The Forum was honored to host General Secretary To Lam, South Korean Prime Minister Kim Min Seok, along with high-level delegates from both countries and over 400 leading businesses, with more than 500 attendees from the two nations.
General Secretary To Lam and South Korean Prime Minister Kim Min Seok witness the signing of cooperation agreements between energy and industrial companies
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At the forum, KN Holdings Group signed a Memorandum of Understanding (MoU) with Samsung C&T to develop three floating solar power projects at the KN Srepok 3, KN Ialy Gia Lai, and KN Ialy Kon Tum hydroelectric plants. The total planned capacity is expected to reach 864MW.
These projects will utilize Direct Power Purchase Agreements (DPPAs), prioritizing the supply of clean energy to large consumers. This initiative reduces greenhouse gas emissions, promotes renewable energy use, and contributes to Vietnam’s green energy transition goals.
Ms. Le Nu Thuy Duong, Vice Chairman of KN Holdings, and Mr. Heo Wook, Vice Chairman of Global Investment, Samsung C&T (second from left), sign the cooperation agreement.
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A representative from KN Holdings shared that Samsung C&T, a subsidiary of the Samsung Group, brings extensive experience in renewable energy projects with large-scale installations worldwide. The collaboration between the two companies will facilitate the development of KN Holdings’ large-scale floating solar projects, incorporating modern technology and efficient investment and operational practices. This partnership will contribute to Vietnam’s sustainable and clean energy goals.
The signing of the MoU at the Vietnam-South Korea Economic Forum, a high-level event chaired by the leaders of both countries, underscores the significant advancement in KN Holdings’ clean energy development strategy. It also demonstrates the company’s alignment with the new energy cooperation direction between Vietnam and South Korea, supporting their mutual commitments to emission reduction and green economic development.
– 10:30 13/08/2025
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This grand project boasts a total investment of approximately 3 billion US dollars.
Nearly Four-Decade-Old Corporation in the Philippines Eyes Investment in Vietnam’s Economic Backbone
This conglomerate has been investing in Vietnam since 2014, marking a significant presence in the country’s thriving economy.
“Economic Growth and the Energy Transition: Walking Hand in Hand.”
To achieve double-digit growth, a nation must implement synchronized development strategies. Economic growth must go hand in hand with energy growth. Failing to prioritize energy growth will hinder any nation from achieving sustainable development.
“Nuclear Power Pursuit by Petrovietnam: Over $10 Billion Needed, But Which Technology?”
“The greatest challenge that Petrovietnam faced when tasked with the nuclear power project was the massive investment required, totaling over tens of billions of USD. This figure far exceeded the financial capabilities of the enterprise as well as domestic banks, presenting a formidable obstacle to overcome.”
“Sustainable Infrastructure Development for Long-Term Industrial Growth”
Vietnam is striving towards a dual goal of achieving high-income status by 2045 and sustainable development, with a Net Zero target by 2050. According to experts, one of the crucial prerequisites to attaining these goals is the development of a green industry.
