The Ministry of Industry and Trade (MoIT) on November 8 signed an agreement with Japanese Marubeni Company and the Republic of Korea’s KEPCO Company for the Nghi Sơn 2 Build-Operate-Transfer (BOT).
The Ministry of Industry and Trade signs an agreement with Japanese Marubeni Company and South Korean KEPCO Company for the Nghi Sơn 2 Build-Operation-Transfer (BOT) thermal power plant. (Source: moit.gov.vn)
Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) on November 8 signed an agreement with Japanese Marubeni Company and the Republic of Korea’s KEPCO Company for the Nghi Son 2 Build-Operate-Transfer (BOT) thermal power plant.
The two-turbine project with total capacity of 1,200MW was approved by the Vietnamese Government, who selected the two companies as investors under BOT following a public international auction.
Located in the central province of Thanh Hoa’s Nghi Sơn Industrial Zone, the project will use imported coal for power generation. The project is expected to supply electricity for the economic development of the northern region while ensuring national energy security.
Dang Huy Cuong, Director of the ministry’s General Directorate of Energy, said the plant has significant total investment of some 2.3 billion USD. This was why the government required all-out efforts from the investors to complete the investment certificate and arrange financial resources with international lenders.
“The General Directorate of Energy has committed to closely cooperating with the investors in the upcoming work. We expect that the project would soon receive the investment certificate from the Ministry of Planning and Investment (MPI) to ensure progress," Cuong added.
Speaking at the signing ceremony, MoIT Deputy Minister Ho Thi Kim Thoa said the ministry has managed 18 BOT projects in the power sector, of which, three projects are operational.
“The Vietnamese government has always formulated policies to support international businesses and organisations to invest into BOT projects in the country,” Thoa said.
She noted that the efforts from the investors,🌠 MPI, MoIT, Thanh Hoa province and relevant agencies will help the project begin construction soon and successfully become operational.-VNA
Vietnam has jumped five places to 96th position in terms of electricity access, one of the criteria the World Bank uses to rank 189 economies on the ease of doing business.
Prime Minister Nguyen Xuan Phuc has approved the equitisation of electricity-generation corporations under the Electricity of Vietnam (EVN), the Vietnam National Oil and Gas Group ( PetroVietnam).
PetroVietnam’s Nhon Trach 2 Power JSC reported that the firm will produce about 1.35 billion kWh of commercial electricity in the fourth quarter of 2016, raising output for the year to 5.5 billion KWh
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The Ministry of Industry and Trade signs an agreement with Japanese Marubeni Company and South Korean KEPCO Company for the Nghi Sơn 2 Build-Operation-Transfer (BOT) thermal power plant. (Source: moit.gov.vn)
