Gia Lai (VNA) – The People’s Committee of central Gia Lai province has approved the VINENERGO Energy Joint Stock Company, a member of Vingroup, as the investor for Phase 1 of the Hon Trau wind power plant project, with total investment capital of nearly 48.4 trillion VND (over 1.86 billion USD).
The Gia Lai Department of Finance’s Investment Promotion Centre said that in a decision signed on February 3, 2026, the provincial People's Committee approved results of the investor selection process for the project. VINENERGO was the only company to meet all the requirements.
Phase 1 of the Hon Trau wind power plant is designed to have a total installed capacity of 750 MW, with an estimated annual electricity output of around 2.8 billion kWh. The project will connect to the national power grid at the 220kV voltage level.
Under the approved plan, the project’s grid connection includes a double-circuit 220 kV transmission line from the Hon Trau 1 220kV substation (the HT 1A area) to the Phu My 220kV substation, and a new double-circuit 220kV line from the Hon Trau 1 220kV substation (the HT 1B area) to the Nhon Hoi 220kV substation.
Wind turbines will be installed in two main areas. In HT 1A, turbines will be located in the waters off the coast of former Phu My district (now Phu My Bac and Phu My Dong communes) while the substations and transmission lines will be built on land in the communes of Phu My Dong, Phu My Bac, Phu My Tay, and Binh Duong.
In HT 1B, turbines will be installed off former Phu Cat district (Cat Tien commune), with the associated substations and transmission lines located within the Nhon Hoi Economic Zone in Ngo May, Cat Tien, Tuy Phuoc Dong communes and Quy Nhon Dong wards.
The project will cover about 32.01 ha of sea surface and approximately 17.61 ha of land.
Provincial leaders said the project will supply clean electricity from renewable sources to the national power system, contributing to national energy security and meeting power demand for socio-economic development. It is also expected to generate budget revenues, create jobs, boost industrial output and serve as a growth driver, supporting the province’s ambition to achieve double-digit economic growth in the coming period.
The Hon Trau wind power plant is scheduled to be completed and put into operation no later than the fourth quarter of 2029./.
See more
Newly established businesses soar 126.8% in January
The total number of newly established and reactivated firms stood at 48,700 last month, a year-on-year increase of 45.6%.
PM outlines key tasks, solutions for monetary, fiscal policy management in 2026
Prime Minister Pham Minh Chinh on February 8 signed Official Dispatch No. 12/CD-TTg outlining key tasks and solutions for the management of monetary and fiscal policies in 2026.
Reference exchange rate slightly drops at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 25,063 VND/USD on February 9, down 2 VND from the last working day of the previous week.
“Vietnamese Goods Day” promotes agricultural products in Germany
Vietnamese Ambassador to Germany Nguyen Dac Thanh said the event, held close to Vietnam’s Lunar New Year, helped promote Vietnamese tropical fruits while introducing Vietnamese cultural values to German consumers, and creating opportunities for Vietnamese businesses to connect directly with German importers.
Foreign trade at heart of Vietnam’s growth challenge in new phase
Vietnam’s export–import activities are facing both heightened expectations and structural challenges as the country enters a new development phase marked by ambitious growth targets and an increasingly volatile global environment.
Spring Fair 2026 attracts interest from JETRO Hanoi, Chinese partners
At the booth of Hue city, the JETRO delegation expressed strong interest in and high evaluation for traditional handicrafts reflecting the local distinctive cultural identity.
Deputy PM calls for stronger communication efforts to attract visitors to Spring Fair 2026
As of February 5, the fair had attracted around 100,000 visitors, generating approximately 9 billion VND (over 346,800 USD) in daily revenue.
Vietnam looks to shape quality cocoa brand on global map
Rather than competing on output, Vietnam has a clear opportunity to pursue a high-value strategy centred on quality, branding and regional identity.
Ministry proposes adjustments to energy planning to support double-digit growth
The Ministry of Industry and Trade said the nation has raised its economic growth target to double-digit expansion during 2026–30, altering energy demand projections and requiring revisions to the national energy plan to safeguard the economy’s energy supply.
Vietnamese businesses seek opportunities to expand markets at Fruit Logistica 2026
Vietnamese enterprises are focusing on consolidating existing export markets while seeking new partners and expanding their presence in Europe at this year’s edition. Nguyen Thanh Binh, Chairman of the Vinafruit, told the Vietnam News Agency correspondents in Germany.
Vietnam's golden gateway: FDI poised for gains in 2026
More than just volume, the quality of FDI entering Vietnam has improved. The nation is evolving from a base for basic assembly and processing into a genuine contributor to hi-tech manufacturing and R&D across global value chains.
Vietnam posts 39% surge in trade turnover in January
The US remained the largest importer of Vietnamese goods with a turnover of 13.9 billion USD, while China was its biggest import market, recording 19 billion USD.
Project to advance growth, innovation, leadership for enterprises kicks off
AGILE is not only a testament to the long-standing and trusted strategic partnership between Vietnam and Canada, but also an important contribution to the Vietnamese Government’s efforts to promote innovation and sustainable growth within the private sector, thereby effectively mobilising private investment to realise inclusive and sustainable development goal.
FDI disbursement in January hits five-year high
Economists said that the continued growth in realised FDI reflects foreign investors’ sustained implementation and expansion of production and business activities in Vietnam. This is seen as an encouraging signal, underscoring investors’ confidence in Vietnam’s business environment and economic prospects.
Exports face stiff test in bid to hit 550 billion USD
To achieve export growth of over 15% as directed by the Government, the MoIT said it will prioritise a set of core measures in 2026, including expanding production capacity, developing new export products, increasing domestic content and value added, accelerating the shift from processing to manufacturing, and proactively addressing trade barriers and defence measures.
AgriS and Farmacist Partner to Advance Australia-ASEAN Precision Agriculture Network
This is a pivotal step in AgriS’s science-based development strategy, aiming to standardize international agronomic knowledge and commercialize precision farming technology in the Southeast Asian market.
UK-based expert: Right strategy could make Vietnam crucial link in Asian finance network
Vietnam’s strategy to develop international finance ecosystem, coupled with its push for greater economic openness, sends a compelling signal of deepening global economic integration and paves the way for international capital flows in the years ahead.
Industrial production rises for 7th straight month
January marked the seventh consecutive month of expansion for the manufacturing sector, underscoring the resilience of the recovery and a firm start to 2026.
3D digitalisation highlights Son La’s culture and specialties at Spring Fair 2026
Son La showcases a wide range of products, including OCOP items and seasonal fresh fruits, alongside a cultural space themed around Son La’s Mong ethnic culture, with all displays reflecting the theme and highlighted by signature spring flowers such as wild peach, mustard and pear blossoms.
OCOP, green products take centre stage at Glorious Spring Fair 2026
Spanning around 300 booths, the zone brings together enterprises and cooperatives operating in agriculture, agro-forestry processing, and environmental products and services, alongside artisans and representatives of traditional craft villages.