Vietnamese company joins solar power projects in Laos

The Wealth Power Group of Vietnam has joined two other partners in developing solar power projects in Champasak and Sekong provinces of Laos.
Vietnamese company joins solar power projects in Laos ảnh 1Illustrative image (Photo: AFP/VNA)

Vientiane (VNA) – The Wealth Power Group of Vietnam has joined two other partnersin developing solar power projects in Champasak and Sekong provinces of Laos.

TheVientiane Times reported on September 3 that representatives from Wealth PowerGroup, National Consulting Group Sole Company and Power Company LimitedThepvongsa signed a deal to this effect at a ceremony in Vientiane on September2.

Thesolar power project in Sekong will be built on more than 720 ha in Lamamdistrict at a total investment of 332.3 million USD. The power plant will havea design capacity of 500 MW and an annual electricity output of 739 GWh.

Theproject in Champasak, spreading over 93.1 ha in Khong and Pathoumphonedistricts, has a design capacity of 80 MW and annual output of 123GWh. It hastotal investment of 57.3 million USD.

Thetwo plants, when completed, will supply 10 percent of their electricity outputfor the domestic market and 90 percent will be exported to neighbouringcountries, particularly Vietnam and Myanmar. /.
VNA

See more

Preferential tariff policy aims to support domestic vehicle manufacturers and assemblers, particularly those producing environmentally friendly models. (Illustrative image. Source: VNA)

Auto enterprises to enjoy preferential import tariff policies

The new decree, which took effect on July 8, 2025, revises the minimum production volume criteria for enterprises seeking to benefit from preferential import tariffs on automotive components under the preferential tariff programme. This policy aims to support domestic vehicle manufacturers and assemblers, particularly those producing environmentally friendly models.

The small-sized banking group is forecast to have notable deals in changing the stock exchanges in H2 2025. (Photo: VNA)

Small banks forecast to lead growth in H2

The small-sized banking group is expected to have the strongest growth rate of up to 35% thanks to boosting real estate credit from a low base and starting to accelerate bad debt handling.

Aerial view of cleared land and ongoing demolition at the site of HCM City's Metro Line 2 project. (Photo: thesaigontimes.vn)

Vietnam halts use of German ODA loans for HCM City metro line

The first phase of HCM City's Metro Line No. 2, stretching 11.3km with 10 underground and one elevated station, was approved in 2010 with an estimated cost of 26 trillion VND (994 million USD). That figure was revised to nearly 47.9 trillion VND (1.8 billion USD) in 2019 after delays and cost escalations.

Chairman of the Party Central Committee’s Commission for Policies and Strategies Tran Luu Quang (right) meets with President of AES Vietnam Oliver Marquette on July 9, 2025. (Photo: VNA)

Vietnam pledges support for AES investment in green energy

Tran Luu Quang, Chairman of the Party Central Committee’s Commission for Policies and Strategies, praised AES’s investment performance in Vietnam in recent years and welcomed its long-term commitment, particularly in the field of green and clean energy that supports the country's development and energy transition.

Prime Minister Pham Minh Chinh chairs the third meeting of the steering committee for national key railway projects. (Photo: VNA)

PM urges swift, accountable implementation of key railway projects

As head of the steering committee, PM Chinh reiterated the strategic direction outlined in the 13th National Party Congress, which emphasises the need to continue three strategic breakthroughs, with priority given to railway development and starting work on several sections of the North–South high-speed railway, improving transport connectivity with economic zones, industrial parks, seaports, and airports, and accelerating the pace of urban railway projects in Hanoi and Ho Chi Minh City.