The first turbine in the 1,320-megawatt Vung Ang II thermal power plant project in the north-central Vietnamese province of Ha Tinh is set to begin a trial run next month, according to The Investor. The US$2.4 billion project is expected to begin commercial operation in July of 2025.

This comes amidst uncertainty around Vietnam’s net-zero commitment made at the 26th Conference of Parties on the back of a Just Energy Transition Partnership agreement for US$15.5 billion that has been struggling to gain legs.

Of note, the International Energy Association Coal Mid-Year Update 2024 found that Vietnam was on track to become the fifth biggest importer of coal in the world. Vietnam’s coal imports were up 38.6 percent in terms of volume and 14.5 percent in terms of value by the end of June.

Your support keeps this site independent and objective.
If you find value in this work, please consider making a contribution.

$2/mo $5/mo $10/mo One-time

Need more convincing?

Our content is free because we believe a rising tide lifts all boats.

By making accurate, independent information accessible to everyone, we help create a more informed, resilient, and empowered business community.

When businesses, investors, policymakers, and everyday readers all have access to clear, unbiased analysis, it leads to better decisions, fairer opportunities, and stronger economic outcomes for all.

That said, while our content is free to read, it costs money to create.

Behind every article is careful research, fact-checking, and expert analysis — all of which require time, skill, and resources.

If you can spare a couple of dollars, your support helps ensure that reliable, unbiased information remains accessible to all.