At the Ministry of Industry and Trade's Q3 2026 press briefing, officials confirmed the Hai Phong LNG Power Project (a joint venture of Vingroup and VinEnergo, construction started in September 2025) has reached an agreement to supply gas turbines from GE of the US. The ministry received a proposal to replace the plant with a renewable energy complex combined with a battery energy storage system (BESS), but has reported to the Prime Minister and recommended continuing the LNG project under the approved plan while awaiting guidance on the new proposal. The 100-hectare project in Tan Trao Industrial Park has a capacity of 4,800 MW and investment of over VND 178,000 billion, with phase 1 at 1,600 MW expected to operate in 2030 and phase 2 adding 3,200 MW around 2035. Once complete, total output will reach 19.2 billion kWh per year, and the GE Vernova 9HA.02 turbines can burn up to 50% hydrogen by volume.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bất ngờ xuất hiện phương án thay thế siêu dự án 178.000 tỷ, lớn nhất Việt Nam, do Vingroup đầu tư
Related tickers and likely impact
VIC
▲ Likely positiveVinGroup
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 1,656,797 bn VND |
| P/E | 77.8 |
| P/B | 9.69 |
| Close on 10/14/2026 | 218.40 |
| Change that session | -1.62% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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