Petrovietnam targets 2027 operation for Long Phu 1 thermal power plant

With a designed capacity of 1,200 MW, once operational, the Long Phu 1 Thermal Power Plant will contribute approximately 7 billion kWh of electricity annually to the national grid.

Petrovietnam Chairman Le Manh Hung inspects construction progress at the Long Phu 1 Thermal Power Plant project site. (Photo: Petrovietnam)
Petrovietnam Chairman Le Manh Hung inspects construction progress at the Long Phu 1 Thermal Power Plant project site. (Photo: Petrovietnam)

Hanoi (VNA) – Vietnam National Industry - Energy Group (Petrovietnam) is implementing drastic and synchronised measures to ensure that the Long Phu 1 Thermal Power Plant project will be completed and put into operation in 2027, with Unit 1 scheduled for commissioning in the second quarter and Unit 2 in the third quarter of the year.

At a recent working session with the Long Phu 1 Petroleum Power Project Management Board, Petrovietnam Chairman Le Manh Hung reaffirmed the goal of bringing the project into operation as planned, stressing the need for determination and consistency in execution.

According to the Management Board, bidding documents have been issued and direct negotiations completed for 27 out of 36 bidding packages, several of which have been finalised. The board is currently focusing on the turbine and generator procurement package (STG package), a key component of the project.

To date, seven packages, including one consultancy and six construction or combined contracts, have been signed and are being implemented on site, with around 500 workers directly involved. Contractors are adhering closely to their schedules, while the Management Board holds weekly and monthly meetings to promptly address any obstacles or emerging issues.

Construction progress has surpassed expectations, with boiler installation reaching 20.7%, 3.41% ahead of schedule. The project team is installing economiser tube assemblies for both boilers and completing the operation platform for Boiler No. 2. The Management Board is also working closely with PetroVietnam Technical Services Corporation (PTSC) to swiftly resolve design and material-related issues, keeping the project on track.

Project Director Ha Dinh Nien said that, barring major cost fluctuations in bidding packages, the project is expected to meet its completion timeline and management objectives. To ensure timely supply of equipment and materials from early 2026, the Management Board has requested continued support from Petrovietnam, particularly in facilitating coordination with the leadership of General Electric (GE) in the US.

To speed up progress and address challenges, Chairman Hung instructed the Management Board to review and enhance project governance, strengthen risk management, and focus on resolving key issues to protect the project’s critical path.

He also emphasised the need for tighter supervision of signed contracts, experience sharing for subsequent tenders, alignment of procurement schedules with the adjusted master plan, and enhanced control of safety, health, and environmental management.

He requested that the consortium of PTSC and PETROCONs closely coordinate with the Management Board to remove bottlenecks and ensure overall project progress.

With a designed capacity of 1,200 MW, once operational, the Long Phu 1 Thermal Power Plant will contribute approximately 7 billion kWh of electricity annually to the national grid. Under Decision No. 262/QD-TTg dated April 1, 2024, approving the implementation plan of Power Development Plan VIII, the project is scheduled for completion in 2027.

Upon completion, the Long Phu 1 plant will play a crucial role in meeting national power demand, supporting socio-economic development in Soc Trang province and the wider Mekong Delta region, and contributing to national energy security. This aligns with the Prime Minister’s direction on ensuring stable electricity supply for production, business, and daily life, serving the country’s sustainable economic growth./.

VNA

See more

Reference exchange rate rises (Photo: VNA)

Reference exchange rate going up

The State Bank of Vietnam set the daily reference exchange rate at 25,151 VND/USD on December 18, up 5 VND from the previous day.

Vice Chairman of the People’s Committee of Quang Ninh province Nguyen Van Cong chairs the meeting regarding sustainable marine aquaculture development for 2026 (Photo: baoquangninh.vn)

Quang Ninh eyes sustainable marine aquaculture development

Speaking at a December 17 meeting regarding sustainable marine aquaculture development for 2026, Vice Chairman of the People’s Committee of Quang Ninh province Nguyen Van Cong urged the provincial Department of Agriculture and Environment to urgently finalise the draft plan, which will serve as a basis for focusing on the development of marine aquaculture in the coming period; and take the lead in coordinating with localities to review and adjust the planning of marine aquaculture areas, with an emphasis on encouraging the efficient use of marine areas suitable for aquaculture, in line with environmental impact assessments.

