Vietnamese consortium selected to build offshore substations for wind power project in Taiwan
Hai Long Offshore Wind Power has signed a preferred supplier agreement with a Vietnamese consortium led by Semco Maritime A/S of Denmark and PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C) of Vietnam to construct two offshore substations off the coast of Chinese Taiwan.
Yard facilities of PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C) in Vung Tau. (Photo courtesy of PTSC M&C)
Hanoi (VNA) – Hai Long Offshore Wind Power has signed a preferred supplier agreement with a Vietnamese consortium led by Semco Maritime A/S of Denmark and PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C) of Vietnam to construct two offshore substations off the coast of Chinese Taiwan.
The consortium will deliver design, engineering, procurement, construction and commissioning for the two substations with a total weight of 18,000 tonnes. Of which, PTSC M&C will take charge of designing the foundation and building for all components of the project.
The substations' jackets will be manufactured at PTSC M&C’s facilities in Vung Tau in the 2022-2024 period. It is expected that the project will be put into operation in 2025 - 2026 and provide more than 1 GW of clean energy.
A leader of PTSC M&C said that the project is the first contractor project of this company in the field of renewable energy services, adding that it will be an important foundation for the company to anticipate the trend of energy restructuring from fossil fuels to clean energy that is taking place widely in Vietnam as well as other countries around the world.
ཧ PTSC M&C is an enterprise specialising in building oil platforms in Vietnam./.
The Vietnam Oil and Gas Group (PetroVietnam) reported that its pre-tax profit in the first eight months of the year surpassed the set plan by 177 percent and tripled the figure for the same period last year, reaching 30.2 trillion VND (1.32 billion USD).
The PetroVietnam Drilling and Well Services Corporation (PVD) will supply drilling service using the PV Drilling VI jackup rig to the Thang Long Joint Operating Company (JOC).
Despite impacts of COVID-19, the Vietnam Oil and Gas Group (Petrovietnam) fundamentally fulfilled its set targets in the first eight months of this year.
The PetroVietnam Gas Joint Stock Corporation (PV GAS) and US-based AES Corporation signed a joint venture agreement on the establishment and operation of Son My LNG port warehouse limited company in New York on September 22 (local time).
The Vietnam Oil and Gas Group (PetroVietnam) has surpassed important business and financial targets set for the first nine months of 2021, with its contribution to the State budget fulfiling the yearly plan.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.