Work starts on biggest inland foreign-funded renewable energy project in Vietnam
The construction of the B&T wind farm cluster, the biggest foreign-funded renewable energy project in inland Vietnam, began in the central province of Quang Binh on September 20.
At the groundbreaking ceremony of the project (Photo: baochinhphu.vn)
Quang Binh (VNA) – The construction of the B&T wind farm cluster, the biggestforeign-funded renewable energy project in inland Vietnam, began in the centralprovince of Quang Binh on September 20.
Spanning over 2,244 ha in the districts of Quang Ninh and LeThuy, the Philippines-invested cluster has total investment of over 8.9 trillion VND (384.6 million USD) and combines two farms.
The first, B&T 1, will have a capacity of 100.8 MW and isexpected to start operations in December 2020, while the second will have acapacity of 151.2 MW and is slated for completion in June 2021.
The project consists of three packages – the provision,transport and operation of 50 turbines by the Dutch-based contractor Vestars;the construction of the turbine foundation and wire system by Vietnamese Facon jointstock company; and the construction of a 220kv substation and transmissionline by Vietnamese V.Tech limited company.
According to Chairman of the Quang Binh People’s CommitteeTran Cong Thuan, the project is expected to supplement the local electricitysources, help ensure the national energy security, and annually contribute 120billion VND to the provincial budget.
It is also hoped to become a tourist attraction.
Quang Binh holds huge potential for renewableenergy development, especially wind power. Wind speeds reach 5.5-6m per secondin coastal areas, and 6.2-7m per second in mountainous areas./.
The Gelex Energy Ltd on June 27 started construction of two wind power plants with total capacity of 50MW in Huong Phung commune, Huong Hoa district of the central province of Quang Tri.
The offshore Bac Lieu wind power plant in Bac Lieu city of the southern province of the same name celebrated its 1 billionth kWh with a ceremony on March 6.
The People’s Committee in the central coastal province of Quang Binh had asked B&T Windfarm JSC to complete investment procedures in order to start the construction of a wind farm cluster no later than October 10 this year, according to the provincial portal.
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.