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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Saturday, July 5, 2025

South Korean power firm to invest in Vietnam’s thermal power project

Must read

HCMC – The Korea Electric Power Corporation (KEPCO) is set to secure a 40% stake in the Vung Ang 2 thermal power plant project with a capacity of 1,200 megawatts (MW) in Ha Tinh Province.

KEPCO has confirmed that it would invest in a coal-fired power project in Vietnam which involves some South Korean and Japanese firms, reported South Korea’s AJU Business Daily.

The South Korean firm targets to complete the construction of the thermal power plant by January 2025.

Samsung C&T and Doosan Heavy Industries & Construction in South Korea will participate in the design, procurement and construction processes for the project, according to VietnamPlus news site.

Initially, the US$2.2-billion project involved Japan’s Mitsubishi and CLP, an electric firm based in Hong Kong. As CLP withdrew from the project, KEPCO decided to buy the stake owned by the former.

Vietnam’s electricity demand growth rate has been faster than that of other Southeast Asian countries. Electricity from fossil fuels is still playing a key role in the country’s power supply.

However, many environmental experts have voiced their concerns over the pollution caused by the Vung Ang 1 thermal power plant with a designed capacity of 1,200 MW.

KEPCO, which has invested in a coal-fired power plant project in Indonesia, said that it would apply new technologies to minimize carbon emissions from the Vung Ang 2 power plant.

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