Gigantic investment package: Gia Lai welcomes Sun Group and 42 projects!

Gigantic investment package: Gia Lai welcomes Sun Group and 42 projects!

A major investment promotion conference was held in Gia Lai Province on August 29, 2025. The provincial leaders presented Sun Group with an investment cooperation memorandum, which forms the basis for several large-scale projects. In total, investment certificates and memoranda for projects worth nearly VND 120,000 billion (approximately USD 4.6 billion) were awarded, which is expected to promote the region's economic development.

Sun Group plans to participate in three major projects in Gia Lai. These include a mixed urban, tourism and service project west of Thi Nai Lagoon covering an area of ​​3,384 hectares, as well as two other similar projects in Quy Nhon districts (3,100 hectares) and Cac Tien and De Gi municipalities (4,500 hectares). The total investment capital for these projects has not yet been disclosed.

Diverse investments in Gia Lai

During the event, a total of 27 projects from various sectors such as industry, energy, tourism and agriculture received their investment guidelines and certificates. The total capital of these projects exceeds VND 26,000 billion. Prominent projects include the VND5,700 billion Van Canh Wind Power Plant and the VND6,000 billion Phu My Port Project Phase 1. A multi-purpose apartment project and an international hospital as well as an industrial park are also part of the investment strategy.

In total, Gia Lai Province has signed investment cooperation agreements for 42 projects, with an estimated total capital of nearly VND93,500 billion. Key players in these agreements include companies such as Trung Nam Group with VND10,000 billion in renewable energy, the Nhon Hoa 1 and 2 wind turbines with VND15,500 billion, and various renewable energy and agriculture projects.

Renewable energies in focus

Another key player in the region is the Gia Lai Electricity Joint Stock Company (GEC), in which JERA holds approximately 35% of the outstanding shares. GEC has established itself as a leading renewable energy company in Vietnam and plans to expand into hydro, solar and wind energy. Through these initiatives, GEC intends to take a leadership role in the increasing demand for electricity in Vietnam, especially as domestic resources are depleted.

JERA considers Vietnam to be a priority country for LNG and renewable energy projects. With the aim of contributing to decarbonization and stable energy supplies, JERA sees great potential to support the country's growth.

These developments in Gia Lai reflect the growing willingness to invest in Vietnam and show how companies such as Sun Group and JERA are actively contributing to the region's economic and environmental future.