Business

Binh Phuoc: over 12 trillion VND invested in solar power

More than 12 trillion VND (514.72 million USD) has been invested in a solar power project in the southern province of Binh Phuoc, said Director of the provincial Department of Planning and Investment Vo Sa.
Binh Phuoc: over 12 trillion VND invested in solar power ảnh 1More than 12 trillion VND (514.72 million USD) has been invested in a solar power project in the southern province of Binh Phuoc (Illustrative photo: VNA)
BinhPhuoc (VNA) – More than 12 trillion VND (514.72 million USD) hasbeen invested in a solar power project in the southern province of Binh Phuoc,said Director of the provincial Department of Planning and Investment Vo Sa.

Thecapital will be divided into three phases with a total designed capacity of upto 800MWp.

The firstphase will be carried out with an investment of 4.92 trillion VND whilst thesecond and third phase with over 7 trillion VND.

Invested by Hung Hai Group, the project has received the Government’spermission to utilise 4,000ha in the province’s Loc Ninh district to developsolar power.

To preparefor the project, Hung Hai Group started the building of a 220kV transmissionline to connect with the national grid upon the project’s completion. The 29kmLoc Ninh – Binh Long 2 line runs through Loc Thanh, Loc Tan, Loc Thien, LocThanh, and Loc Thinh communes in Loc Ninh district, and Thanh Luong commune inBinh Long town.

Accordingto experts, the province holds huge advantage to developsolar power, with an average of 2,700 sunshine hours per year.

Binh Phuoc province is working to transfer over 5,000ha of rubber treeswith poor economic values into land for solar power development.–VNA  
VNA
#Binh Phuoc #southern province #solar power project #220kV transmission line #sunshine hours #vietnamplus #Vietnam News Agency Binh Phuoc
Follow VietnamPlus

Related News

Vietnam urged to reduce coal-fired energy generation

Vietnam urged to reduce coal-fired energy generation

Vietnam has been urged to reduce its use of coal-fired energy and develop renewable energy to proactively respond to climate change and ensure energy security, heard a panel discussion of the Vietnam Economic Forum 2019 in Hanoi on January 17.
Solar plants face a consumption crisis

Solar plants face a consumption crisis

Vietnam’s solar power plants are facing a crisis in consumption of their electricity because there has not been synchronous development of power transmission infrastructure or a suitable operation mechanism.

See more

The exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system. (Photo congly.vn)

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.

Le Son Phong, Deputy Director of the Da Nang Department of Science and Technology, speaks at the press conference announcing the Da Nang Venture and Angel Summit 2026. (Photo: VNA)

Da Nang to host international venture capital forum later this month

Le Son Phong, Deputy Director of the Da Nang Department of Science and Technology, said DAVAS 2026 is not merely an investment-matching event for startups, but also demonstrates the city’s commitment to promoting innovation, developing the knowledge-based economy and creating a favourable environment for technology enterprises and startups.

Visitors explore southern Vietnam's products (Photo: vNA)

Vietnam, Cambodia boost supply chain connectivity

Total two-way trade neared 10.1 billion USD in 2024, up 17.5% year-on-year and jumping to more than 11 billion USD in 2025. Vietnam’s key exports to Cambodia include apparel, iron and steel, petroleum, machinery and equipment, chemicals, and processed food. Its main imports are cashew nuts, rubber, farm produce, and industrial raw materials.

Cao Thanh Dinh, founder and CEO of ANPz Co., Ltd (All Nippon Partners) in Japan (Photo: VNA)

Resolution 68 boosts investor confidence in Vietnam’s long-term outlook

Cao Thanh Dinh, Founder and CEO of ANPz Co., Ltd (All Nippon Partners) in Japan, said that after one year of implementation, Resolution No. 68-NQ/TW of the Politburo on private sector development has sent a positive signal to investors by affirming the private sector as a key driver of sustainable and long-term development.

To promote the local lychee brand, expand consumption markets and enhance the fruit's value, Bac Ninh province is organising various trade promotion activities and experiential tourism programmes during the 2026 lychee season. (Photo: VNA)

Bac Ninh promotes lychee tourism with 36 model orchards

According to the Bac Ninh Centre for Culture and Tourism Promotion, the orchards must comply with VietGAP, GlobalGAP or organic production standards while offering suitable conditions for experiential tourism activities. They are also required to connect with nearby tourist attractions, craft villages and historical sites to form integrated tour routes.

Ha Long-Mong Cai Expressway (Illustrative photo: VNA)

Quang Ninh takes lead in public investment disbursement

As of May 13, the northern province had disbursed more than 5.64 trillion VND (213.9 million USD) in public investment capital, fulfilling 24.2% of its annual target and 54% of its disbursement target of 10.56 trillion VND for the year's first half.

Can Tho, Belarus eye trade, investment opportunities

Can Tho, Belarus eye trade, investment opportunities

Belarusian Consul General in Ho Chi Minh City Alexander Sidoruk said his working visit to Can Tho city exposes ample untapped economic potential. The Belarus side brings strengths in exporting fertilisers, crop protection chemicals, agricultural equipment, and high-tech products, and is interested in importing Vietnamese rice, coffee, rubber, seafood, and dairy products.