Prime Minister Pham Minh Chinh attended the ground-breaking ceremony for the first phase of the Tan Trao Industrial Park (IP) infrastructure development project and the Hai Phong liquefied natural gas (LNG)-fueled thermal power plant in the northern port city of Hai Phong on September 26, according to a report from the Vietnam News Agency.

The Tan Trao IP, developed by Vinhomes Hai Phong Industrial Zone Investment JSC, covers nearly 227 hectares in Kien Hung and Nghi Duong communes during its first phase, with investment exceeding VND4 trillion ($153.8 million).

Scheduled for completion within five years, the IP aims to serve as a new growth driver, enhance local investment attractiveness, and become a model for Vietnam’s industrial hubs. It is expected to attract projects in advanced industries such as electronics, telecommunications, pharmaceuticals, supporting industries, new materials, and clean and renewable energy.

Located within the park, the Hai Phong LNG-fueled thermal power plant is a joint venture between Vingroup JSC and VinEnergo Energy JSC. Spanning nearly 100 hectares with total investment surpassing VND178 trillion ($6.74 billion), the plant is designed with a total capacity of 4,800 MW (1,600 MW in the first phase and 3,200 MW in the second).

The plant is slated to begin operations in late 2030, producing about 9.6 billion kWh annually in its first phase and 19.2 billion kWh in the second. Once completed, it will be Vietnam’s largest thermal power facility and one of the world’s leading LNG-to-power plants.