Construction began on the Nghi Son 2 Thermal Power Plant at the Nghi Son Economic Zone in the central province of Thanh Hoa on September 18.
The plant is being built at a total cost of 2.3 billion USD, with 25 percent contributed by a joint venture between Japan’s Marubeni Group and the Republic of Korea Electric Power Corporation (Kepco) and the remaining coming from foreign banks.
It will use the world’s most cutting-edge technologies to ensure productivity and cut coal losses and emissions.
Included in the master plan of the Nghi Son Power Centre, the project, together with the 600MW Nghi Son 1 Power Plant, forms part of the national power development plan during the 2011-2020 period with a vision towards 2030 approved by the Prime Minister.
The 1,200 MW plant includes two turbines with the first scheduled to be operational in September 2019 and the second in March a year later, expected to churn out a total of 8 KWh annually.
To ensure the project’s progress, the provincial People’s Committee has promptly addressed issues regarding land clearance, electricity and water supply, and ensuring security at the construction site.-VNA
The Ministry of Industry and Trade (MoIT) has issued Circular No. 23/2015/TT-BCT regulating procedures for investing in thermal electricity plant projects in Vietnam under the form of build-operate-transfer (BOT).
The construction of the Song Hau 1 Thermal Power Plant started on May 16 with a ground-breaking ceremony in Chau Thanh district, the Mekong Delta province of Hau Giang launched by Prime Minister Nguyen Tan Dung.
The Ministry of Industry and Trade (MoIT) on July 18 announced the start of work on the construction of the Vinh Tan 1 thermoelectricity in central Binh Thuan province.
Prime Minister Nguyen Tan Dung attended a ceremony to inaugurate the Vung Ang 1 Thermal Power Plant in Ky Anh district, the central province of Ha Tinh on September 17.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative photo. (Photo: VNA)