Mirela Janice Eidt, head of the Office of Brazilian Ministry of Agriculture and Livestock (MAPA), speaks at the event (Photo: Vietnamese Embassy in Brazil)

Vietnam, Brazil enhance smart agriculture ties

Amid escalating global pressures, including climate change, resource scarcity and tougher standards on food safety, traceability and low-carbon production, smart agriculture and sustainable value chains are no longer optional but inevitable. With both Vietnam and Brazil prioritising this development path, they see strong potential for deeper long-term strategic collaboration.

Contractors paving asphalt along the 61.7km Quy Nhơn–Chí Thạnh Expressway, crossing Gia Lai and Đắk Lắk provinces.(Photo: VNA)

Vietnam targets 5,000km of expressway by 2030

According to the Ministry of Construction, Vietnam brought just 89km of expressways into operation between 2001 and 2010, followed by 1,163km in the 2011–20 period. By contrast, the length of expressways invested in since 2021 alone is equivalent to the combined total of the previous decade.

Thousands of perfumes and cosmetic products of unknown origin are seized by Hanoi's authorities (Photo: VNA)

Vietnam cracks down on 23,000 market violations in 2025

The Ministry of Industry and Trade's Domestic Markets Department reported that market management forces conducted 27,540 inspections throughout 2025, detecting violations worth nearly 290 billion VND – a 31.8% decrease from 2024.

The upcoming Made-in-Vietnam fair in Hanoi from December 18-22 will feature product display areas, business networking spaces, and food courts. Illustrative photo: VNA)

Vietnam Brand Week to promote e-commerce, Made-in-Vietnam products

Co-organised by the Vietnam E-Commerce and Digital Economy Agency and the Hanoi Department of Industry and Trade, the event series includes a supply-demand connectivity conference to promote the consumption of Vietnamese and local products on e-commerce and digital platforms, alongside a Made-in-Vietnam fair.

Cat Lo Fishing Port in Phuoc Thang ward, Ho Chi Minh City. (Photo: VNA)

HCM City earmarks over 2.54 million USD for fisheries transition

The project targets the conversion of around 6% of the city’s fishing fleet, focusing on nearshore and inshore vessels and part of the offshore trawler fleet, towards fishing methods with lower environmental impact, including hook-and-line, gillnets, purse seines, traps and cages, as well as fisheries logistics services.

LS Eco Energy factory (Photo: Iscns.co.kr)

RoK company expands rare earth metal production in Vietnam

LS Eco Energy, a company specialising in renewable energy and rare earth elements under the Republic of Korea (RoK)'s LS Cable & System, has approved a plan to expand its rare earth metal business in Vietnam, in a bid to seek long-term growth in the strategic materials sector.

Prime Minister Pham Minh Chinh speaks at the fourth meeting of the Central Steering Committee for Housing Policy and Real Estate Market on December 17. (Photo: VNA)

PM calls for stronger efforts to meet housing demand, ensure people's right to housing

PM Chinh noted that the real estate and housing market showed positive changes in 2025. With the engagement of the entire political system and society, Vietnam completed the elimination of temporary and dilapidated housing nationwide with more than 334,000 units, five years ahead of schedule. Nonetheless, continued efforts are needed to ensure no one is left without shelter.

Officers of the Hon Gai port border gate guard station coordinate inspections and handle vessels engaged in illegal fishing activities in Ha Long Bay. (Photo: Quang Ninh Newspaper)

Quang Ninh province strengthens fishing vessel controls

In the coming period, Quang Ninh will continue to implement government and ministerial directives on combating IUU fishing, contributing to efforts to meet the EC’s recommendations and move toward the lifting of the yellow card warning against Vietnam’s seafood exports.

The draft is designed to implement a plan to simplify business regulations for banks, in line with the Government's Resolution No. 66/NQ-CP. (Photo: VNA)

SBV plans to simplify business regulations for banks

Under a draft circular to replace Circular 32/2024/TT-NHNN, now open for public comment, many administrative procedures for establishing and relocating commercial bank branches and transaction offices will be significantly shortened.