China’s Huadian to invest $440 mln for producing hydrogen, methanol in Vietnam
Huadian Group, a Chinese state-owned enterprise (SOE), aims to invest $440 million in Vietnam’s central province of Quang Tri for producing green hydrogen and methanol.
A Huadian delegation and its Vietnamese partner Minh Quang JSC presented the investment proposal to Quang Tri authorities Wednesday. The investment covers phase 1 of the project.
In March, Huadian had said it aimed to invest $2.39 billion for producing green hydrogen in the province.
Le Quang Tung (center, right), Secretary of Quang Tri province's Party Committee, leads a meeting of provincial leaders with a delegation of Chinese firm Huadian and its Vietnamese partner Minh Quang JSC in the central Vietnam province, August 28, 2024. Photo courtesy of Quang Tri newspaper.
Per the latest proposal, the Chinese giant plans to build a 265-MW wind farm and an 80-MW solar farm, along with a 30-MWh battery energy storage system (BESS), to serve the production of 12,000 tons of green hydrogen and 100,000 tons of methanol a year, respectively.
Huadian and its Vietnamese partner have already conducted a pre-feasibility study for the project, the Chinese firm said. The company also emphasized its experience in developing electricity, chemicals, natural resources and metallurgy projects in China.
Minh Quang JSC is the developer of solar power projects of over 400 MW in the Central Highlands province of Dak Nong.
Supporting the investment proposal, Le Quang Tung, Secretary of Quang Tri's Party Committee, asked provincial authorities to cooperate with the firm in completing administrative procedures and deploying the project soon.
He said Quang Tri had several advantages related to the project, including the current energy portfolio of 1,000 MW, including solar power, wind power and thermal power.
Meanwhile, per the national Power Development Plan VIII (PDP VIII) for 2021-2030, the province can develop an additional 600 MW in renewable energy, he added.
Huadian Group, a major energy SOE in China, has several investments in Vietnam including a 200 MW wind power plant in the Central Highlands province of Dak Lak; and the $2 billion, 1,320 MW Duyen Hai 2 thermal power plant in the southern province of Tra Vinh.
- Related News
- Read More
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
Mega golf-commercial-urban complex proposed for southern Vietnam city Can Tho
Vietnam Royal Investment Group JSC has proposed developing a 766-hectare golf-service-commercial-urban complex in the Mekong Delta city of Can Tho.
Real Estate - Fri, October 24, 2025 | 4:31 pm GMT+7
Sumitomo makes first hydropower investment in Vietnam
Sumitomo Corporation has made its first hydropower investment in Vietnam by acquiring a 49% stake in Mekong Electric Power Engineering and Development JSC which owns the 48 MW Dak Di 1 & 2 run-of-river hydropower project in Danang city.
Energy - Fri, October 24, 2025 | 3:42 pm GMT+7
