Vietnam's Ministry Supports LNG Hai Phong Power Project
October 26, 2026
The Ministry of Industry and Trade (MoIT) of Vietnam has recommended the continuation of the LNG Hai Phong power plant project in Hai Phong city. This recommendation comes as the ministry awaits the Prime Minister's decision regarding a proposal for a renewable energy complex combined with battery energy storage as an alternative to the LNG project.
The LNG Hai Phong project, which is included in the eighth National Power Development Plan (PDP VIII), received initial investment approval and broke ground in September 2025. Vingroup is the main investor, and the project has already achieved significant milestones, including a partnership with US-based GE for gas turbines.
The facility will cover nearly 100 hectares and has an estimated investment of over VND178 trillion (approximately $6.88 billion). Once operational, the plant will have a total capacity of 4,800 megawatts, generating up to 19.2 billion kilowatt-hours of electricity annually, primarily for the Tan Trao Industrial Park and the national grid.
Source: The Investor. Read the full article.