Central Vietnam power plant Quang Trach 1 makes 'first fire' of first turbine

By Bach Quang
Mon, August 18, 2025 | 2:51 pm GMT+7

The 1,403 MW Quang Trach 1 coal-fired power plant in Quang Tri province, invested by state utility Vietnam Electricity (EVN), made the "first fire" of its first turbine on Monday morning.

The "first fire" signifies the initial ignition of fuel within the turbine's combustion chamber, marking a crucial milestone in its commissioning process. This event precedes the turbine reaching its full operating speed and is a key step towards electricity generation.

EVN said it is determined to put the first turbine into operation in 2025 and generate electricity from both the turbines in 2026.

Early this year, the utility had stated that it aimed to put the first turbine into operation by September 2.

An aerial view of Quang Trach 1 thermal power plant in Quang Tri province, central Vietnam. Photo courtesy of EVN.

An aerial view of Quang Trach 1 thermal power plant in Quang Tri province, central Vietnam. Photo courtesy of EVN.

The Quang Trach 1 coal-fired power plant is part of the 2,903 MW Quang Trach Power Center project in the central province.

The plant has two turbines and a design annual output of 9.1 billion kWh, utilizing ultrasupercriticial technology to meet environmental requirements.

EVN assigned the project to the Power Project Management Board 2 which is also in charge of other projects at the 48.6-hectare Quang Trach Power Center in Phu Trach commune, Quang Tri province (formerly Quang Dong commune, Quang Trach district, Quang Binh province before the recent merger of Quang Binh and Quang Tri).

The total investment of the project is over VND42,000 billion ($1.6 billion), using EVN's capital (30%) and domestic commercial loans (70%) sponsored by state-controlled Vietcombank.

The package of design, supply of goods, and construction of the project is implemented by a consortium of Japan's Mitsubishi Corporation, South Korea's Hyundai E&C (Korean Contractor), and Vietnam's Construction Corporation No. 1 - the EPC.

These are all reputable, large contractors with capacity and experience at many large thermal power projects.

The plant is equipped with synchronous wastewater treatment systems and exhaust gas and dust filtration systems, so the amount of gas emissions after treatment will fully comply with current Vietnamese environmental standards and be equivalent to World Bank standards, according to the investor.

Comments (0)
  • Read More
Vietnam licenses 10th wholly foreign bank after 9-year hiatus

Vietnam licenses 10th wholly foreign bank after 9-year hiatus

Vietnam has allowed Industrial Bank of Korea (IBK) to establish a wholly foreign-owned, locally incorporated bank - the first such a license in nine years.

Banking - Fri, April 24, 2026 | 9:38 am GMT+7

Vissan falls short of public company criteria over concentrated ownership

Vissan falls short of public company criteria over concentrated ownership

Vietnam's leading meat producer Vissan has acknowledged that it fails to meet the requirements to qualify as a public company, citing its current shareholder structure and the absence of a divestment roadmap from state authorities.

Companies - Fri, April 24, 2026 | 8:17 am GMT+7

China's Su Shang seeks infras investment opportunities in northern Vietnam industrial hub

China's Su Shang seeks infras investment opportunities in northern Vietnam industrial hub

Su Shang Construction Group, a major Chinese infrastructure developer, is exploring investment opportunities in Bac Ninh as the northern Vietnam province steps up efforts to expand its transport and urban infrastructure network.

Infrastructure - Thu, April 23, 2026 | 9:09 pm GMT+7

Vietnam's leading broker SSI posts Q1 profit of $61 mln, trims equity exposure

Vietnam's leading broker SSI posts Q1 profit of $61 mln, trims equity exposure

SSI Securities Corporation reported a Q1 pre-tax profit of over VND1.59 trillion ($60.5 million), as the brokerage scaled back equity investments and margin lending amid volatile markets and rising interest rates.

Companies - Thu, April 23, 2026 | 5:33 pm GMT+7

Vietnam’s housing market posts 2.5-fold rise in new supply, enters selective recovery in Q1

Vietnam’s housing market posts 2.5-fold rise in new supply, enters selective recovery in Q1

Vietnam’s real estate market showed signs of recovery in the first quarter of 2026, with supply rebounding strongly and demand remaining resilient, even as high prices and cautious sentiment continued to shape buyer behavior.

