2026-04-22 07:21:41
Vingroup Abandons 4.8 GW LNG Plant, Pivots to Renewables and Battery Storage
Vingroup shifts from a 4.8 GW LNG plant to wind, solar, and storage in Haiphong, citing Middle East risks; seeks clearance to replace LNG with renewables, aligns with PDP VIII; Green SM IPO planned for 2028; VinFast targets profitability in 2027.
Abstract: Vietnam’s Vingroup abandons a planned 4.8 GW LNG project in Haiphong to pursue wind, solar, and battery storage, citing Middle East risk and PDP VIII alignment; a Green SM IPO is planned for 2028, while VinFast targets profitability in 2027 and 300,000 vehicle deliveries in 2026.