Investment

The Hai Lang LNG Power Plant Project (Phase 1), with a capacity of 1,500 MW and a total investment of over VND53.6 trillion (over $2 billion), is finalizing procedures related to power purchase agreements, site clearance, and forest land use conversion.

Within the framework of the official visit by Party General Secretary To Lam and his Spouse to Finland from October 20-22, the two sides issued a Joint Statement on the establishment of a Strategic Partnership.

The two sides target to raise bilateral trade turnover to $25 billion per year.

Many investors from Singapore have expanded operations across sectors such as industry, energy, pharmaceuticals, and logistics in the northern province.

After more than 50 years of establishing diplomatic relations, economic and trade cooperation between the two countries has continuously developed, with Vietnam becoming Finland's largest trading partner in Southeast Asia.

Vietnam is currently an important link in many global supply chains, especially in textiles, footwear, electronics, agricultural products, and seafood.