Article

Vietnam's power sector requires substantial policy support to operationalize approximately 15 LNG power projects by 2030, as outlined in Power Development Plan VIII. The Nhơn Trạch LNG Power Plants 3 and 4 are set to be the first projects, with construction expected to finish by late 2025, though Vietnamese contractor Lilama faces challenges due to current bidding regulations and limited capital. Lilama has formed a consortium with a foreign partner to navigate these hurdles and emphasizes the need for training and advanced technology adaptation for future LNG initiatives.