IRHM, Your Global Window into Real Estate and Hospitality

October 1, 2026

Petrovietnam

Petrovietnam has signed major energy agreements with American firms during General Secretary and President To Lam's working visit to the United States. Deals inked with Chevron, ExxonMobil Asia Pacific and Murphy Oil aim to secure crude supplies, advance offshore developments and attract funding. The state-owned energy group outlined a US$29.2 billion investment plan for 2026 to 2030 to join the Fortune Global 500 list.
Vietnam has inaugurated its first LNG power plants, Nhon Trach 3 and 4, in Dong Nai Province. Built by Petrovietnam at a cost of USD1.4 billion, the 1,624 MW twin plants will generate over nine billion kWh annually to stabilise the national grid, particularly in the south. Prime Minister Pham Minh Chinh stated the project is crucial for national energy security, supporting the country's rapidly growing demand from high-tech sectors.

In Focus

Latest