On March 22, 2025, in Phu Phong town, Tay Son district, Binh Dinh province, the People’s Committee of Binh Dinh province solemnly held the Inauguration Ceremony for Phu Phong Dam Project. Prime Minister Pham Minh Chinh attended and directed the Ceremony.

Attending the Ceremony, included Mr. Le Hai Binh – Alternate member of the Party Central Committee, Permanent Deputy Minister of Culture, Sports and Tourism; Mr. Trinh Manh Linh, Deputy Head of the Government Office; Mr. Nguyen Viet Hung, Deputy Minister of Construction; Mr. Do Thanh Trung, Deputy Minister of Finance; Mr. Vo Van Hung, Deputy Minister of Agriculture and Environment; Mr. Hoang Minh, Deputy Minister of Science and Technology; Mr. Nguyen Hoang Long, Deputy Minister of Industry and Trade; and representatives of leaders of ministries, departments, branches and central agencies.

On the provincial side, the Ceremony was attended by Mr. Ho Quoc Dung – Member of the Party Central Committee, Secretary of the PPC, Chairman of the Provincial People’s Council; Mr. Le Kim Toan – Standing Deputy Secretary of PPC, Head of the Provincial National Assembly Delegation; Mr. Pham Anh Tuan – Deputy Secretary of the PPC, Chairman of the Provincial People’s Committee; members of the PPC Standing Committee; representatives of leaders of departments, branches, localities, etc.

Speaking at the Ceremony, Prime Minister Pham Minh Chinh emphasized that although the investment capital for Phu Phong dam project is not too large, the project is built very beautifully. This project is of great significance to the socio-economic development of Tay Son district in particular and Binh Dinh province in general. The project will serve many purposes such as providing irrigation water for agricultural production, creating livelihoods for people, contributing to ecological regulation for the whole region. The reservoir is also used for aquaculture and tourism development. In addition, this project also connects traffic, supports power generation and provides underground water for people’s daily life.

Phu Phong dam project started construction on February 15, 2022, in Tay Son district, Binh Dinh province. Construction Joint Stock Company 47 (HOSE: C47) is the leading member of the consortium undertaking the construction of Package No.01-XL: Construction and installation for the entire project. The project has a total investment of more than VND 754 billion, of which the central budget is VND 550 billion, the rest is local budget capital. Phu Phong dam is 590m long, built of reinforced concrete, with NWL at +18.0m. The project ensures irrigation water supply for 465 hectares of agricultural land, meeting the needs of daily life, industrial production, aquaculture, supplementing groundwater sources and improving the ecological environment. In addition, the dam also connects traffic in the area and takes advantage of the water flowing through to generate electricity with capacity of 2.9 MW.

Construction Joint Stock Company 47 is an enterprise with nearly half a century of tradition in the construction sector, especially with outstanding capacity in the construction of irrigation and hydroelectric works. In the past 15 years, C47 has completed more than 30 irrigation and hydropower projects nationwide costed over VND 20,000 billion. Currently, C47 is participating in a series of large projects in Vietnam and Lao PDR such as: Hoa Binh Hydropower Plant Expansion Project (Hoa Binh province), Cat Tien – Diem Van coastal road project (Binh Dinh province), Bac Ai Pumped Storage Hydropower Project, Phase 2 (Ninh Thuan province); Ta Hoet Reservoir and Ka Zam Reservoir projects (Lam Dong province), Nam Phak Hydropower Project, Nam Neun 1 Hydropower Project (Lao PDR), etc. With a team of experienced engineers and workers and a system of modern equipment and technology, C47 constantly innovates, improves construction capacity, ensures project quality and progress. Thanks to that, the company affirms its solid position in the hydraulic construction industry, making an important contribution to the sustainable development of water and energy industry in Vietnam and Lao PDR.

The inauguration of Phu Phong Dam not only contributes to the local socio-economic development but also has special significance when it is completed on the occasion of the 50th anniversary of the liberation of Binh Dinh province (March 31, 1975 – March 31, 2025).

On March 8, 2025, the “Green Journey, Digital Knowledge” project was inaugurated and handed over at Ky Hai Primary & Secondary School, Ky Anh District, Ha Tinh Province. The ceremony was attended by representatives of the main sponsors, including Construction Joint Stock Company 47 (CC47), Vu Phong Energy Group, and implementing units such as Xanh Yêu Thương, AI Education, JCI South Saigon, among others. This event marked the first successful milestone in the project’s journey to improve green infrastructure and promote digital transformation for future generations.

The “Green Journey, Digital Knowledge” Project at Ky Hai Primary & Secondary School

Ky Hai Primary & Secondary School is the first school in the project’s series of initiatives, launched in October 2024. The project focuses on constructing and upgrading key facilities, including: modern and environmentally friendly restroom systems integrated with solar power to ensure students’ living conditions; providing digital learning equipment such as laptops and implementing the Google Workspace for Education ecosystem to enable students to access knowledge through modern methods.

