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

February 04, 2022 - 06:48

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.

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. VNA

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

140 tonnes of aquaculture products export to China through Móng Cái

Trading activities at the Hải Yến Km3+4 temporary pontoon bridge in Móng Cái City resumed on February 3 as customs staff returned to work after Tết holidays.

Economy

Việt Nam key market: FrieslandCampina managing director

Việt Nam will be one of the key markets in 2022 due to its young population and strong demand amid the pandemic, BerenVan Wel, the managing director of FrieslandCampina Vietnam, one of the world’s largest dairy cooperatives, said.

Economy

VN businesses must be more professional to expand in French market

The Việt Nam Trade Office in France has revealed that supermarkets and retail distribution chains in France have plans to increase the percentage of Vietnamese goods in their distribution system.

Economy

VN to speed up science and tech development in 2021-30

Việt Nam has set a target to speed up the development of science and technology for the 2021-30 period with the establishment of modern research and development centres in both public and private sectors as a core mission objective.

Economy

Restaurants, cafes open through Tết to make up for time lost during pandemic

Many food and beverage outlets and supermarkets are open through the Tết (Lunar New Year) holidays, hoping to make up somewhat for the long closures due to COVID-19 and take advantage of a possible surge in demand as happened last year.

Economy

Major AI trends in 2022 forecast

Companies are increasingly using artificial intelligence to further their digital advantage and increase competitiveness and efficiencies and generate new revenue streams.

Economy

Banking industry forecasts large-scale recruitment demand

The Vietnamese banking industry will have large-scale recruitment demand this year, recruitment service provider Navigos Group has forecast.

Economy

VNR should seek ways to promote logistics services

Amid the pandemic and difficulties in logistic transport, the railway industry must work out solutions to accelerate logistics services to reduce challenges for businesses, according to industry insiders.

Economy

Consumer goods sales surge at last minute before Tết

Demand for Tết (Lunar New Year) goods at traditional markets and supermarkets increased sharply on January 31, the last day of the old year, but was still 10-15 per cent lower than last year.