Macquarie Group plans to invest 3 billion USD in Hai Phong wind farm
Corio Generation of Macquarie Group (Australia) proposed researching an offshore wind power plant project with a capacity of about 1,000MW at the total investment of between 2-3 billion USD in the northern port city of Hai Phong.
Corio Generation's leader Guillermo Martinez-Navas signs an agreement with FECON for a proposed 500 MW offshore windfarm in Ba Ria - Vung Tau province. (Photo: courtesy of the firm)
HaiPhong (VNS/VNA) - Corio Generation of Macquarie Group (Australia)proposed researching an offshore wind power plant project with acapacity of about 1,000MW at the total investment of between 2-3 billionUSD in the northern port city of Hai Phong.
The proposalwas discussed in a meeting with the city's leaders and a delegation of theAustralian Embassy and Australian investors seeking cooperation andinvestment opportunities in Hai Phong last week.
Thebusiness representative said that the project would have a capacity ofabout 1,000MW in 30 years and would be expected to meet about50 percent of the city's electricity demand, creating jobs forlocal workers.
Responding to theproposal of Corio Generation Company, Vice Chairman of the municipal People'sCommittee Nguyen Duc Tho affirmed Hai Phong would always welcome partnersto explore business investment opportunities for mutual development.
He said: "Windpower is still new so Hai Phong city will study and evaluate theaspects of capacity, prestige and economic efficiency to choose the mostsuitable investor," expecting the group would become theinvestor of choice in the near future.
Coriois a global offshore wind business and a portfolio company of Macquarie's GreenInvestment Group, operating on a standalone basis. The business has one of theworld's largest offshore wind development portfolios at over 20 GW.
Earlier,the group signed a joint development agreement with FECON, a leadingVietnamese construction and infrastructure group, for a proposed 500 MWoffshore windfarm in Ba Ria - Vung Tau province.
Theproposed 500 MW Ba Ria - Vung Tau offshore windfarm, located 23-35kmfrom the coast, could be among the first large-scale offshore wind projects tobe built in the country, once licences and approvals are obtained.
Onceconstructed, the fixed-bottom project could produce around 1,250 GWh of cleanelectricity and avoid more than 600,000 tonnes of carbon emissions a year,according to an analysis by the Green Investment Group./.
The draft National Power Development Plan for the 2021 - 2030 period with a vision to 2045 (PDP VIII) clarifies the roadmap to cut down coal-fueled power and increase renewable energy sources, especially wind and gas power, offering a good chance for offshore wind power to thrive, according to experts.
Some major businesses of Denmark and Norway have expressed their special interest in developing offshore wind power in Vietnam during recent meetings with officials of the Ministry of Industry and Trade (MoIT).
The Danish Embassy in Vietnam and the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade (MoIT) jointly held a conference in Hanoi on June 2 to discuss measures to promote the development of offshore wind power in Vietnam.
While Vietnam plans a 7,000MW of offshore wind power by 2030, most of wind farm investors shared their concern about the bidding mechanism for the industry in a recent energy workshop in Hanoi.
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.
Corio Generation's leader Guillermo Martinez-Navas signs an agreement with FECON for a proposed 500 MW offshore windfarm in Ba Ria - Vung Tau province. (Photo: courtesy of the firm) 
