Central Vietnam province proposes 3,000 MW LNG-fired power plant
Ha Tinh authorities are proposing a 3,000 MW LNG-fired power plant project, Vung Ang 3, to be built in the central Vietnam province.
In a document sent to the Ministry of Industry and Trade and the Prime Minister, Ha Tinh Chairman Vo Trong Hai wrote that the Vung Ang 3 aims to replace previously planned gas-fired power plants that missed their deadlines or were excluded from the National Power Development Plan VIII (PDP VIII).

The under-construction Vung Ang 2 power plant in Ha Tinh province, central Vietnam. Photo courtesy of Ha Tinh newspaper.
The document highlights advantages for the project, including its proximity to the Son Duong deep-water seaport, the completion of site clearance for 164 hectares, and its connection to the national 500 kV power lines 1, 2, and 3.
Additionally, both the Vung Ang 3 LNG-fired power plant and an LNG terminal are already included in the province's master plan for 2030.
PV Power, an arm of state-owned Petrovietnam, is the major investor of the power project which can have a capacity of 1,500 MW until 2030 and 3,000 MW from 2030.
PV Gas, a sister firm of PV Power, is the investor of the Vung Ang LNG terminal project, also in Ha Tinh, with an annual capacity of 1-3 million tons.
The investors have conducted research and are ready to deploy the projects upon the Prime Minister’s approval, the document reads.
Ha Tinh province, an industrial hub in central Vietnam, is now home to Vung Ang 1 and Vung Ang 2 power plants. The 1,200 MW Vung Ang 1 coal-fired power factory entered operation in December 2014. The 1,200-MW Vung Ang 2 LNG-fired power plant is under construction and is set to enter official operation from June.
- Read More
Private Vietnamese lender DongA Bank renamed Vikki Bank
DongA Bank, a private lender in Vietnam, has changed its name to Vikki Bank, with approval from the State Bank of Vietnam (SBV).
Banking - Sat, February 15, 2025 | 10:59 am GMT+7
Korea's SK Group seeks partnerships in 3 LNG-fired power projects in Vietnam
South Korean chaebol SK Group seeks to jointly build LNG-fired power plants in Vietnam and then develop facilities utilizing electricity generated by those power plants.
Energy - Sat, February 15, 2025 | 9:26 am GMT+7
World’s largest shipping line MSC docks at southern Vietnam port
Phuoc An Port, the largest seaport in Dong Nai province, on Thursday welcomed the first ship from MSC, the world’s largest shipping line, opening up significant opportunities for boosting international trade in Vietnam’s southern region.
Economy - Sat, February 15, 2025 | 8:17 am GMT+7
Vietnamese chemical-pharmaceutical industry eyes yearly growth of 8-11% by 2045
Vietnam's chemical-pharmaceutical industry is expected to achieve an annual growth rate of 8-11% by 2045, according to a newly-approved program on the industry’s development until 2030, with a vision to 2045.
Southeast Asia - Fri, February 14, 2025 | 11:28 pm GMT+7
Vietnam PM urges world's food industry leader JBS S.A to invest in livestock farming, meat processing
Brazil’s JBS S.A, the world’s largest meat processing enterprise, should consider investing in livestock farming, meat processing, industrial crops, and coffee processing in Vietnam, said Prime Minister Pham Minh Chinh.
Industries - Fri, February 14, 2025 | 11:08 pm GMT+7
China proposes new initiatives of cooperation with ASEAN
China has unveiled new proposals to boost cooperation with ASEAN in key areas such as maritime cooperation, artificial intelligence, transportation, blue economy, women’s and children’s health, and the environment, towards strengthening the comprehensive strategic partnership between the two sides.
Southeast Asia - Fri, February 14, 2025 | 8:17 pm GMT+7
Honda Vietnam’s motorcycle, car sales decline in Jan
Honda Vietnam's motorcycle sales reached 198,911 units, marking a 12.6% decline from January 2024, while it sold 1,826 cars, a 9.7% decrease year-on-year.
Southeast Asia - Fri, February 14, 2025 | 8:15 pm GMT+7
Vietnam auto sales fall 2% to 18,893 in Jan amid EV trend
Members of the Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 18,893 units in January 2025, down 2% year-on-year and 40% from December 2024.
Companies - Fri, February 14, 2025 | 4:50 pm GMT+7
China-based Red Board Electronics to invest $110 mln in northern Vietnam
China-invested Red Board Electronics Limited will invest $110 million in Vietnam’s northern province of Ha Nam to manufacture printed circuit board (PCB).
Industries - Fri, February 14, 2025 | 3:25 pm GMT+7
US recent tariff does not aim at Vietnam: diplomat
The United States’ recent tax measures do not aim at Vietnam and the United States seeks to continue “positive” trade-economic relations with Vietnam, said U.S. Ambassador to Vietnam Marc Knapper.
Economy - Fri, February 14, 2025 | 3:11 pm GMT+7
VinFast's global deliveries hit 53,139 EVs in Q4/2024, up over 3 times
Vietnamese EV startup VinFast delivered 53,139 units globally in Q4/2024, a 342% year-over-year growth, driven by rising demand for affordable models and the company’s strength in its home market.
Companies - Fri, February 14, 2025 | 1:56 pm GMT+7
Norway renewable energy firm Scatec sells 39 MW Vietnam project for $40 mln
Norway-headquartered renewable energy firm Scatec has completed the sale of its 100% stake in the 39 MW Dam Nai wind farm in Vietnam for potentially $40 million.
Energy - Fri, February 14, 2025 | 10:50 am GMT+7
HCMC youths make chocolate at Alluvia shop for Valentine's Day
Many young people made chocolate themselves at the Alluvia Chocolate Cafe, 74B Le Loi street, District 1, Ho Chi Minh City as gifts for their beloved on occasion of the Valentine's Day, February 14.
Companies - Fri, February 14, 2025 | 9:02 am GMT+7
SCG Chemicals loses $304 mln from Long Son Petrochemicals in Vietnam in 2024
SCG Chemicals (SCGC), an arm of Thailand’s Siam Cement Group (SCG), recorded a loss of THB10,269 million ($303.6 million) from the $5.2 billion Long Son Petrochemicals (LSP) complex in Vietnam in 2024.
Companies - Fri, February 14, 2025 | 8:16 am GMT+7
Bahrain affirms support for Vietnam in financial center development
Bahrain’s investment funds and agencies are willing to support Vietnam in developing financial centers in Ho Chi Minh City and Danang, said the Arab country's Minister of Finance and National Economy.
Economy - Thu, February 13, 2025 | 10:01 pm GMT+7
$2 bln northern Vietnam LNG power plant to commence construction in Sept
The $2 billion LNG Thai Binh power plant project in Vietnam’s northern province of Thai Binh is set to kick off construction in September, meeting the schedule.
Energy - Thu, February 13, 2025 | 5:28 pm GMT+7