Vietnam public security ministry launches probe into 32 renewable energy projects
The Ministry of Public Security's investigative agency has requested state utility Vietnam Electricity (EVN) to provide information and documents related to 32 solar and wind power projects in the country.
The move aims to serve an investigation into the case of abusing positions and power while on duties that occurred at the Ministry of Industry and Trade and several provinces and cities.
The 450-megawatt Trung Nam-Thuan Nam solar power plant in Ninh Thuan province, south-central Vietnam. Photo courtesy of Trungnam Group.
The largest project in the list is the 450-megawatt Trung Nam-Thuan Nam solar power plant, invested by Trung Nam-Thuan Nam Solar Power Company Limited under Trungnam Group, in the south-central province of Ninh Thuan.
Others related to Trungnam Group include the 400-megawatt Ea Nam Dak Lak wind power plant in the Central Highlands province of Dak Lak and the 204-megawatt Trung Nam-Thuan Bac solar power plant in Ninh Thuan province.
Trungnam Group no longer holds control of the Trung Nam-Thuan Bac solar power plant after A Chau Industrial Technology Joint Stock Company (ACIT) acquired a 49% stake of the plant.
A Chau Renewable Energy Investment and Development Company Limited, a subsidiary of ACIT, was recently transferred an additional 18 million shares (or 18% of charter capital) of Trung Nam-Thuan Nam Solar Power Company Limited, the developer of the Trung Nam-Thuan Bac solar power plant project.
Thus, ACIT can record Trung Nam-Thuan Nam Solar Power Company Limited as a subsidiary, and Trungnam Group may lose control of this company.
Tan Hoan Cau Corporation has four wind power projects under investigation, namely Thanh Hai 5 (120 MW), Huong Hiep 1 (30 MW), Huong Linh 1 (30 MW), and Huong Linh 2 (30 MW).
The list also features wind power plants implemented by Gia Lai Electricity JSC (GEG) and its subsidiaries, including Tan Phu Dong 1 (100 MW), Tan Phu Dong 2 (50 MW), Ia Bang 1 (50 MW), and VPL Ben Tre (30 MW). GEG is a company with many connections with Thanh Thanh Cong Group.
EDP Renewables had two projects, namely the Xuan Thien-Thuan Bac solar power plant (256 MW) and the CMX Renewable Eneregy Vietnam wind power plant (168 MW). The first one was acquired by EDP Renewables from Xuan Thien Group.
The list also includes projects from Cao Nguyen 1 Wind Power Development Investment JSC, BB Group, HBRE Group, Tasco Energy, Ecotech Tra Vinh, BIM Energy, Thien Tan, Cuu An Wind Power JSC, and Bac Phuong Energy, among others.
- Related News
- Read More
Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam
Vietnam has allowed the U.S.'s SpaceX to pilot Starlink low-orbit satellite internet service in the country on a pilot basis until January 1, 2031.
Industries - Wed, March 26, 2025 | 5:18 pm GMT+7
Danish toymaker Lego to open $1.3 bln Vietnam plant next month
Denmark's Lego will officially open its factory in VSIP III Industrial Park in Vietnam's southern province of Binh Duong on April 9.
Industries - Wed, March 26, 2025 | 4:18 pm GMT+7
Top Singaporean firms earn high incomes in Vietnam
Singapore is the second-biggest foreign investor in Vietnam, with over $84 billion in registered investment capital as of end-January and many prominent investors raking in high incomes.
Companies - Wed, March 26, 2025 | 3:45 pm GMT+7
Vietnam, Singapore ink significant deals in Hanoi
Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong on Wednesday witnessed the signing of many cooperation deals between agencies and enterprises of the two countries.
Economy - Wed, March 26, 2025 | 2:51 pm GMT+7
Vietnam's major policies are reshaping economic development
Major policies are reshaping Vietnam's approach to economic development, which focuses on science, technology, and private enterprises, said a leader at the Vietnam Chamber of Commerce and Industry (VCCI).
