Chinese companies seek to further partner with Vietnam Electricity
Several Chinese companies met with state utility Vietnam Electricity (EVN) between May 27 and June 12, seeking more cooperation opportunities.
The Chinese firms include Shanghai Electric Group Co., Ltd. (SEC), Baoding Tianwei Baobian Electric Co., Ltd. (BTW), tech giant Huawei, and Shandong Doreen Electric Power Technology Co., Ltd.
On May 27, EVN chairman Dang Hoang An received a delegation from SEC, during which the two sides discussed potential cooperation in the energy sector, particularly power generation and the modernization of national power grids.
SEC is a global leader in industrial solutions, specializing in energy and industry sectors.
In Vietnam, it has served as the engineering, procurement and construction (EPC) contractor for major projects such as Quang Ninh and Vinh Tan 2 thermal power plants in the northern province of Quang Ninh and the south-central province of Binh Thuan, respectively. The company is now expanding into wind and solar energy ventures in Vietnam.

Vietnam Electricity (EVN) chairman Dang Hoang An receives a delegation from China's Shanghai Electric Group Co., Ltd. in Hanoi on May 27, 2025. Photo courtesy of EVN.
SEC chairman Wu Lei briefed the EVN side on the company’s capabilities and expressed a desire to continue partnering with EVN on power infrastructure projects in Vietnam.
For his part, An said Vietnam plans to add around 100,000 MW of new power generation capacity by 2030 under the revised national power development plan (PDP VIII).
This presents significant room for international partners like SEC to deepen their participation in Vietnam’s energy ecosystem, he stressed.
An praised SEC’s project execution capabilities and technological expertise, affirming EVN’s readiness to expand cooperation with experienced partners - based on the principle of efficiency, safety, sustainability, alignment with Vietnam’s energy transition goals, and compliance with Vietnamese law.
At a meeting on May 28, EVN and Baoding Tianwei Baobian Electric Co., Ltd. (BTW) looked into the production progress of reactors for the 500 kV Lao Cai substation project in the northern province of Lao Cai and several proposed areas of cooperation in the time ahead.

At a meeting between Vietnam Electricity (EVN) and China's Baoding Tianwei Baobian Electric Co., Ltd. (BTW) in Hanoi on May 28, 2025. Photo courtesy of EVN.
BTW expressed strong interest in expanding collaboration with EVN in the near future, particularly in power transmission, nuclear energy, LNG power, and pumped storage hydropower - key areas that align with Vietnam’s energy sector development strategy.
BTW is among the manufacturers with most comprehensive capabilities in core technology, voltage ranges, product types, and service offerings for transformer and reactor-related projects.
The company had previously participated in supplying 500kV transformers to the Chon Thanh and Duc Hoa 500kV substations in Binh Phuoc and Long An provinces, respectively, both in southern Vietnam.
On June 9, EVN CEO Nguyen Anh Tuan had a working session with Zhou Haojie, chief operating officer of Huawei Electric Power Digitalization Business Unit.
According to Zhou, in Vietnam, Huawei has partnered with over 300 companies to deploy a wide range of renewable energy projects with an accumulated capacity of around 9,000 MW, including both large-scale and rooftop solar installations.

Vietnam Electricity (EVN) CEO Nguyen Anh Tuan (second, left) at a meeting with Huawei Electric Power Digitalization Business Unit in Hanoi on June 9, 2025. Photo courtesy of EVN.
Huawei’s technology solutions emphasize flexible integration with existing power grids, distributed energy management, and enhanced connectivity between solar power systems, EV charging stations, and energy storage systems, he said.
Tuan affirmed that developing modern, flexible, and digitalized power infrastructure is a strategic priority for EVN in the current period.
Pointing to the growing complexity of grid operations, the CEO underscored the importance of rapidly deploying advanced technologies for monitoring, control, and the integration of distributed energy sources.
Smart grids, energy storage systems, and digital operating platforms are seen as essential to maintaining the stability, reliability, and efficiency of the overall power system, he continued.
Lauding Huawei’s technological capabilities, strategic vision, and comprehensive solution ecosystem, Tuan expressed hope that the company would play an active role in advancing the digital transformation of Vietnam’s power sector.
At a June 12 working session, representatives of EVN and Shandong Doreen Electric Power Technology Co., Ltd discussed smart grid technology solutions.

At a meeting between Vietnam Electricity (EVN) and China's Shandong Doreen Electric Power Technology Co., Ltd in Hanoi on June 12, 2025. Photo courtesy of EVN.
The EVN side said as renewable energy continues to expand rapidly and gain deeper penetration into Vietnam’s power system, solutions for renewables management, monitoring and control like those offered by Doreen hold strong potential.
EVN expressed hope that the Chinese company would collaborate with its power corporations to implement a pilot project featuring smart IoT switching devices and an integrated solar-storage-charging system.
It also called for support in further exploring rooftop solar monitoring and control systems, and in providing additional information to facilitate research and expand collaboration in areas such as smart grid equipment, big data collection and analysis, and application of AI in grid operations.
Doreen provides solutions such as equipment, technology, R&D and construction for domestic and foreign power supply utilities to realize lean operation of medium and low voltage power grids and intelligent management of distribution network.
- Read More
Halal market presents major opportunities for Vietnamese businesses
The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.
Economy - Thu, August 7, 2025 | 9:18 pm GMT+7
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7