Trungnam Group, a leading player in the energy, construction and real estate sector in Vietnam, will be setting up the largest solar power plant in Southeast Asia region at an investment of 14 trillion VND ($592 million).

The 450MW solar plant, which will be built in the south central province of Ninh Thuan in Vietnam, is set to begin generating power by the year-end.

The construction of the solar farm in Phuoc Minh commune will start in the second quarter of this year and be completed in the fourth quarter, Vietnam News Agency (VNA), reported on Wednesday, quoting Trungnam Group, investor of the project.

Under its socio-economic master plan, Ninh Thuan province seeks to become Vietnam's renewable energy hub with a total capacity of 8,000MW by 2030, it added.