Vietnam, US sign multiple energy deals worth over 4 billion USD
Pham Huan, VOV correspondent in the US -
(VOVWORLD) -Nguyen Hong Dien, Special Envoy of the Prime Minister and Minister of Industry and Trade, witnessed the signing and announcement of cooperation agreements, procurement contracts worth more than 4 billion USD between Vietnamese and US enterprises in Washington DC on Friday.
 Signing of a memorandum of understanding on long-term LNG supply between PVGas and Conoco Phillips. Photo: Pham Huan/VOV-Washington
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The signing took place during Mr. Dien’s working visit to the US, where he had working sessions with the Office of the United States Trade Representative (USTR), the Department of Energy (DOE), and other relevant agencies. David Gainer, Director of the Office, US Department of State and Ken Vincent, Director of Asian Affairs, US Department of Energy, were among the attendees.
At the signing ceremony, Minister Dien said the economic-trade-investment pillar plays a key role in boosting the overall bilateral relationship. The US has become Vietnam’s second-largest trading partner and one of its most important export markets, while also emerging as a key supplier of machinery, equipment, technology, and energy to Vietnam, he added.
 Signing of a memorandum of understanding on establishing a cooperation framework to facilitate biofuel transactions and imports between Petrolimex and Marquis Energy. Photo: Pham Huan/VOV-Washington
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The US remains one of Vietnam’s leading investors, with most major US corporations already present and conducting effective business operations in Vietnam. An increasing number of Vietnamese enterprises are investing in the US market. As of early this year, more than 100 Vietnamese enterprises have registered to participate in the Select USA 2025 event to explore investment and business opportunities in the US.
Vietnam hopes that the United States will continue to facilitate and support businesses of the two countries to expand cooperation and effective business investment, especially in science, technology, and innovation projects, said the Vietnamese minister. He witnessed the signing of multiple cooperation agreements worth a total of 4.15 billion USD.
(i) PetroVietnam Gas Corporation (PVGas) signs Memorandums of Understanding with Conoco Phillips.
(ii) PetroVietnam Gas Corporation (PVGas) signs a Memorandum of Understanding with Excelerate Energy, Inc. on long-term LNG trade agreements.
(iii) Binh Son Refining and Petrochemical Joint Stock Company (BSR) signs a consulting contract with Kellogg Brown & Root Corporation (KBR) for a pre-feasibility study on sustainable aviation fuel.
(iv) PetroVietnam Power Corporation (PVPower) and GE Vernova sign a Memorandum of Understanding on the procurement of GE equipment and services for gas-fired power plants developed by PVPower.
(v) Petrolimex signs a Memorandum of Understanding with three leading US Ethanol suppliers – US Grains Council (USGC), Renewable Fuels Association (RFA), and Growth Energy (GROWTH) – on ethanol supply to establish a cooperation agreement and expand bilateral trade between PETROLIMEX and the US ethanol industry.
(vi) Petrolimex signs a Memorandum of Understanding with Marquis Energy to facilitate biofuel trading and import.
Pham Huan, VOV correspondent in the US