Samsung to build Việt Nam’s first combined cycle power plant

Source: VNA

18:39 | 05/02/2022 Import-Export Follow english.haiquanonline.com.vn on

Samsung CT Corp., the construction unit of Samsung Group, has announced it had obtained a plant deal worth US$510 million from Việt Nam.

SEOUL - Samsung C&T Corp., the construction unit of Samsung Group, has announced it had obtained a plant deal worth US$510 million from Việt Nam.

In a statement on February 2, Samsung C&T said it received the order from PetroVietnam Power Corporation, to build the Southeast Asian country's first combined cycle power plant.

Samsung C&T would form a consortium with local builder Lilama Corp. to build gas and steam turbines, heat recovery steam generators, substations, and power transmission lines for the plant, it said.

The company has yet to provide the timeframe for the plant.

Source: VNA

vietnamnews.vn

Tags:

Related News

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

16:30 | 15/02/2025 Import-Export

VCN - Data from the General Department of Vietnam Customs indicates a softening of both exports and imports in January 2025, relative to the same month in 2024.

Vietnam, Korea Customs sign AEO MRA

11:07 | 26/12/2024 Customs

VCN- The Director General of the General Department of Vietnam Customs (GDVC), Mr Nguyen Van Tho, and the Commissioner of Korea Customs Service (KCS), Mr Ko Kwang Hyo, signed the Authorized Economic Operator Mutual Recognition Agreement (AEO MRA) on the afternoon of December 24, at the GDVC’s headquarters.

Prioritizing semiconductor workforce training

09:16 | 15/12/2024 Headlines

VCN - Vietnam is well-positioned to participate deeply in the global semiconductor industry. Experts believe that developing a skilled workforce in microchips and semiconductors should be a long-term priority to effectively capitalize on this opportunity.

Vietnam-Cambodia: Looking back on journey of cooperation

14:45 | 11/12/2024 Customs

VCN – The bilateral meeting between the General Department of Vietnam Customs (GDVC) and the General Department of Customs and Excise of Cambodia (GDCEC) was held by the GDVC on December 9.

Latest News

Embracing green exports: a pathway to enter global supply chains

10:33 | 20/02/2025 Import-Export

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

10:32 | 20/02/2025 Import-Export

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.

Việt Nam’s durian exports to China plummet by 80%

16:18 | 19/02/2025 Import-Export

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.

Coconut exports reach 14-year high

15:29 | 18/02/2025 Import-Export

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.

More News

Shrimp exports grow in the first month of 2025

15:28 | 18/02/2025 Import-Export

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.

Rice export prices drop, but decline expected to be short-term

08:10 | 17/02/2025 Import-Export

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.

Key agro products expected to maintain export growth this year

08:08 | 17/02/2025 Import-Export

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.

EU issues 12 warnings against Việt Nam’s food and agricultural exports

08:07 | 17/02/2025 Import-Export

The Việt Nam SPS Office has reported that some Vietnamese export products failed to meet the EU’s stringent standards.

Việt Nam to impose VAT on low-value express-imported goods

08:06 | 17/02/2025 Import-Export

Việt Nam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.

Exchange rate risks need attention in near future

16:31 | 15/02/2025 Import-Export

VCN - Exchange rate developments in 2025 are considered to be quite complicated due to US policies related to trade and investment.

Import and export turnover reaches about US$29 billion in the second half of January 2025

14:52 | 14/02/2025 Import-Export

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.

Market edges up slightly as liquidity remains low

14:48 | 14/02/2025 Import-Export

Market breadth remained positive, with 161 gainers outnumbering 144 decliners.

Business regulations must be trimmed for development of enterprises: Experts

14:46 | 14/02/2025 Import-Export

The General Statistics Office (GSO)'s socio-economic report for January 2025 reveals that while over 33,400 newly established or resumed businesses entered the market - marking a 15% increase compared to January 2024 - more than 58,300 businesses withdrew from the market, representing a growth of 8.1% on year.

Your care

Latest Most read