Vietnam targets 6,000 MW offshore wind power in 2030-2035
Vietnam targets to add 6,000 MW of offshore wind power to its masterplan by 2030 and put the related projects into operation in 2030-2035, said Deputy Minister of Industry and Trade Nguyen Hoang Long.
Long made the statement at a Wednesday meeting with a German delegation, featuring Ambassador Helga Margarete Barth; Heiko Wuttke, CEO of renewable energy developer Pure New Energy (PNE); and Thorsten Fastenau, vice president of PNE.
Deputy Minister of Industry and Trade Nguyen Hoang Long at a working session in Hanoi on March 5, 2025. Photo courtesy of Cong Thuong (Industry & Trade) newspaper.
Vietnam aims to have 113,503-139,097 MW of offshore wind power by 2050, he added.
The country also plans to develop offshore wind energy and other renewables, including solar power, nearshore wind power, and land-based wind power, to manufacture new energy (green hydrogen and ammonia), serving both the domestic and export markets, Long said.
The country targets 15,000 MW of offshore wind power in 2035 and 240,000 MW in 2050 for new energy production, he added.
In reply, Ambassador Helga Margarete Barth said Germany highly rates Vietnam’s plans for new energy and renewable energy and is willing to cooperate with Vietnam, especially in wind power.
PNE started studying the $4.6 billion Hon Trau offshore wind power project in Vietnam in 2019. In November 2022, the company and the central coastal province of Binh Dinh signed a memorandum of understanding to deploy the project.
According to PNE, the project will be executed on Hon Trau island, 10 kilometers off the coast of De Gi estuary. The project is designed to have a capacity of 2,000 MW and be implemented in three phases. Some 50 turbines are slated to be installed in each phase.
Ten kilometers is less than the requirement of six nautical miles (11.1 kilometers) per the definition of offshore wind energy stipulated in the Electricity Law 2024.
- Related News
- Read More
Vietnamese property major Hoang Huy’s subsidiary eyes HCMC bourse listing in H2
CRV Real Estate Group JSC, a member of Vietnam's major property developer Hoang Huy Group (TCH), seeks to list its shares on the Ho Chi Minh City Stock Exchange (HoSE) in the second half of this year.
Real Estate - Tue, June 17, 2025 | 8:52 am GMT+7
Southern Vietnam province Kien Giang seeks private investment for 40 key projects
The Mekong Deleta province of Kien Giang has announced a list of 40 projects calling for private investment in 2025, with total capital of over VND226.7 trillion ($8.7 billion).
Industries - Mon, June 16, 2025 | 11:45 pm GMT+7
ASEAN poised for greater role in global economy
ASEAN could emerge as the world's fourth-largest economy in the coming decades but the regional bloc must accelerate integration, strengthen institutions, and adapt to global shifts to realize this potential, experts have said.
Southeast Asia - Mon, June 16, 2025 | 11:34 pm GMT+7
Indonesia prioritizes private investment in infrastructure projects
Indonesian President Prabowo Subianto has emphasised that Indonesia will facilitate greater participation of both domestic and international private companies in infrastructure development, aiming to ensure equitable growth opportunities and advance the country’s “Golden Indonesia 2045” vision.
Southeast Asia - Mon, June 16, 2025 | 11:30 pm GMT+7
Honda Vietnam reports strong growth in motorcycle and car sales
Honda Vietnam (HVN) recorded significant sales growth in both motorcycle and automobile segments in May 2025, with year-on-year increases of 8.2% and 25.9%, respectively.
Companies - Mon, June 16, 2025 | 11:24 pm GMT+7
Vietnam’s rice export prices fall nearly 19% despite growing volume
Vietnam’s rice industry is facing a steep drop in export prices, even as shipment volumes climb, underscoring the challenges of a volatile global grain market.
Companies - Mon, June 16, 2025 | 11:20 pm GMT+7
Vietnam Airlines invests $69 mln in 2 projects at Long Thanh airport
National flag carrier Vietnam Airlines on Sunday kicked off construction on an in-flight catering facility and an aircraft maintenance complex at the under-construction Long Thanh International Airport in southern Vietnam, with a total investment of nearly VND1.8 trillion ($69 million).
Infrastructure - Mon, June 16, 2025 | 9:41 pm GMT+7
Prime Minister okays 1,881-hectare free trade zone in central Vietnam
Prime Minister Pham Minh Chinh has approved the establishment of Danang Free Trade Zone (FTZ), which will cover approximately 1,881 hectares across seven non-contiguous locations.
Economy - Mon, June 16, 2025 | 9:25 pm GMT+7
Vietnam parliament passes historic revised law on local government organisation, establishing two-tier model
The National Assembly, Vietnam's legislature, on Monday endorsed the revised Law on Local Government Organization, with 100% of the 466 members present voting in favor.
Politics - Mon, June 16, 2025 | 5:01 pm GMT+7
Vietnamese fruit and vegetable export to EU grows 33% in 4 months
Vietnamese fruits and vegetables such as mangoes, pistachios, pineapples, and coconuts are gaining popularity in the European market, with export revenues rising sharply in Jan-April by as much as 41% to 200% year-on-year.
Economy - Mon, June 16, 2025 | 4:19 pm GMT+7
Vietnam's oil shipping major PVTrans to pay record high dividend
PetroVietnam Transportation Corporation (PVTrans), a subsidiary of state-owned Petrovietnam, will issue nearly 113.9 million shares to pay 2024 dividends, raising its charter capital to VND4,699 billion (over $180 million).
Companies - Mon, June 16, 2025 | 3:51 pm GMT+7
How retail giant Aeon Mall rapidly expands presence in Vietnam
Japanese retailer Aeon Mall has employed a consistent strategy to expand its footprint across Vietnam: partnering with domestic companies that possess land funds earmarked for commercial real estate development.
Real Estate - Mon, June 16, 2025 | 12:10 pm GMT+7
Two Vietnamese stocks face bourse delisting for information disclosure violations
Nam Song Hau Trading and Investing Petroleum JSC (PSH) and Koji Asset Investment JSC (KPF) are facing mandatory delisting from the Ho Chi Minh Stock Exchange (HoSE) due to serious breaches of information disclosure regulations.
Finance - Mon, June 16, 2025 | 9:20 am GMT+7
MBBank offers free app for business households' sales management, electronic invoice issuance
MBBank (MB) is offering its mSeller application for free – a solution to support sales management and issuance of electronic invoices exclusively for business households, small traders, and micro-sized enterprises.
Companies - Mon, June 16, 2025 | 9:05 am GMT+7
How to invest in a volatile Vietnamese stock market
After a strong recovery from the market bottom of 2025 on April 9, the VN-Index has entered a correction phase, with six out of eight sessions showing declines between June 4 and Friday, June 13.
Finance - Mon, June 16, 2025 | 8:00 am GMT+7
Third round of Vietnam-US reciprocal trade pact talks sees 'significant progress'
The third technical round of negotiations for a reciprocal trade agreement between Vietnam and the U.S. has concluded in Washington, D.C., with "significant progress made and gaps narrowed in all areas of negotiation," according to Vietnam’s Ministry of Industry and Trade.
Economy - Sun, June 15, 2025 | 9:57 pm GMT+7
