The Thai Binh Liquefied Natural Gas (LNG) Power Plant is located in Dong Thai Ninh Commune, Hung Yen Province, and is developed by Thai Binh LNG Power Joint Stock Company with a total investment of approximately USD 2.7 billion (equivalent to VND 47 trillion).

The project covers an area of 269 hectares, including 57 hectares onshore and 212 hectares offshore, with a designed capacity of 1,500 MW and an estimated annual electricity output of 9–10 billion kWh.

Construction officially commenced on October 10, 2025, and the project is expected to be completed in Q4 2029.