China's giant Huadian Group eyes enlarging renewable energy portfolio in Vietnam
Huadian Group, a wholly state-owned company of China, is keen to further invest in Vietnam’s renewable energy sector.
Peng Gangping, chairman of the group's board of directors, made the statement at a meeting with Vietnam's Prime Minister Pham Minh Chinh on Wednesday in Hanoi.
"Huadian aims to expand its presence in Vietnam's renewable energy landscape by launching more projects in biomass power, wind power, and energy storage in the provinces of Dak Lak, Tra Vinh, Quang Tri, and Lam Dong," he said.
Peng Gangping added that the corporation also plans to collaborate with Vietnamese research institutes and universities to facilitate technology transfer and workforce training.
PM Pham Minh Chinh (right) receives Peng Gangping, chairman of China's Huadian Group, in Hanoi, May 14, 2025. Photo courtesy of the government's news portal.
The Huadian chairman proposed the Vietnamese government expedite the finalization of investment policies for green energy projects, including wind, solar, biomass, hydrogen energy; energy storage; and pumped storage hydropower.
He emphasized the need for preferential policies that support the modernization of traditional energy systems, enhancing energy efficiency, reducing emissions, and upgrading existing coal-fired power plants.
Peng Gangping proposed the Vietnamese cabinet leader provide support in resolving challenges faced by current projects, speeding up the approval process, and facilitating projects' commercial operation.
He also asked for favorable conditions regarding site selection, land use, and implementation of new projects.
PM Chinh said he encourages Huadian to leverage its strengths and apply its expertise in ways tailored to Vietnam’s needs, contributing to Vietnam's energy security.
He welcomed the group’s continued investment in green energy projects, including wind, solar, biomass and hydrogen energy; energy storage; and pumped storage hydropower; as well as broader involvement in production and R&D.
The prime minister emphasized the importance of partnerships built on “shared benefits and shared risks”.
Huadian has invested approximately $2.8 billion in energy projects across Vietnam, with an installed capacity of 1.5 GW, according to Peng Gangping.
Its investment portfolio includes the Duyen Hai 2 thermal power plant in the southern province of Tra Vinh and four wind power projects in the Central Highlands province of Dak Lak.
The company is currently involved in four core areas: high-end equipment and technical systems, power plant investment and construction, clean energy, and environmental protection within the power sector.
It has total assets of over $100 billion and employs about 93,000 people globally.
- Related News
- Read More
Khanh Hoa invites strategic investors to Van Phong Economic Zone
The central coastal province of Khanh Hoa is calling on strategic investors and financially capable multinationals to invest in the Van Phong Economic Zone (EZ), aiming to maximize the zone’s potential as a key growth driver.
Companies - Sat, July 12, 2025 | 1:25 pm GMT+7
Vietnam PM asks US firms to sustain support for 'reasonable, detailed tariff pact'
Prime Minister Pham Minh Chinh has called on U.S. businesses to continue supporting the Vietnamese government in dialogues with U.S. agencies to soon reach "a reasonable, detailed tariff agreement for individual products and product groups".
Economy - Sat, July 12, 2025 | 11:32 am GMT+7
Mergers of Vietnamese provinces unlock new property development opportunities
The merging of Vietnamese localities is expected to create a strong "boost" for the real estate market as expanded planning space, synchronized infrastructure, and new land reserves are key factors driving the market's transformation.
Real Estate - Sat, July 12, 2025 | 11:00 am GMT+7
Measures proposed for Thailand to minimize US tariff impacts
Financial and banking experts in Thailand have warned that the U.S.'s proposed 36% tariff on Thai goods is likely to severely undermine Thailand's export competitiveness.
Southeast Asia - Sat, July 12, 2025 | 9:06 am GMT+7
Chinese construction major PCG eyes $383 mln underwater tunnel project in northern Vietnam
Pacific Construction Group (PCG), one of China’s leading construction firms, has expressed interest in developing a VND10 trillion ($383 million) underwater road tunnel in Quang Ninh, a coastal province in northern Vietnam.