Economy - Wed, March 26, 2025 | 12:11 pm GMT+7
PM okays over $10 bln urban area project in central Vietnam
The over VND260.3 trillion ($10.16 billion) Cam Lam New Urban Area project in the south-central province of Khanh Hoa has received in-principle approval from Prime Minister Pham Minh Chinh.
Real Estate - Wed, March 26, 2025 | 8:58 am GMT+7
S Korea's KIM Fund raises stake in Vietnam's marine transportation firm VIPCO
South Korea’s KIM Fund has increased its stake in Hai Phong city-based Vietnam Petroleum Transport JSC (VIPCO, HoSE: VIP) to 2.73%, making it the latter’s second-largest shareholder.
Companies - Wed, March 26, 2025 | 8:30 am GMT+7
Vietnam, Singapore seek cooperation chances in semiconductor industry
The Vietnam Trade Office in Singapore, in collaboration with the Singapore Semiconductor Industry Association (SSIA), organized a hybrid seminar on Monday to introduce Vietnam's potential, advantages, and development strategies for the semiconductor industry.
Southeast Asia - Tue, March 25, 2025 | 10:55 pm GMT+7
OV intellectuals in UK suggest blueprint for Vietnam’s int’l financial hub ambition
Vietnam can rise as a major international financial centre, both regionally and globally, with a strategic vision that highlights transparency, a skilled workforce, modern infrastructure, robust financial markets, and strong international branding, the Vietnam Intellectual Society in the UK and Ireland (VIS) told visiting Vietnamese Permanent Deputy Prime Minister Nguyen Hoa Binh in a recent meeting.
Southeast Asia - Tue, March 25, 2025 | 10:55 pm GMT+7
Vietnam Deputy PM discusses financial center development with ECB
Vietnam's Standing Deputy Prime Minister Nguyen Hoa Binh on Monday met with representatives of the European Central Bank (ECB) to discuss plans for the establishment of financial centers in Vietnam, as part of his working visit to Germany – the final stop in his European tour.
Southeast Asia - Tue, March 25, 2025 | 10:52 pm GMT+7
Indonesia keeps commitment on energy transition
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto on Monday affirmed that the U.S. decision to pull out of the Just Energy Transition Partnership (JETP) will not impact the other partners' commitment to it.
Southeast Asia - Tue, March 25, 2025 | 10:35 pm GMT+7
Malaysia’s electric vehicle sales surge
Malaysia’s automotive industry is gaining momentum, with electric vehicle (EV) sales soaring over the past two years and continuing to rise in 2025, driven by both domestic and international manufacturers.
Southeast Asia - Tue, March 25, 2025 | 10:23 pm GMT+7
Japan turns to Vietnam, Indonesia to tackle truck driver shortage
Logistics and transportation companies in Japan have begun recruiting foreign nationals as drivers now that their industries qualify for a special employment visa amid a severe labor shortage.
Southeast Asia - Tue, March 25, 2025 | 10:19 pm GMT+7
Malaysia expected to achieve economic growth of 4.5-5.5% in 2025
The Malaysian economy is projected to expand between 4.5% and 5.5% in 2025, underpinned by resilient domestic demand and ongoing investment activity, despite external uncertainties, according to the country’s central bank Bank Negara Malaysia (BNM).
Southeast Asia - Tue, March 25, 2025 | 10:10 pm GMT+7
Singapore’s core inflation falls in Feb
Singapore’s core inflation declined for the fifth straight month in February after falling sharply in January as most spending categories saw smaller year-on-year price increases.
Southeast Asia - Tue, March 25, 2025 | 10:01 pm GMT+7
China’s apparel giant 'unwinds' Texhong Industrial Park expansion in Vietnam
China-headquartered Texhong, among the largest core cotton textile suppliers in the world, will “unwind” the expansion of its Texhong Industrial Park (Texhong Hai Ha Industrial Park) in the northern Vietnam province of Quang Ninh, the firm said on Monday.
Industrial real estate - Tue, March 25, 2025 | 9:28 pm GMT+7
