Ha Tinh to accelerate thermal power and industrial ventures

August 13, 2024 | 18:54

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The central province of Ha Tinh wants to accelerate the construction of the Vung Ang II thermal power plant, Vingroup’s electric vehicle battery factory, and a Vietnam-Singapore Industrial Park (VSIP) by the end of the year.

In addition, Ha Tinh People’s Committee will collaborate with Vingroup to kick off the construction of Vinhomes Vung Ang IP in late 2024.

Ha Tinh to accelerate thermal power and industrial ventures

The moves were discussed at a meeting of Ha Tinh People's Council in early August to analyse the socioeconomic situation in the first half of the year and set out directions for the rest of 2024.

In mid-July, Deputy Prime Minister Tran Hong Ha approved a Vinhomes investment proposal for a new IP in Ky Anh town, at a cost of $528 million.

The project, named Vinhomes Vung Ang IP, is spearheaded by Vinhomes IP Investment Corporation, a subsidiary of Vingroup, holding a 69.34 per cent stake. Covering nearly 965 hectares in Vung Ang Economic Zone, the project is expected to be completed by the end of Q4/2030, with an operational lifespan of 70 years. The investor's equity contribution is close to $80 million.

At the Vung Ang 2 thermal power plant, which is backed by Vung Ang II Thermal Power LLC - a foreign-owned company combining KEPCO, Mitsubishi, and another Japanese company - construction has currently reached nearly 80 per cent of the workload. By the end of the year, the workload is expected to increase to 85 per cent.

Construction of a new VSIP, funded by Becamex IDC, was started in late June. The first phase of the scheme covers 190ha in Thach Ha district and will cost $60.8 million.

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On December 29, Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), announced the addition of Vietnam Singapore Industrial Park Ha Tinh (VSIP Ha Tinh) to its portfolio.

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Sixty Swing for the Kids scholarships were awarded to disadvantaged students in Ha Tinh city’s Dai Nai ward, in the central province of Ha Tinh, who excelled in their studies, on President Ho Chi Minh's 134th birthday.

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A groundbreaking ceremony was held at VSIP Ha Tinh Industrial Park in Ha Tinh province on June 25 to mark the start of construction.

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By Nguyen Kim

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