$2.8 bln thermal power plant set for National Day inauguration
Work on the foreign-invested Nghi Son 2 thermal power plant in Thanh Hoa province has been completed.
The 1,200MW Nghi Son 2 thermal power plant in Thanh Hoa province, central Vietnam. Photo courtesy of Thanh Hoa newspaper.
Provincial authorities and three developers - Korea Electric Power Corp. (Kepco), Marubeni and Tohoku Electric Power - plan to inaugurate the 1,200MW plant on September 2, Vietnam’s National Day.
Kepco contributed half of the project investment, while the figure for Japanese companies Marubeni and Tohoku is 40% and 10%, respectively.
Construction of the project in Nghi Son Economic Zone, which is also home to the $9-billion Nghi Son Refinery and Petrochemical complex, one of Vietnam’s two operational oil refineries, began in 2018.
Its developers had said the power plant would use cutting-edge technologies to ensure productivity and cut coal losses and emissions. As a build-operate-transfer (BOT) project, the plant will be transferred to state utility Vietnam Electricity (EVN) 25 years after operation.
Thanh Hoa officials and representatives of project developers inspect the site to hold the September 2 inauguration ceremony of the Nghi Son 2 Thermal Power Plant, August 22, 2022. Photo courtesy of Thanh Hoa newspaper.
The new facility, with two 600MW generators, and the operational 600MW Nghi Son 1 Power Plant are part of the Nghi Son Power Center, an energy complex ensuring electricity supply for the central province and nearby areas.
- Related News
- Read More
Central Vietnam hub Danang names 5 property projects eligible to raise investment capital
The Department of Construction in Danang city has announced a list of five property projects that have been approved to mobilize a total of over VND22 trillion ($836.34 million) in investment capital.
Real Estate - Mon, October 27, 2025 | 11:59 am GMT+7
Petrovietnam’s arm PTSC posts 140% profit surge in Q3 on higher deposit income
PetroVietnam Technical Services Corporation (PTSC, HoSE: PVS), a subsidiary of state-run Petrovietnam, reported VND324 billion ($12.3 million) in Q3 net profit, up 140% year-on-year, driven by higher financial income and reduced borrowing costs.
Companies - Mon, October 27, 2025 | 11:20 am GMT+7
Price war squeezes profit margins at Vietnam's auto distributors
Vietnam’s auto market continues to expand in size, but distributors are seeing profits erode as aggressive price competition spreads beyond luxury vehicles to mass-market segments.
Companies - Mon, October 27, 2025 | 8:14 am GMT+7
Vietnam-US issue joint statement on Reciprocal Trade Agreement Framework
Vietnam and the United States on October 26 issued a joint statement on the Framework for a Balanced and Fair Reciprocal Trade Agreement after many months of negotiations.
Economy - Sun, October 26, 2025 | 9:28 pm GMT+7
MBBank achieves sustainable growth in 9 months, leads digital transformation
Hanoi-based MBBank recorded positive growth across scale, efficiency, and asset quality in the first nine months of the year, underscoring its strong internal resilience amid continued volatility in the financial market.
Banking - Sun, October 26, 2025 | 5:38 pm GMT+7
Vingroup to develop 6,300 ha urban complex project in Congo
Vietnam's leading private conglomerate Vingroup (HoSE: VIC) and the government of Kinshasa, the capital of the Democratic Republic of the Congo (DRC), will jointly explore and develop a 6,300-hectare riverfront mega-urban project.
Real Estate - Sun, October 26, 2025 | 12:57 pm GMT+7
Vietnam’s Ministries of Foreign Affairs, Natural Resources & Environment, and Home Affairs have new heads
Le Hoai Trung was appointed on Saturday as Minister of Foreign Affairs, Tran Duc Thang as Minister of Natural Resources and Environment, and Do Thanh Binh as Minister of Home Affairs.
Politics - Sun, October 26, 2025 | 11:22 am GMT+7
Intel eyes shifting more production to Vietnam
U.S. chipmaker Intel plans to shift its assembly, packaging, and testing operations from its Costa Rica facility to potential markets such as Vietnam, said Kenneth Tse, general director of Intel Products Vietnam.
Industries - Sun, October 26, 2025 | 9:05 am GMT+7
Vietnam's securities regulator seeks to expand institutional market participation
The State Securities Commission of Vietnam (SSC) is preparing a comprehensive package of measures to allure more institutional investors to the stock market, which currently sees up to 85-90% of total transaction value come from retail investors.
Finance - Sun, October 26, 2025 | 8:00 am GMT+7
VAFIE, Nghe An province tax authority help businesses update new tax policies
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and the Nghe An province Tax Department on Friday co-hosted a tax policy workshop titled “New tax policies impacting business operations and accounting standards under IFRS.”
Companies - Sat, October 25, 2025 | 7:28 pm GMT+7
Vietnam parliament okays appointing 2 new Deputy Prime Ministers
Vietnam's legislature has approved Prime Minister Pham Minh Chinh's proposal to appoint Ho Quoc Dung, former Party chief of Gia Lai province, as Deputy Prime Minister, while Pham Thi Thanh Tra, a Party Central Committee member, became the country's first female Deputy Prime Minister.
Politics - Sat, October 25, 2025 | 6:32 pm GMT+7
Foxconn unit ShunYun injects extra $15 mln into northern Vietnam subsidiary
ShunYun Technology Co., a subsidiary of Taiwanese electronics giant Foxconn, has announced an additional $15 million investment into its Vietnamese arm in the northern province of Bac Ninh, according to a filing with the Taiwan Stock Exchange.
Industries - Sat, October 25, 2025 | 4:57 pm GMT+7
DNP Water, Samsung E&A launch $69 mln inter-regional water project in Vietnam’s Mekong Delta
A subsidiary of Vietnam’s water supplier DNP Water and South Korea’s Samsung E&A have broken ground on a VND1.82 trillion ($69.2 million) inter-regional raw water infrastructure project in the Mekong Delta, marking a major step toward improving the region’s water security.
Infrastructure - Sat, October 25, 2025 | 4:50 pm GMT+7
Vietnam’s bond market heats up as major corporates return
Vietnam’s corporate bond market is regaining momentum as large conglomerates join banks and brokerages in successful issuances.
Finance - Sat, October 25, 2025 | 9:33 am GMT+7
Decentralization and the potential for multi-center urban development in HCMC’s satellite areas
If managed well, urban decentralization and multi-center development can ease housing pressures in central HCMC and usher in a more balanced growth phase for the southern region's residential market, write Avison Young Vietnam analysts.
Real Estate - Sat, October 25, 2025 | 8:00 am GMT+7
Chinese firm proposes its 3rd waste-to-power plant in Vietnam
China’s EverBright Environment has proposed investing about VND1.6 trillion ($60.82 million) in a waste-to-energy plant in the central province of Quang Tri.
Energy - Fri, October 24, 2025 | 8:45 pm GMT+7
