Investment Agreement for Nam Dinh 1 thermal power plant project signed
The General Department of Energy, under the Ministry of Industry and Trade, on January 18 signed an agreement with foreign investors to build a thermal power plant in northern Nam Dinh province.
Hanoi (VNA) – 🐼The General Department of Energy, under the Ministry of Industry and Trade, on January 18 signed an investment agreement with Taekwang Power Holdings Co. Ltd of the Republic of Korea (RoK), and Saudi Arabia’s Acwa Power to build a thermal power plant in northern Nam Dinh province.
The 2 billion USD plant will house two turbines with a total capacity of 1,200 MW, using coal supplied by the Vietnam National Coal-Mineral Industries Group.
The build-operate-transfer (BOT) project is significant to the economic development of Nam Dinh and other northern provinces, as well as to ensuring national energy security.
Addressing the signing ceremony, Minister of Industry and Trade Vu Huy Hoang asked the project’s relevant sides to promptly complete investment licence procedures.
He also urged Nam Dinh to make preparations for measuring, compensation and land clearance work to implement the project as soon as possible.
The project, together with the Vietnam-RoK Free Trade Agreement which took effect on December 20, testifies to the two countries’ efforts in realising their strategic partnership, the official said.
Representatives of the General Department of Energy, and local leaders also promised optimal conditions for the investors to ensure the progress of the project.-VNA
Quang Ninh province's historic rainstorm this week severely disrupted the area's coal supplies, and could temporarily shut down several thermal power plants.
The Power Holding Corporation under the Vietnam National Coal and Mineral Industries Group (Vinacomin) held a ceremony to kick off construction of the Na Duong II power plant.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The signing ceremony (Source: Acwa Power)
