Skip to main content
  • Our products Our products Our products
  • Sustainability Sustainability Sustainability
  • Careers Careers Careers
  • Meet AES Meet AES Meet AES
  • Contact Us Contact Us Contact Us
  • My AES
    Choose your location
    EN
    Choose location

    AES Global

    AES Local

    Andes Argentina Brasil Bulgaria Chile Colombia Dominicana El Salvador India Indiana México Ohio Panama Puerto Rico Vietnam
    Search
    Search AES

    Our history

    people - 2 workers looking at laptop in front of windmills at sunset Our history

    A history of accelerating the future of energy, together

    From its founding and to today, AES Vietnam has led lasting positive change in the energy sector based on its stakeholders’ most critical needs.

    A journey to a Sustainable Energy Future in Vietnam

    teams logo

    2008

    • The Vietnamese government granted an investment license to AES-VCM Mong Duong Power Company — a joint venture of U.S. company AES, Korea's POSCO, and China Investment Corporation — to build the 1,240-MW Mong Duong 2 BOT Power Plant. 
    construction started at aes mong duong

    2011

    • Construction started after successful financing arranged for the Mong Duong 2 Power Plant, with the total investment of approximately $2.1 billion 
    COD AES Mong Duong

    2015

    • COD of Mong Duong 2 Power Plant 

    2017

    • AES signed an MOU with PV Gas to develop the $1.4 billion Son My LNG Terminal Project 

    2019

    • Completion of refinancing project for Mong Duong 2 Power Plant, which led to the first international project bond issuance for Vietnam. 
    • AES signed an MOU with the Ministry of Industry and Trade to develop a $1.8 billion 2.2GW CCGT Power Plant under the BOT scheme in Binh Thuan Province.
    business forum 2020

    2020

    • New company name “AES Mong Duong” introduced in April 2020
    • AES Vietnam and PV GAS Ink Term Sheet of the Joint Venture Agreement for Son My LNG Terminal in November 2020. Together, the CCGT and terminal are expected to play a major role in shaping Vietnam’s energy future by diversifying the energy mix with imported LNG and meeting the country’s increasing demand for sustainable and affordable electricity. 
    Back to top
    Products
  • Our offerings
  • Your Profile
  • Sustainability
  • Clean growth
  • Our people
  • Community partnerships
  • Sustainability resources
  • Careers
  • Meet our people
  • Search jobs
  • For the press
  • Media library
  • For partners
  • Suppliers
  • About us
  • Our history
  • Our leadership
  • Global x local
  • Contact Us
  • Ethics & compliance
  • Jump back to top