Vietnam's Ministry of Public Security Expands into Energy Sector with Cai Mep LNG Terminal Deal
NATURAL GASDATA AND AI INFRASTRUCTURE
Vietnam's Ministry of Public Security is seeking to acquire a 49% stake in the Cai Mep LNG terminal from US-based Nebula Energy, marking its entry into the energy sector amid bureaucratic challenges faced by the Ministry of Industry and Trade. This development aims to secure energy resources for the MPS's digital surveillance initiatives, raising concerns about potential cronyism and the implications for market fairness as the lines between national security and business interests blur. Recent legal amendments now permit armed forces personnel to invest in private enterprises, further consolidating the MPS's influence in the economy.

Dec 24, 2025, 6:06 AM