On 25/5/2017, Ministry of Industry and trade and Sumitomo Corporation has signed investment agreement for BOT Thermal power plant Van Phong 1. This is an important project has motivated for Van Phong economic zone with a total registered capital is 2 billion dollars; the scale is 1,320 MW; investment location in South VanPhong (in Ninh Phuoc commune, Ninh Hoa town, Khanh Hoa province).