Business

Dak Lak allows 18 investors to build solar power projects

Dak Lak authorities have allowed 18 investors to conduct survey and build solar power projects in the Central Highland province after considering their financial capacity and experience.
Dak Lak allows 18 investors to build solar power projects ảnh 1Dak Lak is located in the area with high solar energy potential of about 95 GWh per year and average solar radiation of 5kWh per square meter a day (Photo: VNA)

Dak Lak (VNA) – Dak Lak authoritieshave allowed 18 investors to conduct survey and build solar power projects inthe Central Highland province after considering their financial capacity andexperience.

The province has defined the locations for the potentialsolar power plants, with a total acreage of nearly 7,500 hectares. 

Most of the facilities will be built in exhaustedland in Ea Sup, Buon Don and Krong Bong districts.

Among the approved investors, Xuan Thien Co.Ltd. based in northern Ninh Binh province plans to build a 2.2 billion USDsolar power plant with a capacity of 2,000 MW, while Long Thanh InvestmentJoint Stock Company will spend over 7 trillion VND (308 million USD) to build a250 MW factory. 

The US power group AES Corporation will investover 16.8 trillion VND (740 million USD) to build a plant with 300-500 MW.

Vietnam dairy company TH True Milk Group wasalso allowed to invest in the field.

Over the past time, Dak Lak has put forth anumber of incentives regarding land lease and corporate tax to attractinvestors as well as reform administrative procedures.

According to the Vietnam Energy Agency and theSpanish Agency for International Development Cooperation, Dak Lak is located inthe area with high solar energy potential of about 95 GWh per year and averagesolar radiation of 5kWh per square meter a day. The most potential regions areEa Sup, Buon Don, Krong Bong and Ea H’leo districts.

At present, Dak Lak is mapping out a solar powerplan through 2020 with a vision to 2030.-VNA
VNA
#Dak Lak #solar power plants #Central Highlands #potential #Vietnamplus #Vietnam News Agency #TH True Milk Group Dak Lak
Follow VietnamPlus

Related News

Vietnam sees boom in renewable energy projects

Vietnam sees boom in renewable energy projects

Vietnam has seen a boom in renewable energy projects, in a bid to meet the nation’s future demands for power, after the Government scrapped plans to build a nuclear power plant in Ninh Thuan province.
Renewable energy projects up in 10 months

Renewable energy projects up in 10 months

An average of nine projects in power generation and distribution were registered every month since June 2017, according to the Vietnam Renewable Energy Report 2018.

See more

Downtown area in Ho Chi Minh City. (Photo: VNA)

Vietnam's golden gateway: FDI poised for gains in 2026

More than just volume, the quality of FDI entering Vietnam has improved. The nation is evolving from a base for basic assembly and processing into a genuine contributor to hi-tech manufacturing and R&D across global value chains.

Deputy Minister of Finance Do Thanh Trung speaks at the ceremony (Photo: VNA)

Project to advance growth, innovation, leadership for enterprises kicks off

AGILE is not only a testament to the long-standing and trusted strategic partnership between Vietnam and Canada, but also an important contribution to the Vietnamese Government’s efforts to promote innovation and sustainable growth within the private sector, thereby effectively mobilising private investment to realise inclusive and sustainable development goal.

At Regza Vietnam Electronics Co., Ltd. in Dong Nai province. (Photo: VNA)

FDI disbursement in January hits five-year high

Economists said that the continued growth in realised FDI reflects foreign investors’ sustained implementation and expansion of production and business activities in Vietnam. This is seen as an encouraging signal, underscoring investors’ confidence in Vietnam’s business environment and economic prospects.

In Q1 2026, Vietnam records 16 export commodities with turnover exceeding 1 billion USD. (Photo: VNA)

Exports face stiff test in bid to hit 550 billion USD

To achieve export growth of over 15% as directed by the Government, the MoIT said it will prioritise a set of core measures in 2026, including expanding production capacity, developing new export products, increasing domestic content and value added, accelerating the shift from processing to manufacturing, and proactively addressing trade barriers and defence measures.

Illustrative photo (Photo: VNA)

January CPI rises on stronger Tet holiday demand

CPI in January 2026 rose 0.05% month-on-month, with urban areas up 0.02% and rural areas up 0.09%. Of the 11 major commodity and service groups, nine recorded price hikes while two saw declines.

Vietnam is currently Cambodia’s third-largest trading partner worldwide, after China and the US, and its largest trading partner within ASEAN. (Photo: Ministry of Industry and Trade)

Party chief’s Cambodia visit to open up new phase of deeper, closer cooperation

To further unlock the potential of bilateral economic and trade cooperation, Vietnam and Cambodia should continue reviewing and effectively implementing signed agreements, facilitating trade and border connectivity, strengthening trade promotion in complementary sectors, reforming administrative procedures, upgrading border and logistics infrastructure, and enhancing coordination in combating smuggling and trade fraud.

Investors monitor stock market movements at the HoSE trading floor. (Photo: VNA)

VNX, FTSE Russell discuss Vietnam market upgrade

During the working session, the two sides shared updates on the performance of Vietnam’s stock market in 2025, focusing on market capitalisation, index trends, developments in the equities, bond and derivatives segments, and the continued expansion of the investor base.

Vietnamese products continue to gain traction at traditional markets and supermarkets across Ho Chi Minh City (Photo: VNA)

Vietnamese goods dominate Tet market in Ho Chi Minh City

Despite still-muted purchasing power, Vietnamese products continue to gain traction at traditional markets and supermarkets across Ho Chi Minh City, as consumers increasingly prioritise locally made goods, from fresh food and fast-moving consumer items to processed products, for their stable quality, reasonable prices and transparent origins.