Emerson and Globalinx Group hosting U.S. Commercial Services
on reverse energy trade mission to Houston, Texas USA
on reverse energy trade mission to Houston, Texas USA
U.S. - Vietnam LNG Workshop in HCMC with U.S. Ambassador - Daniel Kritenbrink with PVGas executives and Globalinx Group
In The News: Hanoi, August 26, 2024—Viet Nam’s economic growth is expected to pick up in 2024, driven by a rebound in manufactured exports and tourism, and recovering consumption and business investment, the World Bank said today in a new report. Viet Nam’s economy is forecast to grow 6.1 percent in 2024, and 6.5 percent in both 2025 and 2026, up from 5 percent last year, according to the Bank’s latest Taking Stock report. The report highlights the resilience of the Vietnamese economy despite rising global challenges. The report, “Reaching New Heights in Capital Markets,” notes that the economy is not yet back to its pre-pandemic growth path. Enhanced public investment would provide short-term stimulus while also addressing emerging infrastructure gaps – for example in energy, transport, and logistics – which are becoming a growing constraint on growth, the report said. Bank asset quality remains a concern given rising non-performing loans (NPLs) and should be closely monitored by the authorities. “During the first half of the year, Viet Nam’s economy benefitted from the rebound in export demand,” said World Bank East Asia and Pacific Practice Manager for Macroeconomics, Trade, and Investment Sebastian Eckardt. “To sustain growth momentum not only for the rest of the year but over the medium-term, the authorities should deepen structural reforms, step up public investment while carefully managing emerging financial risks.” A special chapter of the report finds that development of capital markets would provide a vital source of long-term funding for Viet Nam's economy and help the country achieve its goal of becoming a high-income nation by 2045. The report highlights key challenges, including underdevelopment of the institutional investor base and underutilization of the Viet Nam Social Security fund (VSS). The report recommends a stronger policy framework, in which VSS could be a force in driving capital market development. Policies that would allow markets to reclassify Viet Nam from Frontier Market status to Emerging Market status would help attract more foreign investors, as would reforms to enhance market transparency and investor protection. Effective coordination among financial regulators is crucial for achieving these goals. "Billions of dollars of global investment funds will flow into the capital markets if Viet Nam is upgraded to the Emerging Market status," said World Bank Senior Financial Sector Specialist Ketut Ariadi Kusuma. "At the same time, gradual diversification of VSS investment is key not only to improve its long-term investment returns, but also to fuel Viet Nam’s economic growth through investments in the corporate sector." Taking Stock is the World Bank’s bi-annual economic report on Viet Nam https://www.worldbank.org/en/news/press-release/2024/08/26/viet-nam-s-economy-is-forecast-to-grow-6-1-in-2024-wb |
Emerson and Globalinx Group hosted EVN (Electric Vietnam),
Trungnam Group and independent power generator during Gastech week in Houston, Texas USA Big Energy to acquire interest in Block 12W oil and gas venture August 2023 Big Energy JSC has signed share purchase agreements with Premier Oil Group Ltd., and Premier Oil Overseas BV, wholly owned subsidiary companies of Harbour Energy, to acquire operator rights and all shares of Premier Oil Vietnam Offshore B.V. (POVO) and Premier Oil (Vietnam) Ltd., (POVL). https://vir.com.vn/big-energy-to-acquire-interest-in-block-12w-oil-and-gas-venture-104293.html 
Globalinx participate in MoU signing ceremony between PVGAS and AGDC in Hanoi 2017
Viet Nam News Politburo’s conclusion opens new development spaces for oil, gas industry 27 August, 2024 Head of the Party Central Committee’s Economic Commission and Deputy Prime Minister Trần Lưu Quang highlighted the Party and State’s special attention to the oil and gas sector. HÀ NỘI — The Party Central Committee’s Economic Commission, the Ministry of Industry and Trade (MoIT), and the Việt Nam Oil and Gas Group (Petrovietnam) have held a joint conference to popularise and implement Conclusion No. 76-KL/TW on carrying out the Politburo’s Resolution No. 41-NQ/TW on the strategic orientations to develop Việt Nam’s oil and gas sector until 2025 with a vision to 2030 and a number of orientations for the new period. Opening the event, head of the Party Central Committee’s Economic Commission and Deputy Prime Minister Trần Lưu Quang highlighted the Party and State’s special attention to the oil and gas sector. He noted that on Saturday, the Politburo issued Conclusion No. 76-KL/TW on major policies to promote the potential and strengths of the country in general and the oil and gas sector in particular to ensure the industry overcomes all difficulties to develop sustainably. The conclusion gives guidelines of special importance to the development of the Vietnamese oil and gas industry, creating new momentum and opening up new development space for the sector. https://vietnamnews.vn/economy/1661907/politburo-s-conclusion-opens-new-development-spaces-for-oil-gas-industry.html9 September 2024 PTSC Signs Strategic Partnership Agreement with Excelerate Energy and Equipment Supply Contract with Enerflex in New York New York, USA, September 23, 2024, PetroVietnam Technical Services Corporation (PTSC) successfully celebrated the signing ceremony of Strategic Partnership Agreements and Equipment Supply Contract with Excelerate Energy and Enerflex Energy Systems. The ceremony was honored by the presence of Comrade Tô Lâm, General Secretary and President of the Socialist Republic of Vietnam; Comrade Nguyễn Hoà Bình, Politburo Member and Permanent Deputy Prime Minister; leaders from Central Committees, Ministries, and Agencies; the Chairman and senior leaders of PetroVietnam (PVN), member units, and high-ranking representatives from both partner companies. https://www.ptsc.com.vn/en-US/ptsc-signs-strategic-partnership-agreement-with-excelerate-energy-and-equipment-supply-contract-with-enerflex-in-new-york |