(HBO) – A joint venture project to implement "a green hydro power ship” in Hoa Binh province between Vietnam and the Republic of Korea (RoK) has been signed in Hanoi, with representatives of the RoK Government and relevant agencies of Vietnam in attendance.


The signing ceremony between the two power companies of Vietnam and the RoK

The floating power production project is to provide environmentally-friendly energy using new technology. Under the agreement on the project, the joint venture company will invest nearly 50 million USD to install 20 sets of the floating power generation system with a total capacity of 20 MV.

The company will ask for permission from authorities of Hoa Binh province and relevant Vietnamese agencies conduct surveys and carry out the project in the lower part of the Hoa Binh hydro power plant stretching to areas contiguous to Phu Tho province and Hanoi. Once launched in early 2018, the company will complete the installation of first horizontal turbines a capacity of 1 MV for the floating power generation system and begin generating electricity on the occasion of the National Day (September 2).



Directors of the two green power companies hand over the signed documents to each other, as witnessed by participants.

According to specialised agencies’ assessments, hydro power using the floating power generation system is more efficient than the traditional method due to the river’s flow will not be changed, opening up opportunities to maximise huge water resources of Vietnam’s river systems. It is also in line with the Party and State’s policy on clean and sustainable electricity development. 

The green power joint venture also holds a great importance on the occasion of the 25th anniversary of Vietnam-RoK diplomatic relations, and affirmed efforts of the two countries’ businesses in a series of event celebrating the APEC Economic Leaders’ Week in Vietnam

Related Topics


Workers excited to return to work after Tet

After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.

Sweet, fragrant red grapefruit of Tan Lac

Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness

Business association pledges support for local firms

The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.

Hoa Binh focuses on rural transportation infrastructure development

Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.

Two products in Hoa Binh have been recognized as “National OCOP products”

The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).

Bustling Tet market

As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.