PV GAS CEO Duong Tri Hoi received a working delegation from the US Department of Commerce, led by Ms. Kelly Coldiron, to discuss gas and energy trade relations. The two sides discussed importing LPG from the United States as well as LNG cooperation and investment in LNG infrastructure and floating storage and regasification units (FSRUs). In 2025, PV GAS imported about 1 million tonnes of refrigerated LPG, of which more than 528,000 tonnes, or 52.8%, came from the United States. PV GAS hopes to expand connections with US businesses and has had preliminary discussions about the possibility of supplying LNG, provided commercial terms are competitive and economically efficient.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: "Ông lớn" dầu khí Việt Nam làm việc với Bộ Thương mại Hoa Kỳ
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
PVD
▲ Likely positivePetroVietNam
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 16,699 bn VND |
| P/E | 15.0 |
| P/B | 0.96 |
| Close on 10/20/2026 | 18.00 |
| Change that session | +1.69% |
PLX
▲ Likely positivePetrolimex
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 44,661 bn VND |
| P/E | 13.9 |
| P/B | 1.84 |
| Close on 10/20/2026 | 35.10 |
| Change that session | -0.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Deputy PM Calls for Removing Obstacles to 1,500 MW LNG Power Project in Thanh Hoa
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.
- EVN breaks ground on LNG power plant worth over VND 40,000 billion
EVN and Power Project Management Board No. 2 have broken ground on the Quang Trach II LNG power plant in Quang Tri, with two units of nearly 1,613 MW and total investment above VND 40,100 billion, funded 20% by equity and 80% by commercial loans. Unit 1 is expected to start commercial operation in February 2030 and unit 2 two months later, adding about 9.5 billion kWh a year to the national grid. Deputy General Director Nguyen Tai Anh said contractor selection for the EPC package is complete, with a joint venture of China Power Construction Group and Vietnam Machinery Installation Corporation. Quang Tri provincial chairman Bui Hoang Phuong expects the project to spur infrastructure, supporting industries, jobs and budget revenue. The Quang Trach Power Center will total about 4,500 MW, and under the revised Power Development Plan VIII, LNG capacity is projected to reach about 22,524 MW by 2030.
- After a Project Generating Over 25 Billion USD, Malaysia's Petronas Offers 'Liquid Gold' Supply and Technology Transfer to Vietnam
On October 16, Prime Minister Lê Minh Hưng met Tengku Muhammad Taufik, Chairman and CEO of Petronas, during a Petronas delegation visit to Vietnam. Petronas proposed working with Petrovietnam and domestic firms to develop LNG infrastructure, supply LNG under long-term contracts, and cooperate on offshore wind, hydrogen, carbon capture and storage, technology transfer, and the Vietnam-Malaysia-Singapore power grid link. The government supports Petronas expanding investment and signing new petroleum contracts for open blocks on Vietnam's continental shelf, and welcomed the Strategic Alliance Agreement (SAA) between Petronas and Petrovietnam. The Prime Minister cited Block PM3-CAA, first signed on February 16, 1989, which has produced a cumulative 250 million barrels of oil and 43 billion m³ of gas, with total revenue of over 25 billion USD. He asked both sides to quickly put a joint coordination mechanism into operation.
- Malaysia's Petronas proposes long-term LNG supply to Vietnam
At a meeting with Prime Minister Lê Minh Hưng on October 16, Petronas proposed long-term LNG supply contracts and joint development of LNG infrastructure with PVN and domestic companies, and expressed interest in offshore wind, hydrogen, carbon capture and storage, and technology transfer. Petronas also wants to advance the Vietnam–Malaysia–Singapore power grid interconnection project. The Vietnamese government said it supports Petronas expanding investment and signing new petroleum contracts in open blocks on the continental shelf, and that procedures are being cut for energy projects. The two companies have cooperated for more than 30 years, and the PM3-CAA block has produced a cumulative 250 million barrels of oil, 43 billion m3 of gas and over $25 billion in revenue.
- Budget agency yet to discuss funding for CPC Alaska LNG investment
- U.S. Oil Drillers Back Off Even As Prices Soar
Baker Hughes data showed the total U.S. oil and gas rig count unchanged at 603 this week, up 55 from a year earlier, with oil rigs down 3 to 459 and gas rigs up 1 to 133. EIA data showed weekly U.S. crude output fell to 13.679 million barrels per day in the week ending October 9, from 13.979 million the prior week, though it was only 43,000 barrels per day above a year earlier. Primary Vision's frac spread count rose to 203 crews, its fifth straight weekly gain, while Permian rigs fell by 2 to 272. On Friday, Brent traded at $105.60 and WTI at $97.56 per barrel, both higher than a week earlier.
Related markets
Latest news
- Musk's wants to merge SpaceX and Tesla: Here's what to know
Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.
- CoreWeave and Nebius Stocks Are Crashing. Time to Buy the Dip?
Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.
- Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
ABC station owners are irritated that Disney is airing the Super Bowl across several platforms, including Disney+, ESPN2, NFL Network and ESPNU, even though the game is already on ABC and ESPN. A station group CEO estimates that the combined platforms could cut broadcast ad revenue by up to 35% compared with last year. Local affiliates typically earn about 3% of annual ad revenue from the Super Bowl and pay network owners reverse retransmission fees, but Disney+ lacks geofenced ad insertion, so affiliates cannot sell ads to streaming viewers. Disney says national commercials will be identical on all platforms and that streaming major live events is standard industry practice. Super Bowl LX drew 125.6 million viewers in February.
- Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
Meta says Mark Zuckerberg will remain in California for eight years and has created a new stock plan that could help cover his taxes if Proposition 40, a 5% tax on Californians worth over $1 billion, passes on Election Day on Nov. 3. According to a filing released with its third-quarter earnings, Meta will issue non-voting Class C shares starting in January, and Zuckerberg can sell or transfer up to 20% of the shares granted to him without affecting his majority voting control. The filing says Zuckerberg’s leadership is crucial to the company’s growth and its AI ambitions, including Meta Superintelligence Labs. Most of the tech industry opposes the measure, while a recent Citrin-Politico poll found 46% in favor and 43% against, suggesting it may fall short of the majority support it needs.
- Nasdaq sell-off: A momentum unwind 'for the record books'
Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.
- Dune launches real-time data feeds covering 200 onchain trading venues
Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.