O Mon I Thermal Power Plant. (Photo; tapchicongthuong.vn)
Can Tho (VNA)🧸 – The People’s Committee of Can Tho city has issued decisions on changing the investor of two thermal power projects – O Mon III and O Mon IV.
Accordingly, the Vietnam Oil and Gas Group (Petrovietnam) officially took over the two projects from Vietnam Electricity (EVN), marking a new step in the process of realising the Block B gas-electricity project chain.
The change of the two projects’ investor was approved by the Prime Minister on June 24.
The O Mon III and O Mon IV thermal power projects have a capacity of 1,050 MW each and are located in the O Mon Power Centre in Can Tho city. They are part of the Block B gas-electricity project chain. The project chain is expected to be deployed in 2023 with a target of having the first gas flow at the end of 2026.
According to Power Development Plan VIII, the Block B gas-electricity project chain will be an important source of electricity, providing additional power to the national electricity system in the southern region between 2026-2030.
In May 2023, ministries and agencies agreed to propose the Prime Minister to allow the transfer of these two projects from EVN to Petrovietnam because EVN faced great difficulties in using official development assistance (ODA) capital for the O Mon III project and mobilising commercial loans for the O Mon IV project. The difficulties could cause those projects to lag behind the overall implementation progress of the project chain.
At that time, EVN mentioned problems with the mechanism of mobilising electricity to the grid to ensure consumption of all gas supply while the cost of gas-fired electricity production is higher than EVN's electricity selling price.
Meanwhile, Petrovietnam has favourable conditions in terms of capital mobilisation, and implementation capacity, as well as being able to systematically manage and synchronously operate the shared infrastructure of the project chain. Therefore, Petrovietnam was assigned to receive the O Mon III and O Mon IV projects for continued implementation.
After the document handover ceremony from EVN to Petrovietnam on June 30, Petrovietnam officially became the investor of the two power projects in September. Thus, Petrovietnam currently participates in all three stages of the Block B gas-electricity chain through component projects including gas exploitation and transportation, and electricity production./.
Minister of Finance Ho Duc Phoc has recently submitted a comprehensive report to the National Assembly, detailing the oversea investment landscape of state-owned enterprises (SOEs) in 2022.
Nghi Son Refinery and Petrochemical LLC (NSRP) in the north-central province of Thanh Hoa has resumed its normal operation after completing major maintenance on October 11, one week ahead of schedule.
The Vietnam Oil and Gas Group (Petrovietnam) recovered 2.9 billion USD from overseas investments last year, topping State-owned enterprises (SoEs) in this regard, reported the Ministry of Finance (MoF).
Despite unprecedented challenges, the Vietnam Oil and Gas Group (Petrovietnam) has made relentless efforts to achieve its set goals in the first nine months of this year.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
O Mon I Thermal Power Plant. (Photo; tapchicongthuong.vn)
