On August 11, the People’s Committee of Phuoc Thoi Ward, Can Tho City, shared information about the O Mon Energy Cluster (including O Mon I, II, III, and IV Thermal Power Plants) located in the ward, with an investment capital of 1.2-1.3 billion USD for each plant.
According to the Can Tho Department of Industry and Trade, the O Mon I Thermal Power Plant, with a capacity of 660 MW, is already operational.

O Mon Energy Cluster illustration. Source: Internet
Regarding the O Mon II Thermal Power Plant project (with a capacity of 1,050 MW), the investor, O Mon II Power Company Limited, is currently in the process of providing a security deposit for the project and undergoing procedures for land allocation/lease. The project is expected to commence in the fourth quarter of 2026 and be completed by 2029.
For the O Mon III and IV Thermal Power Plant projects (each with a capacity of 1,050 MW), the Vietnam National Industrial and Energy Group and the Electricity Sector Project Management Board have submitted letters of guarantee for the project deposit. The construction of the O Mon IV plant is anticipated to commence later this year.
Mr. Ha Vu Son, Director of the Can Tho Department of Industry and Trade, stated that currently, only the O Mon I Thermal Power Plant is operational. If O Mon II, III, and IV plants become operational, each 1,000 MW of electricity generated is expected to contribute approximately 1.2 trillion VND (around 5 trillion VND for the entire project) to the state budget annually.

Engineers inspecting equipment at O Mon I Thermal Power Plant. Source: Kieu Anh
Mr. Vo Hoai Han, Chairman of Phuoc Thoi Ward People’s Committee, remarked, “The presence of all four O Mon Thermal Power Plants in our ward holds immense potential for the development of the energy industry, serving as a powerful catalyst for investment, job creation, and technical infrastructure advancement throughout the region.”
According to the Phuoc Thoi Ward Party Committee’s report, the ward anticipates investments in a high-tech industrial park, new urban and residential areas, and transportation projects such as provincial roads 917 and 923, and the Western Belt Road. Additionally, there are plans to develop high-tech agriculture in conjunction with establishing regional crop codes and local product brands.
These developments lay a crucial foundation for Phuoc Thoi Ward to leverage its strengths, promote economic restructuring, accelerate urbanization, and ultimately enhance the quality of life for its residents.
A New Wave of Social Housing: 1,400 Homes to be Built in Haiphong
The Haiphong Department of Construction has announced its approval for a social housing project, comprising 1,388 units, in the Tan Truong Industrial Park.
“FiinGroup Founder on The Investors: From the Brink of Shutdown to the Vision of Building Vietnam’s Capital Market Information Infrastructure”
“Nguyen Quang Thuan, Chairman of FiinGroup and FiinRatings, is not just the founder of a financial data analytics enterprise. With his expertise and initiatives, he is a pioneer in fostering the development of Vietnam’s capital market, striving for transparency, efficiency, and long-term sustainability.”
“Japanese Giant, Sumitomo, Seeks Investment in Van Phong 2 LNG-to-Power Plant and Offshore Wind Projects in Khanh Hoa Province”
The Sumitomo Group has diversified its investments in Vietnam’s economy, spanning across various sectors. With a strong presence in the country, the Group has ventured into industrial parks, urban railways, power plants, and airport, logistics, and real estate projects.
“Record-breaking Revenue and Profits: Nafoods Commences Construction of NASOCO Phase 2”
Nafoods Group (HOSE: NAF) has reported record-breaking revenue and profits for the second quarter of 2025 and the first half of the year. Along with this impressive financial performance, the company is also embarking on an expansion journey with the second phase of the Nasoco project, positioning itself to capitalize on future growth opportunities.