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Vietnam Energy Forum

MOU Signing Ceremony between Korea Consortium and Trung Nam Group

 - On December 11, 2020, in Hanoi, Korea Consortium and Trung Nam Group, signed Memorandum of Understanding in the energy sector. Accordingly, the Korea Consortium will support the Trung Nam Group in developing energy projects in Vietnam.

Mr. Shin Byungchul - Senior Vice President, Hanwha Energy Corporation, General Director of Hanwha Energy Corporation Vietnam (Representative of Korea Consortium) and Mr. Nguyen Tam Tien - General Director of Trung Nam Group at the MOU signing Ceremony.

Korea Consortium was established in December 2019, consisting of Korea's leading energy companies including Hanwha Energy, KOGAS, KOSPO.

Hanwha Energy is a subsidiary of Hanwha Group which is one of the biggest conglomerates in South Korea doing business in Energy, petrochemical & materials, Aerospace & mechanics, Finance, Insurance, Service & Leisure, Construction and others.

KOGAS (Korea Gas Corporation) is the  biggest gas importer, owns and operates largest gas terminals and storages in the world.

KOSPO (Korea Southern Power Co.Ltd) is a generation corporation which owns and operates the largest gas power plant in Korea.

Korea Consortium is very interested in investment opportunities in Vietnam, developing strategic partnerships with Vietnamese enterprises with the desire to bring the best Korean resources including high-tech equipment, experience, finance and willingness to provide technology transfer to Vietnamese partners in the co-operation process of energy projects.

Trung Nam is a reputable corporation, has experience and capacity in the energy sector, has implemented construction and operation of many energy projects, most recently the Thuan Nam – the largest solar power plant in Southeast Asia with installed capacity of 450 MW, and the transmission line 500 KV Vinh Tan - Thuan Nam in Ninh Thuan province. Trung Nam Group is developing many large wind, solar…power projects nationwide.

The signing of a memorandum of understanding between the Korea Consortium and Trung Nam Group will contribute to the implementation of the Politburo's Resolution 55/NQ-TW on the orientation of Vietnam's national energy development strategy to the year 2030, with a vision to 2045, as well as contributing to the realization of the goal of increasing the Vietnam-Korea bilateral trade to US $ 100 billion by 2023.


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