Construction of key thermal power plant begins

The O Mon 4 Thermal Power Plant will bring Petrovietnam’s total installed capacity to over 9,3000 MW, accounting for around 10% of the country’s total power capacity. Once completed, the plan will provide clean and stable power to the national grid and contribute to promoting the economic growth.

The EPC contract signing ceremony for O Mon 4 thermal power plant project. (Photo: baochinhphu.vn)
The EPC contract signing ceremony for O Mon 4 thermal power plant project. (Photo: baochinhphu.vn)

Hanoi (VNA) – The Vietnam National Industry-Energy Group (Petrovietnam) on June 6 signed an engineering procurement and construction (EPC) contract for the O Mon 4 thermal power plant, marking a significant step in the development of the flagship gas-to-power Block B – O Mon project.

The EPC contract was signed with joint venture between the Republic of Korea (RoK)’s Doosan Enerbility Co., Ltd and Vietnam’s Power Engineering Consulting Joint Stock Company 2.

Located in the Mekong Delta city of Can Tho, the project plays a strategic role in securing energy supply and accelerating the transition toward clean energy.

The plant will use combined cycle gas turbine (CCGT) technology with a designed capacity of 1,155 MW and is expected to go operational in December 2028.

The O Mon 4 Thermal Power Plant will bring Petrovietnam’s total installed capacity to over 9,3000 MW, accounting for around 10% of the country’s total power capacity. Once completed, the plan will provide clean and stable power to the national grid and contribute to promoting the economic growth.

The Block B – O Mon project includes offshore gas extraction at Block B, gas pipeline and thermal power complex in the Mekong Delta, including O Mon 4 seen as a important downstream component. The project faced delays for nearly two decades.

In 2023, the Prime Minister assigned Petrovietnam to lead the O Mon 3 and O Mon 4 thermal power plants to synchronise the construction of downstream infrastructure with upstream gas supply. /.

VNA

See more

Cao Xuan Thang, Trade Counsellor and Head of the Vietnam Trade Office in Singapore, speaks at the festival (Photo: VNA)

Singapore trade event helps Vietnamese enterprises boost exports

The Vietnam Fruit and Vegetable Festival 2025 was held in Singapore on July 18 as a meaningful trade promotion event that strengthens bilateral economic, trade, and investment ties and helps realise the economic cooperation contents of the Vietnam–Singapore Comprehensive Strategic Partnership.

Vietnamese Ambassador to Laos Nguyen Minh Tam addresses the seminar (Photo: VNA)

Vietnam, Laos hold cross-border e-commerce seminar in Vientiane

Representatives from Vietnam and Laos emphasised the essential role of digital platforms, which are seen as the backbone of the e-commerce ecosystem. They also highlighted the significance of infrastructure in facilitating the smooth transport of goods between the two countries.

Sock production line for export at SUNJIN AT&C VINA Co., Ltd., Chan May - Lang Co economic zone, Hue city. (Photo: VNA)

Transparent business environment appealing to foreign investors

During the first half of 2025, the total registered FDI reached 21.51 billion USD, up 32.6% year-over-year. This includes 9.3 billion USD in new investments, down 9.6%; 8.95 billion USD in additional capital for existing projects, a 2.2-fold increase; and 3.28 billion USD through capital contributions and share purchases, up 73.6%.

Deputy Minister of Science and Technology Pham Duc Long meets with Google’s Vice President for Emerging Markets Doron Avni in Hanoi on July 17. ( VGP Photo)

MoST partners with Google to explore digital transformation, AI, SMEs

The two sides agreed to establish a joint task force to formalise their collaboration, with a strong focus on quantum technology, a strategic frontier of the digital age, and AI-powered solutions to help Vietnamese SMEs enhance their competitiveness and modernise their operations.

VBAB Chairman Nguyen Thanh Vinh (left) meets with a Belgium business representative. (Photo: VNA)

Business network helps connect Vietnam with Belgium, EU markets

As Vietnam accelerates green and digital transition, the Vietnam Business Association in Belgium (VBAB) is prioritising connections with capable Belgian partners in clean energy, particularly hydrogen and renewable energy, and smart seaport planning.

Kim Long Motor's passenger bus assembly line. (Photo of Kim Long Motor)

Kim Long Motor Hue multiplies investment sixfold

The company’s decision to inject an additional 21 trillion VND (804 million USD) into the project not only reflects its ambition to scale up operations but also signals a strategic shift towards exports and integration into global supply chains.

Hanoi’s key industries given priority to drive growth

Hanoi’s key industries given priority to drive growth

Hanoi is implementing a series of breakthrough plans, ranging from attracting investment and developing high-tech products to facilitating businesses’ global expansion, with a goal of transforming it into the country’s leading hub for key industries and supporting industries.

At the signing ceremony for the partnership between Becamex Binh Duong and IFC in HCM City on July 16, 2025.

Becamex, IFC advance green industrial park model in Vietnam

Under the cooperation agreement signed on July 16, the International Finance Corporation (IFC) will support Becamex IDC in conducting preliminary assessments for up to five industrial parks using the Global Eco-Industrial Parks Programme (GEIPP) certification framework.

The seminar on strengthening banking risk management capacity. (Photo: VNA)

Central bank to assess compliance of banks in risk management

The SBV has so far issued a system of documents guiding the implementation of Basel, such as Circular 41/2016/TT-NHNN regulating the capital adequacy ratio for banks and foreign bank branches and Circular 13/2018/TT-NHNN regulating the internal control system of commercial banks and foreign bank branches. MB highly appreciates the SBV’s system of legal documents.