Proactive Risk Management Safeguards Progress of Block B Gas Project – EPCI#1 Package

06/20/2026

Ho Chi Minh City, June 19, 2026 – The Block B Gas Project Management Team successfully held a Risk Management Review Workshop for the EPCI#1 Package to comprehensively assess key project risks, review the effectiveness of ongoing mitigation measures, and align response strategies for the project’s accelerated execution phase. The workshop underscored the project's proactive approach to risk identification, strengthened governance capabilities, and unwavering commitment to achieving safety, quality, and schedule objectives for one of Vietnam’s most significant national energy projects.

Overview of the Workshop

During the workshop, the Project Management Team conducted a comprehensive review of the major risk categories associated with the EPCI#1 Package, covering engineering, quality management, procurement of materials and equipment, fabrication and construction activities, load-out operations, occupational safety, project costs, as well as hook-up and commissioning (HUC) activities. For each risk category, technical and functional teams jointly analyzed root causes, assessed potential impacts, and evaluated the effectiveness of mitigation measures currently in place. Through close collaboration among the Client, the Main Contractor Consortium, and subcontractors, many identified risks have been effectively managed, with their potential impacts progressively reduced and maintained within acceptable thresholds

Mr. Nguyen Khac Dung – Deputy General Manager of the Industrial Division, Deputy Director of the Project

Mr. Nguyen Anh Dung – Deputy Director of PTSC M&C, Deputy Director of the Project

Mr. Do Xuan Dat – Project Manager

The workshop also focused on solutions to ensure timely delivery of critical equipment, enhance construction quality, strengthen safety management during peak execution periods, and secure adequate resources for upcoming load-out, hook-up, and commissioning milestones. Discussions were conducted in a practical and action-oriented manner, with clear accountability assigned to relevant departments to ensure effective implementation and follow-up after the workshop.
Through this initiative, the Project Management Team reaffirmed its management philosophy of “Early Identification – Timely Action – Effective Control,” recognizing risk management as a critical enabler for project success.

Mr. Tran Hoai Nam – Vice President, Project Director, delivers guidance remarks at the Workshop

In his closing remarks, Mr. Tran Hoai Nam, Vice President, Project Director, commended the proactive mindset and strong sense of responsibility demonstrated by all teams in managing project risks throughout the execution phase. He emphasized that the Block B Gas Project – EPCI#1 Package is entering a decisive stage, with multiple critical work fronts progressing simultaneously and several key project milestones approaching. In this context, early identification and timely resolution of risks are essential not only to maintaining schedule performance but also to ensuring construction quality and a safe working environment for all personnel. Mr. Nam called upon all managers, engineers, and workers to continue fostering a spirit of unity, proactiveness, and determination in carrying out their responsibilities; prioritize resources for critical-path activities; strengthen collaboration with project partners to resolve emerging bottlenecks; and consistently place safety and workforce well-being at the forefront of all operations. “Every challenge overcome brings the project one step closer to achieving its goals safely, on schedule, and to the highest quality standards,” he stated.

The Lo B Gas Project team demonstrates strong determination to achieve the First Gas milestone safely, on schedule, and with assured quality

Supported by a robust project governance framework, a continuously maintained risk control system, and close coordination among the Client, the Main Contractor Consortium, and project partners, the Block B Gas Project – EPCI#1 Package is steadily overcoming challenges and advancing toward its next major milestones. Beyond serving as a platform to review and update mitigation measures, the Risk Management Review Workshop further reinforced the collective sense of ownership, accountability, and determination across the entire Project Management Team as it works toward achieving First Gas, contributing to Vietnam’s energy security and the sustainable development of the nation’s Energy and Industrial sector.

Photos from the Workshop: