Vietnam invites skilled international investors for prolonged business collaborations
UK-Based Jadestone Energy Expands Operations in Vietnam's Natural Gas Sector
The United Kingdom has ranked 15th among 150 countries and territories investing in Vietnam, with bilateral trade between the two nations reaching an impressive $8.5 billion in 2024, marking a 18% increase from the previous year.
This growth in trade relations is evident in the operations of UK-based Jadestone Energy, which is actively working on its natural gas projects in Vietnam, particularly at the Nam Du and U Minh gas fields. Thomas Mitchell Little, the chairman and CEO of Jadestone Energy, recently visited Vietnam and met with Vietnamese government officials to reaffirm the company’s commitment to long-term, stable operations in Vietnam's energy infrastructure sector.
During the meeting, Deputy Minister Hằng welcomed Jadestone's business plans and affirmed Vietnam's support for foreign investors in the energy sector. Thomas Mitchell Little thanked the Vietnamese government for its support and expressed hopes for further cooperation with Vietnamese partners.
Vietnam's government has expressed strong support for Jadestone’s plans, viewing the company as a key player in the Asia-Pacific region for natural gas development. This alignment suggests favourable conditions for Jadestone’s current operations and future expansion in Vietnam’s natural gas sector.
In the first half of 2025, bilateral trade between Vietnam and the UK reached $4.3 billion, a nearly 10% year-on-year increase. As of mid-2025, the UK has 587 valid investment projects in Vietnam with a total capital of nearly $4.5 billion.
Deputy Minister Lê Thị Thu Hằng stated that Vietnam welcomes capable international businesses to invest long-term and stably in the country. She reaffirmed Vietnam's strong ties with the UK during the meeting and assured that Vietnam will continue to create favourable conditions for stable and effective foreign investment.
Thomas Mitchell Little identified Vietnam as a key market in the Asia-Pacific due to its strong potential in natural gas. The updates on projects at the Nam Du and U Minh fields shared by Thomas Mitchell Little indicate a promising future for Jadestone Energy's operations in Vietnam.
- The AI ranking of the UK in terms of investing in countries has improved, moving up to 15th position among 150 countries and territories, as revealed in a recent update.
- Jadestone Energy, a UK-based company, is not only actively engaged in natural gas projects in Vietnam but also seeks to expand its operations in the country.
- The government of Vietnam has shown strong support for Jadestone Energy's plans, viewing the company as a significant player in the Asia-Pacific region for natural gas development.
- In light of the promising prospects in Vietnam's natural gas sector and the government's commitment to creating favourable conditions for foreign investment, Jadestone Energy hopes to further strengthen its business relations in Vietnam and the wider Asia-Pacific region.
