PV GAS CNG and Far Eastern Polytex Sign natural gas sales contract
On March 20, 2025, CNG Viet Nam Joint Stock Company (PV GAS CNG) and Far Eastern Polytex Vietnam Co., Ltd. (FEPV) officially signed a natural gas (CNG/LNG) sales contract. This was a testament to their commitment to a green economy, greenhouse gas reduction, and sustainable development.
Strategic partnership for sustainable production
Far Eastern Polytex Vietnam, a member of the Far Eastern Group (ranked among Fortune's Global 500 companies), is the largest FDI enterprise in Binh Duong with total investment capital of $1.62 billion. Specializing in polyester, fabric, yarn, cotton, and textile production, FEPV supplies global brands such as Coca-Cola, Pepsi, P&G, Nike, Adidas, and Puma.
To reduce CO₂ emissions and promote transition toward green manufacturing, FEPV has decided to opt for natural gas (CNG/LNG) for production, aligning with the Far Eastern Group's global sustainability commitments.
Far Eastern Polytex complex
The agreement follows three years of research and close cooperation between FEPV and PV GAS CNG. "After evaluating natural gas suppliers in Vietnam, we chose PV GAS CNG—the market leader in this field. Their professionalism and dedication have earned our full confidence." – said Mr. Yeh Ming Yuh, CEO of FEPV.
PV GAS CNG – Vietnam’s leading clean energy provider
As a unit of Petrovietnam Gas Corporation (PV GAS), PV GAS CNG is a pioneer in compressed natural gas (CNG) and liquefied natural gas (LNG) distribution in Vietnam. With an extensive network of CNG/LNG stations and supply infrastructure, the company supports major manufacturers domestically with clean, efficient energy solutions.
Beyond business: all for green industry
This partnership goes beyond a commercial agreement—it represents a strategic step in promoting clean energy adoption and sustainable business practices.
PV GAS CNG is confident in supporting FEPV in its green transition by providing safe, efficient, and eco-friendly energy solutions. This collaboration not only benefits both companies but also contributes to Vietnam's industrial sustainability.