Business

Land contract for VN’s power plant in Laos signed

The Vietnamese developer of the Sekaman 1 hydro-power plant in Laos signed with the Lao authorities in Vientiane on April 7.
The Vietnamese developer of the Sekaman 1 hydro-power plant in Laossigned with the Lao authorities in Vientiane on April 7.

Thecontract, inked by Director of the Sekaman 1 Electricity Company NguyenXuan Hien and Minister-Deputy Chairman of the Lao Land ManagementCommittee Ounl Lasonkang, has a duration of 30 years.

Constructionof the Sekaman 1 hydro-power plant started earlier on Mar. 6 in Attapeuprovince, 75km away from the Central Highlands province of Kon Tumof Vietnam .

With an investment of 441.6 million USD, Sekaman 1is the largest hydro-electric power plant invested by Vietnam inLaos and serves as one of key projects in the two countries’ energycooperation programme.

The BOT plant is designed to have a totalcapacity of 322 MW, forming part of a project which also includes theSekaman Sanxay hydro-power plant. The two are expected to go intooperation after five years of construction, generating a total 1.22billion kWh a year.

Twenty percent of theelectricity generated by three plants will be consumed in Laos whilethe remaining will be sold to Vietnam through a 500kV transmissionline between the two countries.

The same day, theVietnam-Laos Electricity Joint Stock Company submitted its feasibilitystudy on the Sekaman 4 hydro-power plant to the Lao Government.

TheSekaman 4, scheduled to start construction by the end of 2012 will havea capacity of 80 MW. It costs over 127 million USD./.
Follow VietnamPlus

See more

Prime Minister Le Minh Hung (left) receives WTO Director-General Ngozi Okonjo-Iweala in New Delhi, India on September 12 (Photo: VNA)

PM Le Minh Hung calls on WTO to continue support for Vietnam

Vietnam actively and responsibly participates in the WTO’s agenda and supports its coordinating role in promoting inclusive and balanced global trade for peace, cooperation and development, while effectively responding to global challenges, said Prime Minister Le Minh Hung.

Vietnamese Trade Counsellor in India Bui Trung Thuong (Photo: VNA)

Vietnam sees opportunities to deepen engagement with BRICS: Trade Counsellor

Vietnam could deepen cooperation with BRICS through four main areas: expanding trade and market access; attracting and promoting two-way investment; engaging deeper in global supply chains and logistics networks; and advancing cooperation in science-technology, innovation and digital transformation.

Quang Tri province continues to mobilise resources to complete storm shelters and anchorage areas for fishermen. (Photo: VNA)

Quang Tri province mobilises resources for fisheries infrastructure

The provincial People's Committee assigned the Department of Agriculture and Environment to prepare an investment proposal for upgrading and expanding the Con Co storm shelter in Con Co special zone. The project has a total investment of 400 billion VND (15.4 million USD) and is scheduled to be implemented from 2026 to 2028.

A farmer in Tan Phuoc 3 commune, Dong Thap province, harvest pineapples. (Photo: VNA)

Digital transformation ushers Dong Thap agriculture into modern era

The province’s farmers are gradually embracing advances in science and technology and digital transformation, providing an important impetus for the agricultural sector to shift toward modern production in line with Politburo Resolution No. 19-NQ/TW dated June 16, 2022.

Customers shop for handicrafts at a trade fair in Hanoi (Photo: VNA)

Hanoi handicrafts reach 89 international markets

Major export products include rattan and bamboo products, sedge and wickerware, fine wooden furniture and handicrafts, ceramics, lacquerware and textiles. Many craft village products feature diverse designs and good quality, gradually enhancing their competitiveness in both domestic and international markets.

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam and French President Emmanuel Macron witness the exchange of cooperation documents and agreements between the two countries. (Photo: VNA)

Finance Ministry, AFD exchange 48.6 million USD financial cooperation deals

An AFD-funded project in Dien Bien province aims to improve the management and efficient use of water resources and strengthen water regulation between river basins, helping secure water supplies for production and daily life while improving resilience to drought, erosion, flooding and climate change.

The working session between Vietnamese Minister of Industry and Trade Le Manh Hung and Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission (photo: moit.gov.vn)

Vietnamese minister proposes EAEU open market to Vietnamese goods

Minister of Industry and Trade Le Manh Hung asked the EAEU to consider removing several obstacles to bilateral trade, with a focus on eliminating the threshold safeguard measure on Vietnamese textile and garment products and opening the Russian market further to Vietnamese fishery products.

Vice Chairman of the Hanoi People’s Committee hands over investment policy approval for Moscow House project in Hanoi to the Moscow authorities. (Photo published by VNA)

Hanoi, Russian localities step up cooperation in urban railways, technology

Secretary of the Hanoi Party Committee Tran Duc Thang and the delegation held talks with Moscow authorities to review implementation of the 2025-2027 cooperation programme and discuss key priorities for the new period, including urban transport, science and technology, digital transformation, trade and investment, and cultural exchanges.

Vietnamese Ambassador to Mexico Nguyen Van Hai (fourth from right) and others attend the seventh Veracruz International Energy Congress. (Photo: VNA)

Vietnam, Mexico strengthen energy, port cooperation

A number of Mexican state Veracruz businesses expressed their wish to organise a delegation to Vietnam to gain first-hand insights into the market, seek partners and explore investment and business opportunities, initially focusing on trade, energy, agriculture and tourism.