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Gia Lai province is accelerating procedures to begin construction of the 600-megawatt Vinh Thanh pumped storage hydropower project, with a total investment of nearly VND11 trillion ($417.49 million).

According to a leader of the provincial Department of Industry and Trade, the Gia Lai People’s Committee has instructed relevant agencies to support and create conditions for Vinh Thanh Pumped Storage JSC to start construction in early 2027, aiming for operation by 2030.

The project’s main components include a newly built upper reservoir with a capacity of 4.3 million cubic meters, a lower reservoir utilizing the existing Dinh Binh irrigation lake, a bidirectional water tunnel system, and reversible turbines. For grid connection, the project will construct a double-circuit 500 kV transmission line linking the plant to the Binh Dinh 500 kV substation.

The project was approved in principle by the Gia Lai People’s Committee for research and survey in late February 2025. After more than a year of study, on April 23, the investor - Vinh Thanh Pumped Storage JSC, together with its French partners, reported survey and research results, concluding that the project is highly feasible.

Once operational, the plant is expected to generate an average of 783 million kWh per year, contributing to energy security and helping stabilize the national power system.

In addition, the project is projected to contribute VND320-350 billion ($13.28 million) annually to the local budget, create 300-500 jobs during construction and 40-50 jobs during operation, and promote socio-economic development, supporting the province’s goal of sustained double-digit economic growth in the coming years.

Legally, the project, located in the former Vinh Thanh district of Binh Dinh province (now Vinh Thanh commune, Gia Lai province after the July 2025 merger), has been approved by the Prime Minister under the revised Power Development Plan for 2021-2030, with a vision to 2050 under Decision No. 768 dated April 15, 2025, and its implementation plan was passed by the Ministry of Industry and Trade under Decision No. 1509 dated May 30, 2025.

The Gia Lai People’s Committee has also incorporated the project into the revised provincial master plan for 2021-2030, with a vision to 2050 under Decision No. 2832 dated November 28, 2025. The initial timeline projected operation during 2031-2032, but local authorities are working to accelerate progress and bring the plant online by 2030.

Vinh Thanh Pumped Storage JSC was established on November 4, 2024, with headquarters on Hoang Van Thu street, Quy Nhon Nam ward, Gia Lai province (formerly Quy Nhon town, Binh Dinh province). Its main business activity is power generation.

The company has a charter capital of VND50 billion ($1.9 million). Its founding shareholders include Tong Phan Long (VND5 billion, 10%), Bui Tien Trung (VND20 billion, 40%), and Le Duc Thoa (VND25 billion, 50%).

The legal representative is Le Duc Thoa (from Thanh Hoa province), who serves as director. He is also the legal representative of La Vuong Wind Power JSC (in Gia Lai) and Gia Nghia Green Renewable Energy Investment and Trading JSC (in Thanh Hoa).

Da Nang City, central Vietnam on Saturday broke ground on the Lien Chieu container terminal project, which carries a price tag of more than VND45 trillion (US$2 billion), marking a significant step in the city’s long-term economic and logistics strategy.

The project, invested by a consortium of Hateco Group, Hateco Seaport Company and APM Terminals B.V. of the Netherlands, will be executed over a 10-year period from 2026 to 2036, divided into three phases.

Designed to meet international standards, the Lien Chieu container terminal will feature eight berths spanning a total length of 2,750 meters.

The terminal is capable of accommodating vessels of up to 18,000 TEU and will have a projected annual capacity of 5.7 million TEU, equivalent to roughly 74 million metric tons of cargo.

Within three years of its initial operational phase, throughput is expected to reach some four million TEU annually.

Strategically located along international maritime routes, the mammoth terminal sits at the terminus of the East-West Economic Corridor, a critical trade axis linking Vietnam with Southeast Asia and the Mekong subregion.

Beyond its function as a seaport, Lien Chieu container terminal is envisioned as a comprehensive logistics ecosystem, including integrated barge terminals, warehousing, customs inspection facilities, and container handling services, all connected directly to the national railway network to facilitate multimodal transport.

Tran Van Ky, a representative from the consortium, said that the terminal will adopt a ‘green and smart port’ model, incorporating advanced technologies such as the Internet of Things (IoT) and artificial intelligence (AI) to optimize operations.

Automation systems, clean energy usage, and ecofriendly equipment are expected to reduce emissions and align with both domestic and international environmental standards, positioning the terminal within global green supply chains.

​Chairman of the municipal administration Nguyen Manh Hung described the project as a strategic collaboration between public investment and private sector commitment, in line with national policies promoting private economic development.

He emphasized that the terminal would serve as a catalyst for the city’s growth, helping to complete a modern logistics network while reducing transportation costs for businesses.

Also, the project is expected to support sustainable urban expansion, separating cargo traffic from tourism flows and reinforcing Da Nang’s role as an international gateway.

Speaking at the groundbreaking ceremony, Deputy Prime Minister Pham Gia Tuc highlighted the project as a milestone in implementing Vietnam’s strategy for sustainable marine economic development.

He noted that the terminal would stimulate logistics services, industrial growth, and port-based urbanization, while also strengthening national defense and enhancing the country’s global standing.

VOV.VN - Vietnam’s imports of machinery and equipment rose sharply in early 2026, signalling robust investment activity and expanding production capacity.

Preliminary data from Vietnam Customs show that total imports of machinery and equipment reached US$18.56 billion as of April 15. In the first half of April alone, imports amounted to US$3.06 billion.

In March, the import value surged 37.3% compared to February and 14.6% year on year to over US$5.55 billion. For the first quarter of 2026, total imports of this category stood at nearly US$15.5 billion, up 22.7% from the same period last year.

China was the largest supplier, with shipments valued at nearly US$9.72 billion, up 25% year on year. Imports from this big market reached almost US$3.36 billion in March alone.

Other key suppliers included Japan, with nearly US$1.2 billion (down 2.3%), and Republic of Korea, with over US$1.15 billion (up 4.9%). Imports from ASEAN countries exceeded US$1 billion, rising 59.5%, while shipments from the EU generated US$862 million, up 19.3%. Imports from Taiwan (China) totalled US$407 million, an increase of 20%.

Machinery and equipment ranked as Vietnam’s second-largest import category, following computers, electronic products and components, which recorded nearly US$57 billion in import value as of mid-April.

The surge in machinery imports is largely driven by new investment projects and production expansion, particularly in the foreign-invested sector.

In 2025, total registered foreign direct investment (FDI) into Vietnam hit US$38.42 billion, up 0.5% year on year, marking the second-highest level on record. Notably, disbursed FDI rose 7.2% to a record US$25.35 billion, indicating strong investor commitment.

Rising machinery imports suggest that businesses are scaling up production, laying the groundwork for export growth in the coming quarters. Trade performance for the rest of the year is expected to remain positive as these investments begin to yield results.