Dong Nai (VNA) – 🍌The Nhon Trach 3 power plant, Vietnam’s first LNG-fuelled power plant, was connected to the national grid on February 5, generating 50 MW of electricity.
The Petrovietnam Power Corporation (PV Power) said the event marked the first time the project has begun feeding electricity into the national grid as part of its testing phase.
The plant is expected to enter commercial operation in July this year, after meeting technical requirements.
Developed by PV Power, the Nhon Trach 3 and 4 thermal power plants are located in the Ong Keo industrial park in Phuoc Khanh commune, Nhon Trach district, the southern province of Dong Nai. With a total investment of 1.4 billion USD, they have a combined capacity of 1,624 MW.
As of the end of January, the plants have achieved nearly 96% of their construction workload. With the support and cooperation of Dong Nai and the Vietnam Oil and Gas Group (Petrovietnam), PV Power is making every effort to accelerate the progress and put both plants into operation in 2025, the firm noted./.
LNG power projects in Vietnam are currently grappling with many obstacles, ranging from bureaucratic delays to issues with power purchase agreements (PPAs), leading to significant project implementation slowdowns.
Foreign investors, particularly those from the US, have expressed their interest in investment opportunities in Vietnam’s liquefied natural gas (LNG) infrastructure market to meet the country's energy needs.
During a working visit to the US, leaders from the Vietnam Oil and Gas Group (Petrovietnam) and the Petrovietnam Gas Joint Stock Corporation (PV GAS) held a meeting with executives of Texas-based Cheniere Energy Inc – one of the world’s largest suppliers of liquefied natural gas (LNG).
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