Infrastructure - Sat, July 12, 2025 | 8:04 am GMT+7
Vingroup stocks pull VN-Index up for sixth consecutive session
VN-Index, which represents the Ho Chi Minh Stock Exchange, on Friday increased for the sixth consecutive session thanks to large-cap stocks, with foreign investors continuing to strongly net buy.
Finance - Fri, July 11, 2025 | 7:20 pm GMT+7
Coca-Cola inaugurates largest-scale Vietnam factory in Tay Ninh province
Coca-Cola Beverages Vietnam on Friday inaugurated a $136 million factory in Tay Ninh province, the largest-scale among its four facilities in Vietnam.
Industries - Fri, July 11, 2025 | 5:27 pm GMT+7
Vietnam halts use of German ODA loans for HCMC metro line
The Government has approved a proposal by Ho Chi Minh City to stop borrowing official development assistance (ODA) loans from Germany’s KfW development bank for Metro Line No. 2 and instead use domestic funds to avoid further delays.
Economy - Fri, July 11, 2025 | 3:25 pm GMT+7
Seventeen housing projects foreigners allowed to buy in HCMC
Ho Chi Minh City has announced a list of 17 residential projects located in areas where foreign organizations and individuals are allowed to own houses.
Real Estate - Fri, July 11, 2025 | 3:17 pm GMT+7
Auto enterprises to enjoy preferential import tariff policies
The Government has issued a decree amending and supplementing Decree No. 26/2023/ND-CP on the export and preferential import tariff schedules, as well as the lists of goods subject to absolute tax, mixed tax, and out-of-quota import duties.
Companies - Fri, July 11, 2025 | 2:13 pm GMT+7
Korean chaebol Samsung’s revenue makes up 13% of Vietnam’s GDP in 2024
Samsung’s revenue and export in Vietnam accounted for approximately 13.12% of the country’s GDP and 13.4% of its total export turnover in 2024, respectively, according to the National Statistics Office.
Companies - Fri, July 11, 2025 | 2:09 pm GMT+7
JPMorgan upgrades Vietnam stocks to overweight following US tariff deal
JPMorgan Chase has upgraded Vietnam stocks to overweight after the country became the first Southeast Asian nation to reach a preliminary tariff deal with the U.S.
Economy - Fri, July 11, 2025 | 11:38 am GMT+7
Vietnam government bond issuance surges nearly 70% in June
The Hanoi Stock Exchange (HNX) held 16 government bond auctions in June, raising nearly VND30.5 trillion ($1.2 billion), up 68.8% from May.
Finance - Fri, July 11, 2025 | 9:30 am GMT+7
Xuan Truong Company asked to make feasibility study for airport proposal in northern Vietnam
The Ministry of Construction has asked Ninh Binh authorities to prepare a feasibility study on the potential development of an international airport in the province, the ministry said in a report submitted to the Government regarding a proposal from private construction company Xuan Truong.
Companies - Fri, July 11, 2025 | 9:18 am GMT+7
Vietnam-US tariff agreement: A strategic turning point toward deeper integration
The tariff agreement between Vietnam and the U.S. marks not only a trade or diplomatic breakthrough but also reflects a long-term strategic vision, bold foreign policy, and Vietnam’s commitment to deep global integration, writes Nguyen Tuan Viet, an export promotion expert and CEO of Vietgo.
Opinion - Fri, July 11, 2025 | 9:00 am GMT+7
Apple supplier Luxshare enjoys 0% corporate income tax in central Vietnam province
China’s Luxshare-ICT, a key supplier to Apple, reported that its subsidiaries in Vietnam’s central province of Nghe An enjoyed a 0% corporate income tax last year.
Companies - Fri, July 11, 2025 | 8:00 am GMT+7
