GE Vernova to Invest $200 Million in Vietnam as LNG, Grid Buildout Accelerates
GE Vernova Inc. said Tuesday it’s committing around $200 million to build a new large power transformer facility in Vietnam, while its gas-turbine tech will be used in three upcoming LNG projects in the country. The plant, set for Hai Phong, is expected to focus on equipment for high-voltage direct current systems—those are key for transmitting big loads of electricity across long distances.
