Business

EVN launches major power projects

Among the flagship projects inaugurated was the expanded Hoa Binh Hydropower Plant with a total installed capacity of 480MW per year and average annual output of about 488 million kWh.

The expanded Hoa Binh Hydropower Plant (Photo baochinhphu.vn)
The expanded Hoa Binh Hydropower Plant (Photo baochinhphu.vn)

Hanoi (VNS/VNA) – Vietnam Electricity (EVN) on December 19 launched and inaugurated a series of major power projects in a coordinated nationwide infrastructure push to welcome the upcoming 14th National Party Congress.

These projects span hydropower, wind and solar generation as well as power transmission.

Among the flagship projects inaugurated was the expanded Hoa Binh Hydropower Plant with a total installed capacity of 480MW per year and average annual output of about 488 million kWh.

Worth more than 9.2 trillion VND (350 million USD), the expanded project raises the combined capacity of the Hoa Binh hydropower complex to 2,400MW.

EVN also inaugurated the 4.9 trillion VND project supplying electricity from the national grid to Con Dao special zone. The 110-kV transmission project, stretching 103.7km including an undersea section, helps ensure stable power supply for the island and end its reliance on diesel generation.

In Khanh Hoa province, EVN inaugurated Phuoc Thai 2 solar power plant, with a capacity of 87.5MW (100MWp) and total investment of 1.5 trillion VND. The plant is expected to generate nearly 169 million kWh annually and contribute to the expansion of clean energy supply.

In addition, EVN broke ground on two wind power projects, including the Huong Phung 1 wind farm in Quang Trị province, with a capacity of 30MW and investment of about 1.13 trillion VND, and phase two of the Cong Hai 1 wind project in Khanh Hoa province, with a capacity of 25MW and investment of nearly 940 billion VND.

Both wind projects are scheduled for commercial operation in the fourth quarter of 2026 and are expected to add more than 160 million kWh of renewable electricity annually to the national grid.

EVN said the coordinated launch of energy projects underscores Vietnam’s efforts to strengthen energy security, diversify power sources and accelerate its transition toward cleaner and more sustainable energy./.

VNA
#Vietnam Electricity #EVN #Hoa Binh Hydropower Plant #solar power #wind power
Follow VietnamPlus

Related News

A perspective view of the Red River Landscape Boulevard project in Hanoi (Photo: VNA)

Works starts on Hanoi’s Red River Landscape Boulevard Axis project

The project is among the 234 key works and projects being launched, inaugurated or technically opened simultaneously across 34 cities and provinces nationwide to mark the 14th National Party Congress. Its launch contributes to implementing the country’s strategic development orientations while concretising Hanoi’s development goals in the new period.

See more

Vu Thi Thuy, Deputy Consul General and Head of the Vietnam Trade Office in Hong Kong Special Administrative Region (China). (Photo: VNA)

Hong Kong experience offers insights for Vietnam–Hong Kong trade cooperation

At this year’s Spring Fair, the Vietnam Trade Office in Hong Kong facilitated the participation of several Hong Kong enterprises in Vietnam to conduct market surveys, seek import sources and showcase their products. Notably, a company under the Hong Kong Productivity Council presented technological solutions for smart homes and smart manufacturing at the event.

People shop for Tet at a supermarket. (Photo: VNA)

Vietnamese goods dominate Tet market in Mekong Delta

In key retail hubs such as Can Tho, Long Xuyen and My Tho, high-quality Vietnamese goods account for 85–90% of Tet market share. Surveys at major supermarket chains and traditional markets show that consumers this year are prioritising locally-processed foods, confectionery and beverages.

Prime Minister Pham Minh Chinh strikes the gong to inaugurate the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

Int’l Financial Centre – A catalyst for Vietnam’s economic breakthrough: Deputy PM

Standing Deputy Prime Minister Nguyen Hoa Binh, who chairs the IFC’s Governing Council, said that the establishment of the centre in Ho Chi Minh City and Da Nang represented the initial realisation of a major task set out in the Resolution of the 13th National Party Congress. While characterising the launch as an early milestone rather than a final achievement, he underscored that it reflected meticulous, methodical and determined preparations at multiple levels of government.

Kobayashi Yosuke, Chief Representative of JICA Vietnam. (Photo: JICA Vietnam)

JICA hails milestones in Vietnam partnership amid green, digital push

In line with Vietnam’s development priorities and its goal of becoming a high-income country by 2045, JICA will continue to work with a wide range of partners in both Vietnam and Japan to mobilise technical and financial resources for more sustainable and inclusive cooperation

Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT 2026) is expected to expand its scale by 20% compared to last year's edition. (Photo: bnews.vn)

Int’l trade fair for apparel, textiles, textile technologies to open in Ho Chi Minh City

According to Vietrade, VIATT 2026 aims to promote the development of Vietnam’s textile and garment industry by enhancing production technologies, strengthening sustainability, and expanding technical textile segments. The event is expected to create opportunities for international businesses to tap into the growth potential of Vietnam and ASEAN, while enabling domestic enterprises to connect more effectively with global buyers.

Participants at a conference on digital assets in Hanoi on December 10. (Photo: VNA)

Finance ministry seeks public feedback on minimal tax on digital assets

Under the draft, the transfer and trading of crypto assets would not be subject to value-added tax. Individual investors, regardless of residency status, would be required to pay personal income tax at a rate of 0.1% on the gross value of each transfer. This approach mirrors the current tax method applied to securities transactions.

Steel products of Hoa Phat Group. (Photo: VNA)

Vietnam aims to meet 80–85% of domestic steel demand by 2030

Vietnam aims to meet 80–85% of domestic steel demand by 2030. Crude steel production is targeted at 25–26 million tonnes per year, with annual growth of 7–8%, while finished steel output is expected to reach 32–33 million tonnes per year, growing by 5.5–6.5% annually. Per capita steel consumption is projected at 270–280 kg per year.

One of the products granted Halal certification in 2026. (Photo: moit.gov.vn)

Spring Fair 2026 boosts momentum for Vietnam’s Halal sector

The fair’s greatest value for Halal products lies less in immediate revenue than in building trust and standardising business practices. In a market where certification determines entry, it highlights that expansion must begin with fundamentals, standards, raw materials, production processes and readiness.

Prime Minister Pham Minh Chinh speaks at the fifth meeting of the Steering Committee for Nuclear Power Plant Construction. (Photo: VNA)

PM calls for more vigorous implementation of nuclear power projects

Describing nuclear power plants as nationally significant, strategic projects with a century-long vision, PM Chinh called for urgent and responsible implementation of tasks within assigned authority, with any outstanding issues promptly reported to higher authorities.