The “Green Journey, Digital Knowledge” project is a multi-stakeholder initiative in celebration of the 50th anniversary of Construction Joint Stock Company 47, aiming to build and enhance infrastructure in schools located in remote areas while promoting digital transformation in education. With a phase-one budget exceeding 5 billion VND, the project is expected to have a positive impact on 5,000 students annually across 10 primary and secondary schools in Vietnam and potentially extend to Southeast Asia.

During the event, Mr. Pham Nam Phong, Chairman of the Board of Directors of Construction Joint Stock Company 47 and Vu Phong Energy Group, emphasized: ‘We believe that the project “Green Journey, Digital Knowledge” – a multi-stakeholder initiative at the first school site – not only brings practical changes for students at Ky Hai Primary and Secondary School but also contributes to promoting sustainable development goals by improving infrastructure and enhancing digital transformation in education. I believe this will be one of the key steps towards building a sustainable future for the younger generation.
In addition, following the inauguration, the project implementer, AI Education, will conduct an advanced capacity training program for teachers at the school, applying digital tools to optimize educational efficiency. At the same time, the teachers will be awarded the “Google Educator” certification, granted by Google for Education. This will enable them to apply the Google Workspace for Education ecosystem in their teaching practices.
Continuing the journey of the project in Vinh Thanh district, Binh Dinh Province
Not stopping at Ky Hai, “Green Journey, Digital Knowledge” will continue to expand to other schools in a series of activities. In the next phase, the project is expected to commence construction in early 2025 at the following schools: Vinh Thanh Town Primary School and Vinh Son Ethnic Minority Semi-Boarding Secondary School in Vinh Thanh District, Binh Dinh Province.
‘Green Journey, Digital Knowledge’ is a harmonious combination of green transformation and digital transformation, aiming for cooperative development towards sustainable development goals. With this project, Construction Joint Stock Company 47 and its partners not only aim to improve learning and living conditions for students but also to promote comprehensive transformation, where digital technology and green energy become the foundation for the future.

The project ‘Green Journey, Digital Knowledge’ is a harmonious combination of green transformation and digital transformation, aiming for sustainable development goals. Construction Joint Stock Company 47 takes pride in contributing to improving learning and living conditions for students, while also promoting comprehensive transformation where digital technology and green energy serve as the foundation for the future.
Construction Joint Stock Company 47 sincerely thanks the valuable contributions of partners and the community in realizing this project, helping the younger generation access modern knowledge and build a solid foundation for long-term sustainable development.

On February 22, 2025, in Bac Ai District, Ninh Thuan Province, Electricity of Vietnam (EVN) and Power Project Management Board No.3 organizing the Groundbreaking Ceremony for construction of Bac Ai Pumped Storage Hydropower Project – Phase 2.

Attending the Ceremony, on behalf of Ninh Thuan Province: Mr. Pham Van Hau – Permanent Deputy Secretary of Provincial Party Committee and Chairman of Provincial People’s Council; Mr. Tran Quoc Nam – Deputy Secretary of Provincial Party Committee and Chairman of Provincial People’s Committee; along with representatives from Provincial Party Standing Committee, Vietnam Fatherland Front Committee, Provincial People’s Committee, Leaders of provincial departments and agencies; representatives of Party Committee and authorities of Bac Ai and Ninh Son districts; and local residents from the project area.

Representing the Departments and Units under Ministry of Industry and Trade: Mr. Tran Hoai Trang – Deputy Director General of Power and Renewable Energy Authority; Representing Electricity of Vietnam (EVN): Mr. Nguyen Anh Tuan – General Director of EVN; Members of EVN Board of Members; Members of EVN Executive Board; Chairman of EVN Trade Union; Leaders of Departments, Office of EVN, and Power Project Management Board No.3.

Representing the Contractor Consortium: Mr. Duong Minh Quang – Member of Board of Directors and General Director of Construction Joint Stock Company 47 (HOSE: C47); Representatives of leadership from Lung Lo Construction Corporation, Song Da Corporation, Lilama 10 Joint Stock Company, SCI E&C Joint Stock Company, Truong Son Construction Corporation, and Vietnam Construction and Import-Export Corporation.

Bac Ai Pumped Storage Hydropower Project will operate based on a mechanism of pumping water from the lower reservoir to the upper reservoir during periods of excess electricity and releasing water from the upper reservoir to generate power during peak demand. This model helps stabilize the power grid, enhances energy storage capacity, and optimizes the utilization of renewable energy sources such as wind and solar power.

