On October 3rd, billionaire Pham Nhat Vuong and VinEnergo Joint Stock Company announced a transaction involving Vingroup Corporation’s VIC shares.
Accordingly, Mr. Pham Nhat Vuong will transfer ownership of over 60 million VIC shares to VinEnergo. Currently, VIC shares are priced at 176,500 VND per share. Therefore, the 60 million shares are valued at over 10,000 billion VND.
After the transaction, Mr. Vuong will retain ownership of 389.92 million VIC shares, representing a 10.04% stake.
Meanwhile, VinEnergo will hold 165.7 million VIC shares, equivalent to a 4.27% stake.
Previously, on September 26th, Vingroup Corporation officially commenced the infrastructure development project for the Tan Trao Industrial Zone (Phase 1) and the Hai Phong LNG Thermal Power Plant project, which boasts the largest capacity in Vietnam and is among the world’s leading facilities.
The Tan Trao Industrial Zone infrastructure development project is invested by Vinhomes Hai Phong Industrial Zone Investment Joint Stock Company. The project spans nearly 227 hectares in Kien Hung and Nghi Duong communes, with a total investment of over 4,000 billion VND in Phase 1.
The Tan Trao Industrial Zone is scheduled for completion within 5 years, from Q2/2025 to Q2/2030. Upon completion, it will emerge as a major hub for new industries and technologies, featuring advanced technical infrastructure. The zone aims to attract multi-sector investments, including electrical, electronics, telecommunications, pharmaceuticals, supporting industries, new materials, clean energy, and renewable energy. Notably, it will attract tens of thousands of high-quality workers from across Vietnam and internationally.
The Hai Phong LNG Thermal Power Plant project is located within the Tan Trao Industrial Zone and is invested by a consortium comprising Vingroup Corporation and VinEnergo Energy Joint Stock Company. The project covers nearly 100 hectares, with a total investment of over 178,000 billion VND.
Construction is expected to take 5 years, with operations commencing by the end of 2030. The plant will generate approximately 9.6 billion kWh/year (Phase 1) and 19.2 billion kWh/year (Phase 2), meeting the electricity demands of the Tan Trao Industrial Zone and significantly contributing to the national power grid. This will help regulate the grid system and reduce reliance on traditional energy sources.
With a designed capacity of 4,800 MW (1,600 MW in Phase 1 and 3,200 MW in Phase 2), the plant will be Vietnam’s largest thermal power facility, as outlined in the Government’s Power Master Plan VIII, and will rank among the world’s leading LNG-based power plants.
Electricity generated from LNG offers significant environmental advantages, including near-zero SO₂ emissions, no dust generation, and lower NOx emissions compared to electricity produced from fossil fuels like coal and oil.
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With a staggering $4.3 billion investment, our company is spearheading the development of a state-of-the-art industrial steel manufacturing complex in Vung Ang, Ha Tinh. Phase 1 of this ambitious project boasts an impressive annual capacity of 5 million tons, setting a new benchmark for high-tech steel production in the region.
