HCMC – Gia Lai Province has allowed a subsidiary of Kinh Bac City Development Holding Corporation (HOSE: KBC) to invest in two wind farms with a combined capacity of 340 MW.
The Gia Lai People’s Committee approved the results of the investor selection process for Van Canh 1 and Van Canh 2 wind power projects. Saigon–Bac Giang Industrial Park JSC, a subsidiary of KBC, met all required conditions to get involved in the projects.
Van Canh 1 will have total investment capital of nearly VND6.9 trillion, and cover about 56 hectares in Canh Lien Commune, Gia Lai Province. Its designed capacity is 160 MW and its annual output is around 502 million kWh.
Van Canh 2 will require more than VND7.77 trillion, and span roughly 62 hectares across Van Canh and Canh Lien communes. Its designed capacity is 180 MW, with annual generation of about 623.2 million kWh.
According to the company, the projects are part of KBC’s strategy to develop wind power to supply clean energy for businesses in its industrial parks, including high-tech manufacturing and data center projects.
KBC said it aims to expand renewable energy supply toward net-zero emissions, and plans to further develop rooftop solar and solar farm systems in industrial parks in line with Vietnam’s green energy transition policy.
Closing the trading session today, January 12, KBC edged up 0.56% to VND36,200, with a trading volume of over 4.9 million shares.
Vietnam’s benchmark VN-Index rose 9.43 points, or 0.5%, on Monday to 1,277.39 points, supported by strong gains in banking and securities stocks, despite sharp declines in Vingroup-related stocks.
The Hochiminh Stock Exchange (HOSE) closed with 240 winners and 91 losers. Trading volume exceeded 1.3 billion shares worth VND39.21 trillion, up more than 6% in both volume and value compared with the previous session. Block deals accounted for over 58 million shares valued at VND2.25 trillion.
The VN30-Index added 14 points, with 23 stocks rising and seven falling. However, Vingroup-related stocks remained a major drag on the market. VHM and VIC both fell to the daily lower limit, with VHM posting nearly 2.3 million shares offered at the floor price. Together, VIC, VHM and VRE took away nearly 28.5 points from the VN-Index.
In contrast, several large-cap stocks closed at the ceiling price, including BID, SSI, VCB and VPB.
By sector, telecommunications posted the strongest gains, driven by Viettel-related stocks. VTP, VGI, CTR and VTK all hit the daily limit, while FOX rose 4.8% and FPT gained 2.2%.
Banking, securities and steel stocks were the main focus of the session, posting gains just below those of the telecom sector.
In the banking sector, SHB rose 3% and led the market by liquidity with 107.6 million shares traded. MBB climbed 3.3% on nearly 57 million shares, while CTG gained 1.8% with volume of 37.2 million shares. Major lenders VCB, BID and VPB all closed at the ceiling price, supported by strong trading volumes.
Steel stocks advanced after information that steel prices are trending higher. HPG rose 5% on volume of more than 83.5 million shares and recorded net foreign buying of nearly 6.6 million shares.
On the Hanoi Stock Exchange, the HNX-Index increased 4.78 points, or 1.93%, to 251.88 points. The market recorded 100 gainers and 64 decliners. Trading volume reached more than 115.2 million shares worth VND2.48 trillion.
