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Development strategy

“The developing strategy of CNG Vietnam Joint Stock company until 2015 and developing orientation for until 2025” approved by Company’s board of directors in accordance with Decision no. 401/Q QĐ – CNG dated on July 19th 2010 is as follow:

I.      General objective

  1. To stably construct and develop CNG Vietnam Company, to become the CNG leading supplier in Vietnam, to take the lead in CNG engineering industry, and to march in a van of CNG market penetration
  2. To build up and develop the trademark of CNG Vietnam becoming the most prestigious trademark in domestic and regional area

II.     Some major quota 
1.    Average speed of output growth by 19%, in which:
Period of 2010 – 2011 to increase 67% per year
Period of 2012 – 2015 to increase 16% per year
Period of 2016 – 2020 to increase 5,7% per year
Period of 2021 – 2025 to increase 6,0% per year
2.    CNG, LNG yield by business years

Unit: million M3
 

Year

 2010

 2015 

  2020

 2025

 Product of CNG

 30

 250

 360

  500

 
3.    Expansion investment of CNG Phu My Plant:
To invest and improve Plant’s capacity up to by 50 million m3 of gas per year
at the end of 2010
To carry on improving Plant’s capacity up to 100 million m3 of gas per year
at the end of 2012
 
4.    Construction investment of CNG Plant in Nhon Trach – Dong Nai
To complete investing projection in 2010
To accomplish Stage 1 of the investment – Capacity by 50 million m3 of gas per
year in 2012
To accomplish Stage 2 of the investment – Capacity by 70 million m3 of gas per
year in 2014
To attach special importance to research and application of CNG producing engineering during process of investment project formation – Stage 2
 
5.    Constructing investment of CNG/LNG Plant in Hiep Phuoc – Hochiminh city:
  • To complete investment project formation in 2011
  • To accomplish Stage 1 of the investment – Capacity by 15 million m3 of gas per year in 2013
  • To accomplish Stage 2 of the investment - Capacity by 15 million m3 of gas per year in 2015
  • To improve Plant’s capacity up to 50 million m3 of gas per year in 2018, 75 million m3 of gas per year in 2021 and 100 million m3 of gas per year in 2023
  • To do research on LNG products, to select technologies of production, transportation, re-gas and to make a LNG manufacturing plan in conformity with scale of production and outlet market
6.    Construction investment of CNG/LNG factories in Long An, Ca Mau, Can Tho, Thai Binh
7.    To invest CNG/LNG supply system for means of transport and in metropolitan areas
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