AES Vietnam rewards 100 poor Binh Thuan households for Tet

By Van Pham    February 7, 2021 | 08:30 pm PT
AES Vietnam reps on Thursday presented gifts to poor households in Song Phan and Son My Communes, Ham Tan District, Binh Thuan Province to celebrate the upcoming Tet festival.

Each household received a gift set valued at VND500,000 ($21.86), which included basic commodities for Tet. The gift sets were presented to 52 poor households in Song Phan Commune, mostly inhabited by ethnic Rai, and 48 families in Son My Commune.

"After nearly 15 years of operating in Vietnam, we fully understand the importance and meaning of Tet in Vietnamese culture. With these gifts, we hope to offer a warmer and more meaningful festive period to the poor, so Tet can be celebrated in every household and no one is left behind," said David Stone, president of AES Vietnam.

The Tet gifts are part of AES’s social impact program, which aims to improve the quality of life for local communities, focusing on four main pillars – health, education, livelihoods and infrastructure.

Hoang Quoc Bao, Stakeholder Officer, AES Vietnam presented Tet gifts to the poor households in Song Phan commune.

Hoang Quoc Bao, Stakeholder Officer, AES Vietnam presented Tet gifts to the poor households in Song Phan commune.

In October 2020, AES Vietnam presented scholarships to 120 students in Son My Commune. The scholarships were provided in collaboration with the association for promoting education in the commune, aiming to motivate students to advance their studies and help cover a part of their tuition fees.

AES Corporation (NYSE: AES) is a Fortune 500 global power company, providing affordable, sustainable energy to 14 countries. In 2019, the company's revenues totaled $10 billion, with $34 billion in total assets.

AES, through its subsidiary, AES Mong Duong Power Company Limited, has developed and arranged financing for Mong Duong 2 Power Project of 1,242 MW with total investment of approximately $2.1 billion. This is Vietnam’s first build-operate-transfer coal-fired power project, representing approximately 2.3 percent of the country’s installed capacity.

In November 2017, AES signed an MOU with PV Gas to develop the $1.3 billion Son My LNG Terminal Project. AES also signed an MOU with the Ministry of Industry and Trade in 2019 to develop a 2.2 GW combined cycle gas turbine (CCGT) power plant under the BOT scheme, which will be located in Binh Thuan Province.

In October 2020, AES Vietnam and PV GAS inked a Term Sheet of the Joint Venture Agreement for Son My LNG terminal. 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.

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