Activities

EVNSPC and IMG Phuoc Dong sign strategic cooperation agreement to invest in 110kV power system, ensuring stable electricity supply for Phuoc Dong Port Industrial Park and Hoa Phat Long An Steel Rolling Mill

On September 10, 2025, at the Southern Power Corporation (EVNSPC) headquarters in Ho Chi Minh City, IMG Phuoc Dong Joint Stock Company (IPD) and EVNSPC officially signed a cooperation agreement to invest in and construct a 110kV transmission line and substation at Phuoc Dong Port Industrial Park. The project aims to ensure timely and stable electricity supply for enterprises operating in the industrial park.

According to reports from Vietnam Electricity (EVN) and assessments by large power-consuming enterprises, Can Duoc is considered one of the most reliable areas for ensuring a steady electricity source for businesses.

The agreement between EVNSPC and IMG Phuoc Dong marks a major step forward in energy infrastructure development, laying a solid foundation for Phuoc Dong Port Industrial Park to attract and accommodate strategic investors, including Hoa Phat Long An Steel Rolling Mill - one of the largest power consumers in the region.

EVNSPC commits to key power infrastructure investment

Under the agreement, EVNSPC will directly invest in the construction of the 110/22kV Phuoc Dong Port substation (designed capacity: 4x63MVA) and a synchronized transmission line connected to the Can Duoc – Go Cong 110kV grid. The committed electricity supply timeline is as follows:

• 120MVA capacity by January 2027

• 200MVA capacity by June 2027, meeting the urgent power needs of Hoa Phat Long An Steel Rolling Mill and other investors in the industrial park

Mr. Bui Quoc Hoan, Deputy CEO of EVNSPC, emphasized:

“EVNSPC is committed to working alongside IMG Phuoc Dong in developing a modern, synchronized power infrastructure system, ensuring continuous, safe, and efficient electricity supply for all investors in the industrial park. This is not only an energy project, but also a joint effort to accelerate industrialization and foster economic growth in Tay Ninh Province.”

Figure 1 – Leaders of both parties exchange the cooperation agreement on investing in 110kV power infrastructure at Phuoc Dong Port Industrial Park.

IMG Phuoc Dong affirms its responsibility and pioneering role

On the enterprise side, IMG Phuoc Dong will work closely with EVNSPC and the People’s Committee of Tay Ninh Province on legal procedures, planning adjustments, investment approvals, and land clearance compensation. In the near future, IPD also stands ready to cooperate with EVNSPC in directly investing in power supply projects for Tan Lan 1, Tan Lan 2, Tan Lan 3 Industrial Parks and surrounding areas, as well as other industrial parks developed by IPD in Tay Ninh Province.

A representative of IMG Phuoc Dong JSC emphasized:

“The strategic cooperation with EVNSPC to invest in power infrastructure for Phuoc Dong Port Industrial Park reflects the implementation of major policies of the Party, the State, and Tay Ninh Province. The year 2025 marks a turning point for the country, with Resolution 68 serving as a driving force for both enterprises and local authorities to accelerate progress toward elevating Vietnam to new heights.

In particular, this partnership concretizes the spirit of Resolution 70-NQ/TW (2025) of the Politburo on ensuring national energy security through 2030, with a vision to 2045.

At present, IMG Phuoc Dong is collaborating with the Shenzhen Government (China) to establish a high-tech industrial park that prioritizes renewable energy, green energy, carbon reduction, and supports investors in meeting ESG standards. Naturally, these core issues are also being strongly emphasized at Phuoc Dong Port Industrial Park.”

IMG Phuoc Dong has been and continues to provide maximum support to investors in the industrial park, considering it a central mission of the IP.

Figure 2 – Panoramic view of Phuoc Dong Port Industrial Park, developed by IMG Phuoc Dong Joint Stock Company (IPD), a member of IMG Group’s ecosystem.