The biomass power plant invested by the KCP Vietnam Industries Limited in the south central province of Phu Yen was connected to the national grid on April 2.
Operating area of the biomass power plant (Photo: VNA)
Phu Yen (VNA) – The biomass power plantinvested by the KCP Vietnam Industries Limited in the south central province ofPhu Yen was connected to the national grid on April 2.
The India-invested company commenced theconstruction of the factory in 2015 in the mountainousdistrict of Son Hoa after its sugar plant in the locality raised capacity to8,000 tonnes of sugarcane per day.
The power plant fuelled by bagasse has adesigned capacity of 60 MW and a total investment of nearly 1.3 trillion VND(57.1 million USD).
The first phase of the project has beencompleted with a capacity of 30 MW and it is able to generate over 70 millionkWh of electricity annually.
The company is carrying out the second phase ofthe power plan along with raising the capacity of the sugarcane processingplant to 10,000 tonnes per day.
Director General of the KCP Vietnam IndustriesLimited K.V.S.R Subbaiah said the company also hopes to invest in processingside products of sugar production such as alcohol and microbiologicalfertilizer.-VNA
Prime Minister Nguyen Xuan Phuc agreed with a proposal to target Phu Yen into a tourism infrastructure development project funded by the Asian Development Bank.
The southern province of Phu Yen on October 17 started the construction of infrastructure for a hi-tech applied agricultural zone (AZ) with an investment of nearly 520 billion VND (22.6 million USD).
Phu Yen on March 27 announced a master plan of its high technology agriculture zone to 2030 to serve the production of the south central coastal province as well as other regional localities.
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
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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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.