Central Vietnam province Gia Lai okays 3 large-scale wind power projects

By Minh Hue
Fri, October 24, 2025 | 12:01 pm GMT+7

Gia Lai province has granted in-principle approvals to three large-scale wind power projects with total registered capital mounting to VND19.35 trillion ($734.9 million).

A wind power project in the former Binh Dinh province, now part of Gia Lai province, central Vietnam. Photo by The Investor/Nguyen Tri.

A wind power project in the former Binh Dinh province, now part of Gia Lai province, central Vietnam. Photo by The Investor/Nguyen Tri.

The south-central coastal province of Binh Dinh, which boasts great potential for wind power development, and the Central Highlands province of Gia Lai were merged in July to form the new Gia Lai.

The projects include the 146MW Vinh Thuan wind power plant, the 160MW Van Canh 1 wind power plant, and the 180MW Van Canh 2 wind power plant.

According to the provincial People’s Committee, the three projects will be developed upon investor selection via bidding. Each project will operate for 50 years and is expected to be completed within 36 months.

The Vinh Thuan plant will cover over 50 hectares in Vinh Quang commune (formerly Vinh Thuan commune, Vinh Thanh district, Binh Dinh province). The project has a designed capacity of 143 MW, producing an estimated 239.9 million kWh annually, and will connect to the 110 kV national power grid.

Its total investment is VND4.68 trillion ($177.74 million), including VND4.65 trillion for construction costs and the remainder allocated for land compensation and resettlement.

The Van Canh 2 plant will occupy over 62 ha in Canh Lien and Van Canh communes. It will have a capacity of 180 MW, generating about 632.2 million kWh per year, and will connect to the 220 kV grid.

The project’s total investment exceeds VND7.77 trillion ($295 million), with VND7.74 trillion for implementation and VND27 billion for land compensation and resettlement.

Investor selection is scheduled for Q2/2026, with construction starting in Q2/2026, completion expected in Q3/2028, and commercial operation in Q4/2028.

Meanwhile, the Van Canh 1 plant will cover 56 hectares in Canh Lien Commune, with a designed capacity of 160 MW and an investment of VND6.9 trillion ($262 million).

The Gia Lai People’s Committee has required investors to ensure that all equipment used in the three projects has verified origins and meets technical and safety standards as assessed by competent authorities.

Developers must also survey forest conditions to determine the affected forest area and complete procedures to convert land-use purposes per regulations.

These three wind power projects, along with the Hon Trau wind power plant (Phase 1) (49.22 ha, 750 MW), are among 22 land-use projects approved by the provincial People’s Council in May 2025 for investor selection through bidding.

All the projects are included in the adjusted National Power Development Plan for 2021-2030, with a vision to 2050 (PDP VIII).

The Van Canh 1 and Van Canh 2 projects were proposed by Nam Hai Technology Co., Ltd., which installed wind-measurement towers in August 2024. Similarly, the Vinh Thuan plant was proposed by WPD Vietnam, a subsidiary of Germany’s WPD Group, which began collecting wind data in July 2024.

At the Gia Lai Investment Promotion Conference 2025 in August, provincial authorities signed an MoU on collaboration with VinEnergo JSC, a subsidiary of Vietnam’s leading private conglomerate Vingroup, to develop renewable energy across Gia Lai with a total capacity of 20 GW and an estimated investment of $24 billion by 2035.

Previously, Singapore-headquartered Nexif Ratch Energy SE Asia Co., Ltd. had been selected as the investor for the VND5.7 trillion ($216.3 million) Van Canh Binh Dinh wind power plant project in the province.

The plant will have a designed capacity of 143 MW, generating approximately 391.8 million kWh of electricity per year. It is expected to be fully completed within 36 months from the date the investor is officially approved.

Comments ( 0)
  • Read More
Non-life insurer PVI, chamber of commerce VCCI partner to enhance business competitiveness

Non-life insurer PVI, chamber of commerce VCCI partner to enhance business competitiveness

PVI Insurance, a leading non-life insurer in Vietnam, and the Vietnam Chamber of Commerce and Industry (VCCI) have signed a cooperation agreement to establish their comprehensive partnership for 2026-2027.

Companies - Sun, May 24, 2026 | 1:56 pm GMT+7

Japan’s Nissha acquires 60% of Vietnam stent maker in Southeast Asia push

Japan’s Nissha acquires 60% of Vietnam stent maker in Southeast Asia push

Japan’s technology group Nissha has completed the acquisition of a 60% stake in USM Healthcare Medical Devices Factory JSC (USM Healthcare), a Vietnam-based cardiovascular stent manufacturer, expanding its footprint in Southeast Asia.

Companies - Sun, May 24, 2026 | 10:10 am GMT+7

Vietnam’s fast-food industry expands 13% as chains pivot beyond major cities, KFC leads growth

Vietnam’s fast-food industry expands 13% as chains pivot beyond major cities, KFC leads growth

Vietnam’s fast-food sector is experiencing a robust post-pandemic revival, with the total number of outlets nationwide projected to grow to 1,156 in 2026, up from 1,022 last year, or 13%, according to a recent market report by research firm Q&Me.

Economy - Sun, May 24, 2026 | 8:00 am GMT+7

From satellite internet to device manufacturing: Amazon expands ambitions in Vietnam

From satellite internet to device manufacturing: Amazon expands ambitions in Vietnam

Amazon aims to position Vietnam as a manufacturing hub for selected devices serving global exports, said David Zapolsky, the giant's senior vice president and chief global affairs and legal officer.