According to EVN leaders, Bac Ai Pumped Storage Hydropower Project was approved by the Prime Minister under National Power Development Plan for period 2021–2030, with vision toward 2050. The project has total capacity of 1,200MW, including four turbine/pump-generator/motor units, with capacity of 300 MW of each. Total investment cost of the project is approximately VND 21,100 billion invested by the EVN. The project’s funding is arranged through loans and EVN’s allocated capital. The first unit is expected to be completed by December 2029, the fourth unit by December 2030, and the entire project by May 2031.

This is the first pumped storage hydropower project to be built in Vietnam and one of EVN’s key projects for 2025.

Besides of Bac Ai Pumped Storage Hydropower Project, C47 is currently under construction of major projects both in homeland and oversea, including Nam Phak and Nam Neun 1 hydropower projects in Lao PDR; Hoa Binh Hydropower Plant Expansion Project (Hoa Binh Province, Vietnam), Cat Tien – Diem Van Coastal Road Project (Binh Dinh Province, Vietnam), Ka Zam Reservoir Project (Lam Dong Province, Vietnam).

Implementation of the Phase 2 of Bac Ai Pumped Storage Hydropower Plant, not only reaffirms the commitment of the Government on sustainable energy development but also open the opportunities for cooperation and investment in the advanced energy storage technology. This model is expected to be further studied and expanded in the future to meet the country’s growing electricity demand.

Through the national bidding competitive protocol via the electronic bidding system, Construction Joint Stock Company 47 (HOSE: C47) – A member of the Consortium of Contractors including: Lung Lo Construction Corporation, Song Da Corporation, LILAMA 10 Joint Stock Company, SCI E&C Joint Stock Company, Truong Son Construction Corporation and Vietnam Construction and Import-Export Joint Stock Corporation won the bid for Package 02XL-BA with total value of VND 4,334 billion.

On February 13, 2025, in Hanoi, Electricity of Vietnam (EVN) officially held the Contract Signing Ceremony for Package No. 02XL-BA: Construction and Installation of Bac Ai Pumped Storage Hydropower Project for Phase 2, Stage 1 between Electricity of Vietnam (EVN) and the Consortium of Contractors.

Attending the Signing Ceremony were Mr. Tran Hoai Trang – Deputy General Director of Department of Power and Renewable Energy, Ministry of Industry and Trade; Mr. Herve Conan – Director of French Development Agency (AFD) in Vietnam. On the EVN’s side, there were Mr. Nguyen Anh Tuan – General Director of EVN, the members of EVN Board of Members, the Management Board of EVN, representatives of Power Project Management Board 3 (EVNPMB3). On the side of the Consortium of Contractors including: Representative of Construction Joint Stock Company 47, Mr. Duong Minh Quang – Member of BOD and General Director; Representatives of the Leaders of Lung Lo Construction Corporation, Song Da Corporation, Lilama 10 Joint Stock Company, SCI E&C Joint Stock Company, Truong Son Construction Corporation, Vietnam Construction and Import-Export Joint Stock Corporation.

The Package No.02XL-BA is the main package of Bac Ai Pumped Storage Hydropower Project with the key tasks: Construction and installation of main works (Pressure Tunnels, Upstream Surge Tank, Underground Powerhouse and 500kV Switchyard, Discharge Tunnel, Downstream Surge Tank, Downstream Valve Tower); Underground Tunnels and Adits; Access Roads for Construction and Operation; 22kV Power Supply System, Water Supply System for Construction and Domestic Use; Auxiliary Facilities, Worker Camps and Offices. Construction period is about 81 months. In particular, the generation progress of Unit #1 is scheduled for December 2029, Unit #2 for April 2030, Unit #3 for August 2030, Unit #4 for December 2030 and the entire Contract will be completed in May 2031.

The project is built in Bac Ai district, Ninh Thuan province, and is a part of the list of power source projects approved by the Prime Minister in the Decision No.428/QD-TTg dated March 18, 2016 on approval of the adjustment of National Power Development Plan for Period 2011-2020 with view to 2030 (Revised Power Plan VII). The project has a scale of 1,200 MW capacity (the largest in Southeast Asia) including four turbines/pumps-generators/units with a capacity of 300 MW/unit. Total investment of the project is about VND 21,100 billion, the capital sources for the project is arranged from loans and funds arranged by EVN. This is the first pumped storage hydropower project in Vietnam.

Previously, in the Phase 1, C47 had completed the “Discharge Gate Cluster” of the project ahead of schedule (15 days). The completion of Phase 1 of the project ahead of schedule not only demonstrates the capacity and spirit for responsibility of C47 but also contributes significantly to ensuring the overall progress of the entire project.

Following the success of the Phase 1, C47 continues to be trusted and selected by the Employer for construction of the Phase 2 of the Project. With participation in the Consortium of Contractors for Phase 2 continues affirming the reputation and capacity of C47 in the construction sector for the large-scale hydropower projects in Vietnam.