Real Estate - Thu, April 23, 2026 | 4:30 pm GMT+7

Danang city approves Thaco Group unit to study urban railway project under PPP model

Danang city approves Thaco Group unit to study urban railway project under PPP model

Central Vietnam hub Danang has approved a unit of Truong Hai Group (Thaco) to study investment in a proposed urban railway project under a public-private partnership (PPP) model, the city government said.

Infrastructure - Thu, April 23, 2026 | 3:01 pm GMT+7

VPBank CEO defends higher bad debt as trade-off for growth

VPBank CEO defends higher bad debt as trade-off for growth

Vietnam’s private lender VPBank is willing to tolerate a higher bad debt ratio as a trade-off for growth, reflecting its distinct business model and focus on higher-yield segments, its CEO said.

Banking - Thu, April 23, 2026 | 2:13 pm GMT+7

Diversifying export markets ‘golden key’ for Vietnamese firms: CEO

Diversifying export markets ‘golden key’ for Vietnamese firms: CEO

Expanding into alternative export markets such as India and the Middle East could prove a “golden key” for Vietnamese businesses, as demand in these regions remains strong and entry requirements are less stringent than in the U.S., according to Nguyen Tuan Viet, CEO of Vietgo, an im-export consultancy company.

Economy - Thu, April 23, 2026 | 11:39 am GMT+7

Vietnam banks face tightening margins, liquidity pressures in 2026

Vietnam banks face tightening margins, liquidity pressures in 2026

Vietnam’s banking sector is entering a period of heightened selectivity in 2026, with capital strength and liquidity management emerging as decisive factors separating lenders able to expand from those forced to scale back operations.

Banking - Thu, April 23, 2026 | 8:17 am GMT+7

Russia’s Novatek eyes LNG investment opportunities in central Vietnam

Russia’s Novatek eyes LNG investment opportunities in central Vietnam

Novatek, Russia's leading natural gas producer, is exploring investment opportunities in Vietnam’s LNG sector, with a particular focus on Thanh Hoa province.

Energy - Wed, April 22, 2026 | 10:52 pm GMT+7

Vingroup’s VinDynamics partners Schaeffler to develop humanoid robot components

Vingroup’s VinDynamics partners Schaeffler to develop humanoid robot components

VinDynamics, a tech arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), has signed an MoU with Germany’s motion technology firm Schaeffler to jointly develop key components for humanoid robots.

Companies - Wed, April 22, 2026 | 4:23 pm GMT+7

Vietnam’s top dairy producer Vinamilk targets modest growth as weak dairy demand persists

Vietnam’s top dairy producer Vinamilk targets modest growth as weak dairy demand persists

Vinamilk (HoSE: VNM) set cautious growth targets for 2026, as it navigates weak consumer demand and rising input costs despite a strong start to the year.

Companies - Wed, April 22, 2026 | 4:09 pm GMT+7

Vietnam targets over 6,500 km of expressways by 2030: minister

Vietnam targets over 6,500 km of expressways by 2030: minister

Vietnam aims to complete 6,539 kilometers of expressways by 2030, nearly doubling the current network of about 3,345 km already in operation, Minister of Construction Tran Hong Minh said.

Infrastructure - Wed, April 22, 2026 | 3:28 pm GMT+7

Labeling real estate as ‘high-risk’ inappropriate: association head

Labeling real estate as ‘high-risk’ inappropriate: association head

Vietnam’s long-standing classification of real estate as a high-risk sector in credit policy is improper and may be distorting the market, according to Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association (HoREA).

Real Estate - Wed, April 22, 2026 | 3:18 pm GMT+7

Foreign outflows in Vietnam’s stock market to ease from mid-2026: brokerage CEO

Foreign outflows in Vietnam’s stock market to ease from mid-2026: brokerage CEO

Net foreign selling on Vietnam’s stock market is expected to ease and potentially reverse from mid-2026 as macro conditions stabilize and prospects for a market status upgrade become clearer, CEO of An Binh Securities (ABS) said.

Finance - Wed, April 22, 2026 | 12:34 pm GMT+7

10% crude oil price hike could trim Vietnam’s growth by 0.4%: finance minister

10% crude oil price hike could trim Vietnam’s growth by 0.4%: finance minister

A 10% increase in crude oil prices could reduce Vietnam’s economic growth by about 0.4% and push inflation up by around 0.5%, Minister of Finance Ngo Van Tuan said on Tuesday.

Economy - Wed, April 22, 2026 | 11:45 am GMT+7