The 748-megawatt combined-cycle gas turbine facility was Vietnam’s first independent power project, and also the first build-operate-transfer power project in the country. It has significantly contributed not only to the development of the country’s power sector, but also to the overall economy in Vietnam. Phu My 3 accounts for around 3% of Vietnam’s total national power output.

Over the past years, Phu My 3 has successfully implemented many social investment projects in local communities in coordination with government authorities and agencies, and has contributed significantly to the community. In recognition of these contributions, the plant was awarded the First Class Labor Medal by the government of Vietnam. Phu My 3 was previously also awarded a Third Class medal in 2009, and a Second Class medal in 2014.

The Phu My 3 Power Plant was transferred to Vietnam Electricity (EVN) on 1 March 2024 after 20 years of successful commercial operations.