Business

Vung Ang II thermal power plant BOT project agreement clinched

The Vung Ang II thermal power BOT project agreement was inked between the General Directorate of Energy and the Vung Ang II thermal power joint stock company on January 16.
Vung Ang II thermal power plant BOT project agreement clinched ảnh 1A corner of Vung Ang 2 thermal power plant (Photo: VNA)
 Hanoi (VNA) – TheVung Ang II thermal power build-operate-transfer (BOT) project agreement wasinked between the General Directorate of Energy (GDE) of the Ministry ofIndustry and Trade and the Vung Ang II thermal power joint stock company onJanuary 16 in Hanoi.

The 1,200 MW plant consists oftwo 600MW generators, with the first turbine group to be put in operation in2021 while the other one will become operational one year after.

The 2.2 billion USD project willsupply electricity for economic development in the northern region, ensuringnational electricity security.

The GDE will support the investorin preparing procedures on investment licence and arranging finance.

Apart from the Vung Ang IIthermal power BOT plant, the GDE is also involved with 17 other thermal powerBOT projects with total capacity of 23,000 MW.

The same day, Minister ofIndustry and Trade Tran Tuan Anh handed over the project agreement to the JapaneseBOT investor Mitsubishi on the occasion of Japanese Prime Minister Shinzo Abe’svisit to Vietnam.-VNA

VNA
#Vung Ang II #thermal power plant #BOT project
Follow VietnamPlus

Related News

VN thermal power plants need hi-tech interventions

VN thermal power plants need hi-tech interventions

Coal-fired thermal power plants should focus on technology renovation so as to minimise environmental pollution, given that thermal power will provide much of Vietnam’s future energy, experts warn.
Duyen Hai power plant produces 5.9 billion kWh of electricity

Duyen Hai power plant produces 5.9 billion kWh of electricity

The Duyen Hai Thermal Power Plant 1 under the Duyen Hai Electricity Centre in the Mekong Delta province of Tra Vinh has supplied nearly 5.9 billion kWh of electricity to the national grid since January this year, 2 percent higher than the set target.

See more

An overview of the meeting in Ho Chi Minh City to discuss measures to ease pressures on production and trade, and stablise the domestic market amid the escalating conflict in the Middle East. (Photo: VNA)

Measures sought to address business challenges amid Middle East conflict

Vietnam is facing a three-stage ripple effect - first on transport and fuel-dependent industries, then on sectors relying on their outputs, and ultimately on consumers. Volatility in key commodities like fuel is disrupting the entire supply chain and increasing the risk of market instability.

Workers load rice bags onto a vessel for delivery. (Photo: VNA)

PM directs tasks to accelerate 2026 export growth

During January – February, Vietnam’s total export-import value hit 155.7 billion USD, up 22.3% year-on-year. Of the total, exports were estimated at 76.4 billion USD, up 18.3%, while imports totaled 79.3 billion USD, up 26.3%.

A quick report from data analytics platform Metric shows the number of active sellers across Shopee, TikTok Shop, Lazada and Tiki has dropped to just over 602,000, marking a year-on-year decline of more than 7%. (Illustrative photo: VNA)

Higher marketplace fees weigh on online sellers

Analysts identify rising operational costs as the key factor behind the exodus. In 2025, platforms simultaneously rolled out fee hikes ranging from 10–15%, significantly increasing the financial burden on merchants.

The latest approvals underscore the growing presence of Vietnamese rice in one of the world’s most demanding markets. (Photo: VNA)

Fragrant rice deepens EU market presence

Although the volume of individual shipments remains relatively modest, industry experts say the steady flow of exports reflects stable demand in the EU for high-quality rice.

Promoting stronger foreign direct investment (FDI) inflows is considered an important solution to help drive economic growth. (Photo: VNA)

Vietnam emerges as hub for high-quality FDI

Vietnam is gradually becoming a strategic destination for high-quality global FDI. Investment flows are increasingly directed toward sectors such as high-tech manufacturing, electronics, digital infrastructure, modern logistics, and industries that are closely linked to global supply chains.

Shrimp processing for export at Huy Nam company, An Giang province. (Photo: VNA)

Fisheries sector proactively adjusts to emerging challenges

In addition to food safety regulations, the US continues to closely monitor the origin of imported seafood through the Seafood Import Monitoring Programme (SIMP) administered by the National Oceanic and Atmospheric Administration (NOAA). Requirements linked to the Marine Mammal Protection Act (MMPA) are also a major concern for businesses.