Companies - Sat, May 23, 2026 | 10:35 pm GMT+7

PV Gas H1 profit likely to exceed 70% of full-year target

PV Gas H1 profit likely to exceed 70% of full-year target

PV Gas, a subsidiary of state-owned Petrovietnam, expects to exceed 70% of its full-year profit target in the first six months of 2026, supported by stable domestic gas supply and expanding market share amid global energy disruptions caused by Middle East geopolitical tensions.

Companies - Sat, May 23, 2026 | 1:50 pm GMT+7

Infrastructure builder Deo Ca must be a 'durable horse' for the long road: chairman 

Infrastructure builder Deo Ca must be a 'durable horse' for the long road: chairman 

Ho Minh Hoang, chairman of Deo Ca Traffic Infrastructure Investment JSC (HHV), a leading transport infrastructure developer in Vietnam, said the company should not seek overnight expansion but instead pursue disciplined and sustainable long-term growth.

Companies - Sat, May 23, 2026 | 8:17 am GMT+7

Agribank advances ESG implementation, strengthening foundation for sustainable development

Agribank advances ESG implementation, strengthening foundation for sustainable development

As sustainable development becomes an increasingly important requirement for the financial and banking sector, Agribank is steadily reaffirming its development orientation aligned with environmental, social, and governance (ESG) principles.

Companies - Fri, May 22, 2026 | 4:24 pm GMT+7

Two Hermes bags of convicted tycoon Truong My Lan fetch $531,000 at auction

Two Hermes bags of convicted tycoon Truong My Lan fetch $531,000 at auction

Two luxury Hermes handbags belonging to tycoon Truong My Lan, chairwoman of Van Thinh Phat, were successfully auctioned in Ho Chi Minh City, generating more than VND14 billion ($530,970) for asset recovery efforts tied to one of Vietnam’s largest financial fraud cases.

Companies - Fri, May 22, 2026 | 4:09 pm GMT+7

Vietnam’s cosmetics retail market keeps expanding but at slow pace

Vietnam’s cosmetics retail market keeps expanding but at slow pace

Vietnam’s cosmetics retail market continued expanding in 2026, though the pace of store openings has begun to moderate after years of rapid growth, according to market research firm Q&Me.

Economy - Fri, May 22, 2026 | 3:53 pm GMT+7

Major Vietnam conglomerates deepen presence in agriculture sector

Major Vietnam conglomerates deepen presence in agriculture sector

The growing presence of both long-established agricultural companies and newly participating private conglomerates is reshaping Vietnam’s agriculture sector into a more diversified industry landscape.

Companies - Fri, May 22, 2026 | 3:27 pm GMT+7

Tai Tam expands energy portfolio with $70 mln wind power project in central Vietnam

Tai Tam expands energy portfolio with $70 mln wind power project in central Vietnam

A nearly VND1.85 trillion ($70.26 million) wind power project in Gia Lai province marks a new step in Tai Tam Group JSC’s strategy to expand its renewable energy ecosystem.

Energy - Fri, May 22, 2026 | 11:38 am GMT+7

Vietnam's wealth management market offers hundreds of billions of US dollars in growth potential

Vietnam's wealth management market offers hundreds of billions of US dollars in growth potential

As Vietnam’s middle class expands rapidly and demand for wealth accumulation rises, the country’s wealth management market is entering a strong growth phase, with potential to reach hundreds of billions of U.S. dollars in the coming years.

Finance - Fri, May 22, 2026 | 10:47 am GMT+7

Winner Medical starts building $61 mln medical supplies plant in northern Vietnam

Winner Medical starts building $61 mln medical supplies plant in northern Vietnam

Nature Health Development International Co. Ltd, a Hong Kong-based subsidiary of China's Winner Medical, has broken ground on a medical supplies manufacturing plant worth over VND1.5 trillion ($60.5 million) in Vietnam’s northern province of Quang Ninh.

Investing - Fri, May 22, 2026 | 7:48 am GMT+7

Dragon Capital Vietnam veteran Tran Thanh Tan steps down as vice chairman

Dragon Capital Vietnam veteran Tran Thanh Tan steps down as vice chairman

Dragon Capital Vietfund Management (DCVFM), a subsidiary of Vietnam-focused asset manager Dragon Capital Group, has approved the resignation of Tran Thanh Tan from his position as vice chairman, marking a major leadership transition at one of Vietnam’s oldest foreign fund management firms.

Finance - Thu, May 21, 2026 | 5:09 pm GMT+7

M&A set to drive Vietnam’s hospitality market in 2026

M&A set to drive Vietnam’s hospitality market in 2026

Analysts expect mergers and acquisitions (M&A) to accelerate sharply in Vietnam’s hotel and resort sector in 2026, particularly in the four-star and five-star segments in Hanoi and Ho Chi Minh City, as tourism recovery strengthens and investors hunt for premium assets.

Real Estate - Thu, May 21, 2026 | 4:01 pm GMT+7

Vietnam’s convenience store boom shifts beyond major cities as chains race for scale

Vietnam’s convenience store boom shifts beyond major cities as chains race for scale

Vietnam’s convenience store and mini-supermarket sector is expected to post another year of rapid expansion in 2026, driven by aggressive store openings from leading retail chains and a strategic push into smaller cities and rural areas, according to market research firm Q&Me.

Companies - Thu, May 21, 2026 | 3:26 pm GMT+7