Business

PM attends ground-breaking ceremony for two major projects in Hai Phong city

PM Chinh said the projects align with Vietnam’s national development strategy to restructure the economy and renew its growth model for rapid and sustainable progress.

PM Pham Minh Chinh speaks at the ground-breaking ceremony. (Photo: VNA)
PM Pham Minh Chinh speaks at the ground-breaking ceremony. (Photo: VNA)

Hai Phong (VNA) - Prime Minister Pham Minh Chinh attended the ground-breaking ceremony for Tan Trao Industrial Park (IP) infrastructure development project (first phase) and Hai Phong liquefied natural gas (LNG)-fueled thermal power plant in the northern port city of Hai Phong on September 26, two flagship projects celebrating the first municipal Party Congress for the 2025-2030 tenure.

In his speech, PM Chinh said the projects align with Vietnam’s national development strategy to restructure the economy and renew its growth model for rapid and sustainable progress.

The Tan Trao IP is expected to selectively attract hi-tech projects, with investors required to transfer technology, train local workers, and share management expertise. The Hai Phong LNG-fired thermal power plant, meanwhile, is designed as a showcase of green development.

The government leader asked ministries and agencies to streamline legal procedures to support Hai Phong and investors, while the city was urged to expedite land clearance, administrative processes, and necessary infrastructure development to ensure the projects go ahead on schedule.

The Tan Trao IP, developed by Vinhomes Hai Phong Industrial Zone Investment JSC, covers nearly 227 ha in Kien Hung and Nghi Duong communes in its first phase, with a total investment topping 4 trillion VND (153.8 million USD). Set for completion over five years, the IP aims to become a new growth engine, boost local investment appeal and serve as a model for Vietnam’s industrial hubs.

hu.jpg
At the ground-breaking ceremony (Photo: VNA)

Once completed, it is expected to woo investments in advanced industries, including electrical and electronic manufacturing, telecoms, pharmaceuticals, supporting industries, new materials, clean and renewable energy. The park is projected to employ tens of thousands of skilled workers from Vietnam and abroad.

The Hai Phong LNG-fueled thermal power plant, located within the Tan Trao IP, is a joint venture between Vingroup JSC and VinEnergo Energy JSC, covering nearly 100 ha with a total investment of over 178 trillion VND (6.74 billion USD).

Designed with a 4,800 MW capacity, including 1,600 MW in the first phase and 3,200 MW in the second, the plant is slated to begin operations in late 2030. It will generate about 9.6 billion kWh annually in its first phase and 19.2 billion kWh in the second stage, positioning it as Vietnam’s largest thermal power plant and one of the world’s leading LNG-to-power establishments./.

VNA
#Tan Trao Industrial Park #northern port city of Hai Phong Hai Phong
Follow VietnamPlus

Post-pandemic recovery

Related News

Stephen L. Green, Commercial Counsellor at the US Embassy in Vietnam, speaks at the workshop. (Photo: VNA)

Hai Phong port looks to global trends with strategic development plan

From 2025 to 2030, Hai Phong aims to complete the development of international gateway ports at Lach Huyen and Nam Do Son, capable of receiving large container vessels. Plans also include logistics hubs and inland ports linked to road, rail and air networks; a free trade zone connected to seaports; digital transformation and AI applications in management; and the development of green and smart ports.

National Power Transmission Corporation leaders, representatives of Nguyen Du commune and other delegates at the project's groundbreaking ceremony. (Photo: VNA)

500kV Hai Phong – Thai Binh transmission line project breaks ground

The project consists of two new 500kV circuits with a total length of 38.3km. Once completed, the line will ensure full and reliable transmission capacity to the Hai Phong 500kV substation, meet the growing power demand of Hai Phong city, Hung Yen province, and nearby localities under the N-1 reliability criterion, improve voltage quality, reduce technical losses, and enhance the connectivity and operational flexibility of the northern 500kV transmission grid.

See more

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.

Illustrative image (Photo: VNA)

Vietnam consolidates position as one of Asia’s economic bright spots

Next year, Vietnam is expected not only to maintain a high growth rate relative to the region but also to further reinforce its status as one of Asia’s economic bright spots thanks to macroeconomic stability, a dynamic domestic market, and a clear orientation towards attracting strategic investments.

Many vessels have installed additional vessel monitoring systems to ensure uninterrupted information connectivity with shore-based stations during fishing trips. (Photo: VNA)

Decisive moment of fight against IUU fishing violations

Under the close direction of the Prime Minister, coastal localities nationwide, particularly in central Vietnam, are urgently implementing assigned tasks with clear schedules and milestones, delivering tangible weekly progress.

Prime Minister Pham Minh Chinh speaks at the 26th meeting of the National Steering Committee for Combating Illegal, Unreported and Unregulated (IUU) Fishing. (Photo: VNA)

Local leaders must be held accountable for IUU fishing violations: PM

PM Chinh requested the Government Inspectorate to promptly identify localities that lack determination or fail to handle violations thoroughly, including cases where vessels not meeting legal requirements are still allowed to leave ports, and to clarify responsibilities and impose sanctions without delay.