Long An Province: Major Developments and Investments
As reported by Báo Long An, Vice Chairman of the People’s Committee of Long An Province, Mr. Nguyen Minh Lam, recently held a meeting with a delegation from the Korea Export-Import Bank (KEXIM), led by Mr. Choi Wooyoung.
The discussion focused on the progress and implementation plans for several key infrastructure projects in the province, including the construction of three bridges along the DT827E road, spanning the Can Giuoc, Vam Co Dong, and Vam Co Tay rivers, as well as the development of the Long An I and Long An II LNG power plants.
According to the report, the three bridges are expected to have a design load of HL93 and a width accommodating six lanes, with a total investment of approximately VND 4,797 billion.
The Long An I and Long An II LNG power plant projects, covering an area of approximately 45.6 hectares in Phuoc Vinh Dong commune, Can Giuoc district, have a total investment of over VND 72,650 billion (approximately USD 3.13 billion at the time of project approval).
The province is currently in the process of completing the feasibility report, expected to be finished by June 2025, which will then be reviewed by relevant ministries and KEXIM for approval in Q4 of 2025. The loan agreement is expected to be signed in Q1 2026.
In March 2021, the People’s Committee of Long An Province granted the investment registration certificate for the Long An I & II LNG Power Plant projects to VinaCapital GS Energy Pte. Ltd., a joint venture between Vietnam’s VinaCapital and South Korea’s GS Energy.
In June 2023, VinaCapital and GS Energy signed a Memorandum of Understanding with KEXIM for financial support for the projects. This was followed by the approval of the implementation plan for the power plants in April 2024, with the goal of commencing commercial operations for Long An I in June 2028 and Long An II in June 2031.
In recent developments, the Vice Minister of Industry and Trade, Mr. Nguyen Hoang Long, met with GS Energy in March 2025 to discuss the project. It was noted that the investor has received the F/S appraisal from the Electricity and Renewable Energy Authority and is in the final stages of F/S approval.
The project has also made significant progress with the Power Purchase Agreement (PPA) negotiations with EVNEPTC, the transmission line connection agreement with NPT, and discussions with PV Gas regarding the gas pipeline. The PPA is expected to be finalized by the end of 2025, with construction commencing in early 2026 and commercial operations beginning in 2029.
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