China firm plans wind power blade manufacturing project in central Vietnam
China's Zhuzhou Times New Material Technology Co., Ltd is proposing a wind power blade manufacturing project in the south-central coastal province of Khanh Hoa.
The facility will cover over 31.46 hectares at Phuoc Nam Industrial Park, Thuan Nam commune.
Trinh Minh Hoang (second, right), Vice Chairman of the Khanh Hoa People's Committee, receives representatives from China's Zhuzhou Times New Material Technology Co., Ltd in the province, south-central Vietnam, July 16, 2025. Photo courtesy of Khanh Hoa's news portal.
The project will install eight production lines for wind turbine blades measuring 110 meters in length, with a design capacity of 480 sets a year. It can make blades of up to 150m in length.
In a meeting with company representatives on Wednesday, Trinh Minh Hoang, Vice Chairman of the provincial People's Committee, said he supports Zhuzhou Times New Material Technology Co. to implement this project.
"Khanh Hoa is one of the energy centers of the country, featuring wind and solar power. Choosing Khanh Hoa to manufacture wind turbine blades is a right choice," he said.
The vice chairman acknowledged the investor's opinions and recommendations related to the National Power Development Plan for the 2021-2030 period, with a vision to 2050 (Power Plan VIII); procedures for granting investment certificates; transporting wind turbine blades; tax and customs mechanisms and policies including preferential policies for foreign investors; and procedures for exporting and importing wind turbine blades.
Hoang affirmed that Khanh Hoa province is ready to create favorable conditions for the investor to execute the project.
The people's committee will assign the Department of Finance and related agencies to work with the investor to promptly remove difficulties and obstacles arising during the project implementation process.
Zhuzhou Times New Material Technology Co., Ltd is a subsidiary of CRRC Corporation Limited. Headquartered in Beijing, the multi-sector CRRC has 46 wholly-owned and majority-owned subsidiaries with over 170,000 employees.
CRRC is the world's largest supplier of rail transit equipment with the most complete product lines and leading technologies.
Khanh Hoa and Ninh Thuan provinces were recently merged to establish the new Khanh Hoa province.
- Related News
- Read More
Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure
Trung Nam Thuan Nam Solar Power Company Limited, a subsidiary of the multi-sector Trung Nam Group, incurred a net loss of VND969 billion ($36.83 million) in 2025, reversing a profit of VND138.2 billion ($5.35 million) a year earlier, according to its 2025 earnings statement.
Companies - Sat, May 9, 2026 | 3:01 pm GMT+7
French firms eye Vietnam’s North-South high-speed railway project
A delegation of 15 major French companies and industrial groups has expressed interest in participating in Vietnam’s planned North-South high-speed railway project.
Infrastructure - Sat, May 9, 2026 | 2:38 pm GMT+7
Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (HoSE: MWG), has opened its first store in Hanoi, marking entry into one of the country’s most competitive consumer markets.
Companies - Sat, May 9, 2026 | 8:17 am GMT+7
Intel to continue expanding investment in Vietnam: exec
U.S. chipmaker Intel will continue expanding investment, supporting workforce training, and helping develop Vietnam’s semiconductor ecosystem as the country refines investment support mechanisms to retain large-scale high-tech projects, said its executives.
Industries - Fri, May 8, 2026 | 7:48 pm GMT+7
Vietnam stocks extend rally to fresh record high
Vietnam’s benchmark VN-Index extended gains for a fourth straight session on Thursday, closing at a new all-time high of 1,915.37 points as large-cap banking and property stocks supported the market despite continued foreign selling.
Finance - Fri, May 8, 2026 | 5:49 pm GMT+7
Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam
Vingroup’s subsidiary VinMetal has signed a strategic cooperation agreement with global steel giant Primetals Technologies to develop a large-scale integrated steel complex in central Vietnam.
Industries - Fri, May 8, 2026 | 4:25 pm GMT+7
Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project
Hanoi authorities have asked Japan’s Sumitomo and local conglomerate BRG Group to quicken the progress of the North Hanoi Smart City project as soon as legal procedures are finalized.
Real Estate - Fri, May 8, 2026 | 3:31 pm GMT+7
Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable
Moody’s Ratings (Moody’s) has announced an upgrade of the local currency and foreign currency long-term deposit and issuer ratings for Military Commercial Joint Stock Bank (MB, HoSE: MBB) from Ba3 to Ba2, aligning with Vietnam’s sovereign rating (Ba2 positive). The outlook remains "Stable."
Banking - Fri, May 8, 2026 | 3:00 pm GMT+7
Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader
Vietnam is ready to create favorable conditions for capable Indian corporations and businesses to expand investment and operations in the country in line with its laws, while ensuring transparency and balanced interests among stakeholders, said Vietnam’s Party chief and President To Lam.
Economy - Fri, May 8, 2026 | 1:59 pm GMT+7
Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project
Airports Corporation of Vietnam's (ACV) slow disbursement for the Long Thanh International Airport project, located in the southern province of Dong Nai, highlights implementation bottlenecks despite the company's strong profitability in Q1/2026 and substantial cash reserves for the country's largest aviation infrastructure project.
Companies - Fri, May 8, 2026 | 1:41 pm GMT+7
Vietnam property developers shift to asset-holding strategy for stable cash flow
Vietnamese property developers are increasingly shifting away from the traditional build-to-sell model and focusing instead on accumulating long-term assets capable of generating stable recurring income, as the industry adapts to lessons learned from the market downturn of 2022-2023.
Real Estate - Fri, May 8, 2026 | 12:07 pm GMT+7
Vietnamese, Indian firms exchange 27 agreements on aviation, tourism, logistics, technology
Vietnamese and Indian firms on Thursday exchanged 27 cooperation agreements aimed at boosting trade, investment, tourism and training between the two countries, thereby making bilateral partnership deeper, more practical and effective.
Economy - Fri, May 8, 2026 | 11:13 am GMT+7
MBBank ranks among Vietnam's leading lenders for SME working capital in key industries
Military Bank (MB) has emerged as one of Vietnam’s leading providers of working capital financing for small and medium-sized enterprises (SMEs) operating in key economic sectors, according to National Credit Information Center (CIC) data.
Banking - Fri, May 8, 2026 | 8:56 am GMT+7
Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities
Hanoi plans to gradually relocate and reorganize all residential areas outside the Red River dike system as part of an ambitious urban redevelopment strategy aimed at transforming both banks of the river into a new economic and cultural corridor for the capital.
Economy - Thu, May 7, 2026 | 5:04 pm GMT+7
Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules
Vietnam’s three major domestic automotive corporations - Thaco, VinFast and TC Group - have urged the government to maintain automobile manufacturing, assembly and import activities within the list of “conditional business sectors,” warning that deregulation could weaken the country’s long-term industrial strategy and expose local producers to unfair competition.
Economy - Thu, May 7, 2026 | 4:09 pm GMT+7
Prudential Vietnam remits $194 mln in retained earnings to parent company
Prudential Vietnam transferred over VND5.1 trillion ($194 million) in retained earnings to its parent company, Prudential Corporation Holdings, earlier this year, according to disclosures in its 2025 financial statements.
Finance - Thu, May 7, 2026 | 3:33 pm GMT+7
