The Prime Master Plan had been approved by the Prime Minister in October this year.

The plant will add 233 million kWh per year to the national grid.

Under the master plan, during 2021-2030, the capital city targets to sustain an average annual GRDP growth of 8.5-9.5 percent, contributing to 15-16 per cent of the nation's GDP.

The sector disbursed nearly VND53 trillion (more than $2.08 billion) in the first 11 months of the year.

At the first meeting of the National Steering Committee for Semiconductor Industry Development on December 14, PM Pham Minh Chinh affirmed that the industry is Vietnam’s strategic choice and top priority.

Vietnam’s southern region continues to grow its appeal as the country’s key economic driver.