Can Tho approves investor for big thermal power plant
Vietnam Electricity (EVN) has been accepted as the investor of the 1.19 billion USD O Mon III thermal power plant located in Can Tho city, under a decision issued by the municipal People’s Committee.
Can Tho (VNA) – Vietnam Electricity (EVN) hasbeen approved to be the investor of the 1.19 billion USD O Mon III thermalpower plant located in Can Tho city, under a decision issued by themunicipal People’s Committee.
The EVN is expected to pour 9.9 trillion VND (428.2 million USD)into the project and the rest 17.67 trillion VND (762.29 triệu USD) will be mobilised from other sources.
The project covers 8,342 hectares of land and is valid for 31years since the decision for leasing land came into effect (2021-2052).
Work on the facility is scheduled to start in the firstquarter of 2025. It is ex💜pected to receive gas in the third quarter of 2027 and generate electricity for the nationalpower grid in the last quarter of that year.
Operation centre of O Mon I thermal power plant (Photo: VNA)
Once completed, the plant willprovide electricity for the southern region and help ensure a stable supply for the country.
The EVN is also the investor of the O Mon I thermal power plantpr🤡oject with a capacity of 660 📖MW and the O Mon IV thermal power plant projectwith a capacity of 1,050 MW.
O Mon III Thermal Power Plant Project has a capacity of 1,050 MW with a total preliminary investment cost estimate of about 25 trillion VND, and O Mon IV Thermal Power Plant Project has a total preliminary investment cost estimate of about 29 trillion VND. These gas-fueled power projects are located in the O Mon Power Complex in Can Tho city, where site areas have been arranged for project construction. Both projects are important in ensuring the south's power supply in the coming years.
Meanwhile, the 1,050 MW O Mon II thermal power plant project is invested by a joint venture between Vietnam Trading Engineering Construction JSC (Vietracimex) and Marubeni Corporation from Japan.
The O Mon Power Complex comprises of four power plants. The O Mon 1 plant, which has a capacity of 660 MW, is alreadꦏy operational.
EVN was established by decision No. 562/QD-TTg dated October 10, 1994. It has been the investor of many large-scale projects in Vietnam. By 2020, EVN has received and sold electricity directly in 11/12 island districts, 82/85 island communes. The six island districts are powered by the national power grid, which are Van Don, Co To (Quang Ninh province), Cat Hai (Hai Phong city), Ly Son (Quang Ngai province), Phu Quoc, Kien Hai (Kien Giang province). Five island districts are powered by on-site sources (combining diesel generators with solar and wind power) namely Bach Long Vy (Hai Phong), Con Co (Quang Tri province), Truong Sa (Khanh Hoa province), Phu Quy (Binh Thuan province), Con Dao (Ba Ria-Vung Tau province). EVN expects to put into operation around 5,500 MW of electricity from renewables, with 4,000 MW from wind power and 1,500 MW from solar power by 2025, to prevent a shortage of power, especially in northern localities. The group has also asked the Government for permission to develop offshore wind power in the northern region to increase electricity supply for the region and ensure national power security. According to its development orientation to 2045, the EVN will invest in the development of power sources and grids following the approved planning to ensure quality, progress and efficiency. The group prioritises access to advanced technology for safety, reliability and environmental protection. The technology of existing coal power plants is set to be reviewed for updating to meet the requirement for environmental protection. Earlier last year, the group received approval from the Prime Minister to invest in Quang Trach II Thermal Power Plant project in Hon La Economic Zone, central Quang Binh province. The project has a capacity of 1,200 MW with a total preliminary investment value of approximately 48.156 trillion VND (2.1 billion USD). Of this, the firm’s equity will be more than 9.634 trillion VND (418.87 million USD), accounting for 20% of the total investment value, while its debts will be roughly around 38.525 trillion VND (1.68 billion USD). The first unit of Quang Trach II Thermal Power Plant is expected to go into commercial operation in 2028, and the second unit will operate in the following year./.
Vietnam Electricity (EVN) has proposed several ways to tackle problems related to rooftop solar power development, especially in the context that there are few legal guidelines to regulate the highly necessary sector.
Electricity of Vietnam (EVN) has forecast the average electricity consumption will rise 6.4% to 793.8 million kWh per day in July, as heat waves are expected to hit the northern and central regions.
Vietnam Electricity (EVN) said it has demanded its subsidiaries take measures to guarantee power supply during the National Day holiday from September 1 to 4.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
O Mon 1 thermal power plant (Photo: VNA) 
Operation centre of O Mon I thermal power plant (Photo: VNA) 
