Indonesia, Japan to partner in Southeast Asia’s largest hydropower plant
Indonesia's Coordinating Ministry for Economic Affairs and the Japanese Ministry of Economy, Trade, and Industry (METI) have signed a letter of intent (LoI) on cooperation in developing the Kayan hydropower plant in North Kalimantan, the largest of its kind in Southeast Asia, with a total investment of $17.8 billion.
Deputy Minister for the Coordination of International Economic Cooperation Edi Prio Pambudi (left) and Deputy Commissioner for International Affairs at the METI Masanori Tsuruda after signing an LoI on cooperation for developing the Kayan hydropower plant in Jakarta. Photo courtesy of Antara.
For Indonesia, the Kayan hydropower plant is not just an infrastructure project within the framework of the Asia Zero Emission Community but also a strategic investment for Indonesia’s energy security and decarbonisation efforts, Deputy Minister for the Coordination of International Economic Cooperation Edi Prio Pambudi said.
He emphasized that as a strategic partner, Japan will help Indonesia implement energy transition projects and achieve net-zero emissions by 2060. Therefore, the Indonesian government has urged Japan to strengthen cooperation in implementing practical, scalable, and inclusive energy transition projects in the country.
Meanwhile, Deputy Commissioner for International Affairs at the METI Masanori Tsuruda said that the LoI on the development of the Kayan hydropower plant needs to be immediately followed up by both governments.
Although the development of the plant is challenging, he is confident that the good bilateral relations between Japan and Indonesia are a strong foundation for the development of this project.
Once completed, the hydropower plant, with a capacity of 9,000 MW, will supply renewable energy to Indonesia's largest green industrial park in Tanah Kuning, North Kalimantan. It will also support Indonesia's target of bringing the share of renewable energy in the national energy mix to 23% by 2025 and 31% by 2050, as a part of its commitment to a sustainable energy future.
- Read More
Masan shares undervalued by 60%: CEO
Masan Group’s MSN shares are trading at a steep discount to intrinsic value and the corporation targets stronger cash generation over the next decade, said CEO Danny Le.
Companies - Sat, April 25, 2026 | 2:33 pm GMT+7
Vietcombank aims to complete private placement in 2026
The chairman of Vietcombank said the state-controlled lender is working with potential investors and is in detailed negotiations, with a view to executing a private placement in 2026, subject to market conditions.
Banking - Sat, April 25, 2026 | 9:35 am GMT+7
PVOIL targets 30% profit hike, expands into aviation fuel and EV charging
PVOIL, a subsidiary of state-owned Petrovietnam, has set a target of stronger profit growth in 2026 as it diversifies beyond traditional fuel retail into aviation fuel and electric vehicle (EV) charging infrastructure.
Companies - Sat, April 25, 2026 | 8:17 am GMT+7
Foxconn accelerates investment in Vietnam, moves toward humanoid robot manufacturing
Taiwan’s Hon Hai Precision Industry (Foxconn), a major Apple supplier, is signaling a deeper expansion in Vietnam as it pushes beyond traditional electronics manufacturing into higher-value automation, including industrial humanoid robots.
Industries - Fri, April 24, 2026 | 6:44 pm GMT+7
Century Synthetic Fiber Corp. targets 38% profit growth, bets on recycled fiber
Century Synthetic Fiber Corporation (HoSE: STK) aims for a 37.7% increase in 2026 pre-tax profit to VND128.5 billion ($4.88 million), driven primarily by its recycled fiber segment and a newly operational plant invested by its subsidiary Unitex.
Companies - Fri, April 24, 2026 | 5:31 pm GMT+7
Vietnam developer TTC Land eyes steady cash flow with sister firm acquisition
Saigon Thuong Tin Real Estate JSC (TTC Land), a subsidiary of multi-sector conglomerate TTC Group, is moving to secure stable, recurring revenue through the acquisition of Thanh Thanh Nam (TTN), another TTC Group member.
Companies - Fri, April 24, 2026 | 3:31 pm GMT+7
Vietnam, S Korea ink 12 deals, nuclear energy tie-up takes center stage
Vietnam and South Korea have signed 12 cooperation agreements spanning security, technology, energy and culture, with nuclear power collaboration a key highlight.
Economy - Fri, April 24, 2026 | 3:01 pm GMT+7
Thai SCG to halt Vietnam petrochemical plant in mid-May over Middle East conflict
Thai conglomerate Siam Cement Group (SCG) will suspend the operations of its Long Son Petrochemicals Complex in southern Vietnam, starting mid-May, as the Middle East conflict weighs on supply chain.
Energy - Fri, April 24, 2026 | 12:02 pm GMT+7
Vietnam licenses 10th wholly foreign bank after 9-year hiatus
Vietnam has allowed Industrial Bank of Korea (IBK) to establish a wholly foreign-owned, locally incorporated bank - the first such a license in nine years.
Banking - Fri, April 24, 2026 | 9:38 am GMT+7
Vissan falls short of public company criteria over concentrated ownership
Vietnam's leading meat producer Vissan has acknowledged that it fails to meet the requirements to qualify as a public company, citing its current shareholder structure and the absence of a divestment roadmap from state authorities.
Companies - Fri, April 24, 2026 | 8:17 am GMT+7
China's Su Shang seeks infras investment opportunities in northern Vietnam industrial hub
Su Shang Construction Group, a major Chinese infrastructure developer, is exploring investment opportunities in Bac Ninh as the northern Vietnam province steps up efforts to expand its transport and urban infrastructure network.
Infrastructure - Thu, April 23, 2026 | 9:09 pm GMT+7
Vietnam's leading broker SSI posts Q1 profit of $61 mln, trims equity exposure
SSI Securities Corporation reported a Q1 pre-tax profit of over VND1.59 trillion ($60.5 million), as the brokerage scaled back equity investments and margin lending amid volatile markets and rising interest rates.
Companies - Thu, April 23, 2026 | 5:33 pm GMT+7
Vietnam’s housing market posts 2.5-fold rise in new supply, enters selective recovery in Q1
Vietnam’s real estate market showed signs of recovery in the first quarter of 2026, with supply rebounding strongly and demand remaining resilient, even as high prices and cautious sentiment continued to shape buyer behavior.
Real Estate - Thu, April 23, 2026 | 4:30 pm GMT+7
Danang city approves Thaco Group unit to study urban railway project under PPP model
Central Vietnam hub Danang has approved a unit of Truong Hai Group (Thaco) to study investment in a proposed urban railway project under a public-private partnership (PPP) model, the city government said.
Infrastructure - Thu, April 23, 2026 | 3:01 pm GMT+7
VPBank CEO defends higher bad debt as trade-off for growth
Vietnam’s private lender VPBank is willing to tolerate a higher bad debt ratio as a trade-off for growth, reflecting its distinct business model and focus on higher-yield segments, its CEO said.
Banking - Thu, April 23, 2026 | 2:13 pm GMT+7
Diversifying export markets ‘golden key’ for Vietnamese firms: CEO
Expanding into alternative export markets such as India and the Middle East could prove a “golden key” for Vietnamese businesses, as demand in these regions remains strong and entry requirements are less stringent than in the U.S., according to Nguyen Tuan Viet, CEO of Vietgo, an im-export consultancy company.
Economy - Thu, April 23, 2026 | 11:39 am GMT+7
