The Duyen Hai 1 thermal power plant, owned by EVN with China's Dongfang Electric as main contractor, broke ground on September 19, 2010 in Tra Vinh (former province). The coal-fired plant has two units totaling 1,245 MW, average annual output of about 7.2 billion kWh, and total investment of over 29,245 billion dong (about $1.57 billion), with 85% funded by a commercial loan from the China Export-Import Bank. Unit 1 started operation on January 4, 2016 and unit 2 on January 18, 2016, and the plant has supplied 5.2 billion kWh to the national grid, helping secure power for the Southwest region. Its dust filtration and sulfur removal systems meet environmental standards, and its non-toxic ash is reused in construction.
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Original headline: Trung Quốc góp công lớn, Việt Nam hoàn thành công trình 1,57 tỷ USD chưa từng có trong lịch sử, một bước ngoặt lớn diễn ra vào đúng ngày 4/1 của 10 năm trước
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- China Helps Vietnam Complete a US$1.57 Billion Project Like Never Before, with a Major Milestone Ten Years Ago on January 4
The Duyen Hai 1 Thermal Power Plant in Tra Vinh province (now Vinh Long) broke ground on September 19, 2010, as a joint project between EVN and China's Dongfang Electric (DEC), with total investment of about US$1.57 billion, 85% funded by commercial loans from the China Export-Import Bank. The plant has two units with a combined capacity of 1,245 MW (2x622.5 MW) and an average annual output of about 7.2 billion kWh, burning coal and equipped with dust filters and NOx and SOx removal systems. Unit 1 began operating on January 4, 2016, unit 2 on January 18, 2016, and the plant has supplied 5.2 billion kWh to the national grid. It helps secure power for the south and the Mekong Delta, especially when gas-fired plants reduce output, and its non-hazardous ash is reused as construction material.
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According to the Foreign Investment Agency, 154 economies had invested in Vietnam as of August 2026, led by South Korea with over $102.5 billion registered and Singapore in second place with over $99.2 billion. In the first eight months of 2026, China invested about $4.07 billion through 989 newly licensed projects, bringing its cumulative total to about $37 billion across 7,123 projects and ranking sixth. Bac Ninh has nearly 600 Chinese enterprises with 1,622 projects and over $12 billion in capital, while Tay Ninh has 1,182 projects with over $11.3 billion, together accounting for about 63% of cumulative Chinese investment. Chinese projects are concentrated in border, coastal and densely populated provinces, and the article calls for close monitoring of the growing number of capital contribution and share-purchase deals.
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