Samsung Plans to Invest into Vietnam’s Power Industry

By StoxPlus, September 5th, 2013

Samsung Asia Pte. Ltd –the South Korean mobile phone group plans to pour its money into Vietnam’s power sector, the portal of Vietnam’s customs reported.

In details, Samsung will invest in one of Vietnam’s hydropower plants in the Central or South of Vietnam. It this month [Sep], the group will make its survey in 5 hydropower plants in the Central and the South to choose the suitable project, the Customs’ portal reported, citing information from the Energy Department under the Ministry of Industry and Trade (MoIT).

Samsung and consulting unit-Energy Department are expected to conduct a survey at 5 hydropower plants, including Quynh Lap 2 Power Plant (in Nghe An province), Vung Ang 3 Power Plant  (in Ha Tinh province), Quang Trach 2 Power Plant (in Quang Binh province), Hau River 3 Power Plant (in Hau Giang province), and Kien Luong power plant (in Kien Giang province).

Earlier in the document No.6398/VPCP-QHQT dated Aug 1, 2013, the Deputy Prime Minister Hoang Trung Hai assigned MoIT to study and select one power project to cooperate with the Samsung Group .

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