướng dự án điện khí LNG 1.500 MW tại Thanh Hóa
Read the original on VnExpress ↗
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GASnatural gaselectricityVietnam
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Related tickers and likely impact
GAS
▲ Likely positivePetroVietnam Gas
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Gas Distribution |
| Market cap | 185,797 bn VND |
| P/E | 14.6 |
| P/B | 2.70 |
| Close on 10/21/2026 | 77.00 |
| Change that session | +0.79% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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