First turbine of central Vietnam thermal power plant inaugurated
The first turbine of the Vung Ang II thermal power plant was inaugurated on Thursday at Vung Ang Economic Zone in Ha Tinh province.
Delegates at the inauguration ceremony on September 18, 2025. Photo courtesy of Ha Tinh newspaper.
The $2.2 billion BOT project has a designed capacity of 1,200 MW with two 600MW turbines. The plant is expected to secure power supply for the central region and nearby provinces, supporting the development of industry, agriculture and services.
Vung Ang II is a joint project between Japan’s Mitsubishi Corporation (60%) and the Korea Electric Power Corporation (40%). Launched in 2007, it is considered an important step for Vietnam’s energy security and sustainable growth in Ha Tinh.
According to general director of Vung Ang II Thermal Power LLC (VAPCO) Go Fukushima, the project will create more than 500 jobs once fully operational and contribute significantly to the local economy.
During the construction phase, it employed over 18,600 workers. At present, the first turbine provides regular jobs for 150 employees.
Ha Tinh has identified industry as one of its four key economic pillars. The province recorded GRDP growth of 7.16% in 2023 and aims for sustainable growth of over 7.48% this year.
In the first half of 2025, GRDP increased by 8.16% year-on-year, showing strong and balanced development across sectors.
The Vung Ang Economic Zone plays a strategic role as a gateway connecting domestic regions with international markets. Under the master plan to 2050, it will develop into a multi-sector hub focusing on metallurgy, energy, manufacturing, seaports and logistics.
- Read More
Vietnam's leading steelmaker Hoa Sen beats full-year profit target after 9 months
Hoa Sen Group (HoSE: HSG) has exceeded its full-year profit target after nine months of its 2025-2026 fiscal year ending September 30, driven by a sharp earnings recovery in the third quarter and improved operating efficiency.
Companies - Tue, July 14, 2026 | 8:00 am GMT+7
Window opening to buy quality Vietnamese assets at deep discounts as liquidity tightens: SGI Capital
Rising interest rates and mounting liquidity pressure could push valuations in both the Vietnamese stock and real estate markets even lower in the coming period, creating opportunities to acquire high-quality assets at attractive prices, according to the Hanoi-based fund management company SGI Capital.
Finance - Tue, July 14, 2026 | 7:55 am GMT+7
S Korea's TLB to expand semiconductor PCB investment in Vietnam with second plant
South Korean printed circuit board (PCB) manufacturer TLB plans to invest about 200 billion won ($134 million) in a second manufacturing plant in the northern Vietnam province of Bac Ninh, aiming to double its effective production capacity to meet growing demand for AI server and next-generation memory module PCBs.
Industries - Mon, July 13, 2026 | 10:17 pm GMT+7
Building an inclusive culture is never finished: Carlsberg Vietnam exec
Carlsberg Vietnam's recognition as one of HR Asia's Best Companies to Work for in Asia 2026 for the fourth consecutive year, together with its first HR Asia Diversity, Equity & Inclusion Award, reflects the company's long-term commitment to building an inclusive workplace where people can grow and thrive.
Executive Talk - Mon, July 13, 2026 | 8:00 pm GMT+7
$1.5 bln airport city project linked to Gia Binh airport gets okayed
Authorities in Vietnam’s northern province of Bac Ninh has approved a nearly VND39.52 trillion ($1.51 billion) urban development project adjacent to the planned Gia Binh International Airport, as authorities move to build a new aviation and logistics hub east of Hanoi.
Infrastructure - Mon, July 13, 2026 | 5:44 pm GMT+7
Hanoi eyes Geleximco as investor for $2.86 bln project to revive polluted Nhue river
Hanoi plans a VND75.12 trillion ($2.86 billion) public-private partnership (PPP) project to rehabilitate the heavily polluted Nhue river, combining flood control upgrades, dredging, and wastewater treatment infrastructure.
Infrastructure - Mon, July 13, 2026 | 5:35 pm GMT+7
Vietnam property developers raise over $2.3 bln through private bond placements in June
Vietnam’s real estate developers accelerated bond issuance via private placement in June, raising more than VND60.66 trillion ($2.31 billion) in a single month, the highest monthly issuance value recorded by the sector so far this year.
Finance - Mon, July 13, 2026 | 3:58 pm GMT+7
Three stock groups to offer strong earnings growth in H2
Vietnam's largest asset manager Dragon Capital expects the country's banking, consumer goods and materials sectors to deliver the strongest earnings growth in the second half of 2026, supported by accelerated public infrastructure spending and government policies aimed at strengthening domestic growth drivers.
Finance - Mon, July 13, 2026 | 1:53 pm GMT+7
Vietnam's garment manufacturers face mounting headwinds
Despite first-half solid business performance by some major manufacturers such as Vinatex and TNG, the Vietnamese textile-garment sector continues to face pressure from weak demand, rising costs and intensifying competition heading into the second half of the year.
Economy - Mon, July 13, 2026 | 12:52 pm GMT+7
HCMC: Apartments nearly sold out, affordable homes still in short supply
Despite the apartment absorption rate exceeding 99% in Ho Chi Minh City, a growing imbalance between high-end supply and demand for affordable homes continues to price many buyers out of the market, said Le Huyen Trang, country head at real estate consultancy JLL Vietnam.
Real Estate - Mon, July 13, 2026 | 10:02 am GMT+7
MUFG eyes investment role in Danang International Financial Center
Japan's financial giant Mitsubishi UFJ Financial Group (MUFG) has expressed interest in joining the Danang International Financial Center as an investor and ecosystem development partner.
Finance - Mon, July 13, 2026 | 8:00 am GMT+7
Capital flows still lag green investment needs in Vietnam: BlackRock Switzerland chair
Vietnam is emerging as an attractive destination for global capital, but investment flows into the country's green transition continue to fall short of financing needs, according to Mirjam Staub-Bisang, chaiwoman of BlackRock Switzerland.
Economy - Sun, July 12, 2026 | 5:57 pm GMT+7
US court dismisses Gilimex’s lawsuit against Amazon, rules Vietnamese firm commits fraud
A U.S. federal court has dismissed with prejudice a lawsuit filed by Vietnamese textile manufacturer Gilimex (HoSE: GIL) against Amazon, ruling that the company submitted forged documents and committed “fraud on the court” during the litigation process.
Companies - Sun, July 12, 2026 | 11:10 am GMT+7
Stocks poised to benefit from Vietnam's carbon market
Vietnam's pilot carbon exchange is expected to create opportunities not only for companies with forest assets, renewable energy projects and environmental technologies, but also for firms that have invested early in emissions management, circular production models and environmental, social and governance (ESG) practices.
Companies - Sun, July 12, 2026 | 8:00 am GMT+7
15 Indian tourists dead after speedboat capsizes off Vietnam's Phu Quoc Island
A tourist speedboat carrying 32 Indian visitors capsized off Phu Quoc Island, a top tourism destination in southern Vietnam, on Saturday, killing 15 people.
Society - Sat, July 11, 2026 | 4:29 pm GMT+7
Thai giant CP's Q1 Vietnam revenue drops 11% on weaker farm business
Vietnam remained the second-largest market for Thailand’s Charoen Pokphand Foods (CPF) in the first quarter of 2026, contributing 18% of the group’s global revenue despite a double-digit plunge in sales.
Companies - Sat, July 11, 2026 | 2:55 pm GMT+7
