EVN proposes 4,000 MW offshore wind power in northern region
State utility Vietnam Electricity (EVN) has proposed that the government facilitates generation of 4,000 MW from offshore wind power plants in the northern region to ensure regional energy security.
In its proposal, EVN, the sole power distributor and the biggest producer in Vietnam, said the northern region currently accounts for 50% of power consumption in the country.
Dong Hai 1 wind power project in Tra Vinh province, southern Vietnam. Photo courtesy of Trungnam Group, the investor of the project.
However, there are few new energy projects in the region and the high number of new projects in the central and southern regions offer limited help due to technical limitations in the 500 kV transmission line.
The limited supply of coal for power production was another challenge.
As a solution, EVN proposed the addition of 5,500 MW of renewable energy until 2025, including 4,000 MW of offshore wind power and 1,500 MW of solar power, along with suitable storage systems.
The sources of traditional energy have already maxed out, said Cao Thi Thu Yen, an expert with the EVN Power Engineering Consulting JSC 1 (EVNPECC1). "Therefore it was more feasible and viable to develop offshore wind power in the region."
Research has shown that at an attitude of 100 meters, the average wind speed is 7.5-8.5 meters per second. The Danish Energy Agency (DEA) has said that the technical potential of the region from on-land wind power generation is 18 GW.
Vietnam’s current wind power capacity is 4,000 MW and this could reach 16,121 MW of nearshore and land-based wind power and 7,000 MW of offshore wind power by 2030, said Pham Nguyen Hung, deputy head of the Electricity and Renewable Energy Authority (EREA), under the Ministry of Industry and Trade.
He added that some northern localities like Quang Ninh, Nam Dinh, Thai Binh provinces and Hai Phong city have already proposed offshore wind power projects.
Yen also said that the “decreasing requirements” in offshore wind power was an advantage for developing this source. The investment needed to generate 1,000 MW of offshore wind power in Vietnam will reduce from the current $3.15 billion to $2.15 billion in 2030, he added.
- Related News
- Read More
Technology, innovation, digital transformation will drive Vietnam to high-income, developed-economy status by 2045: PM
Science-technology, innovation, and digital transformation will be key drivers for Vietnam to become a developed, high-income economy by 2045, Prime Minister Pham Minh Chinh said at a policy dialogue with World Economic Forum (WEF) managing director Stephan Mergenthaler.
Economy - Thu, November 27, 2025 | 3:25 pm GMT+7
220kV transmission line energized to facilitate electricity imports from Laos to Vietnam
National Power Transmission Corporation (EVNNPT) and the Central Power Projects Management Board (CPMB), in coordination with relevant units, on Wednesday successfully energized the 220kV Tuong Duong-Do Luong transmission line in the central province of Nghe An, facilitating the imports of electricity from Laos to Vietnam.
Companies - Thu, November 27, 2025 | 2:32 pm GMT+7
Government allows eligible Vietnamese citizens to enter Phu Quoc, Ho Tram, Van Don casinos
Vietnam has allowed eligible Vietnamese citizens to gamble at the Phu Quoc, Ho Tram and Van Don casinos starting November 26, per a government resolution issued on Tuesday.
Economy - Thu, November 27, 2025 | 2:02 pm GMT+7
HCMC signs partnership deals with World Economic Forum, blockchain giant Binance
Ho Chi Minh City on Wednesday issued a joint statement with the World Economic Forum (WEF) on an initiative to promote smart manufacturing and responsible industrial transformation in Vietnam, while signing an MoU with Binance to promote the development of the country's International Financial Center.
Economy - Thu, November 27, 2025 | 11:28 am GMT+7
Red Capital exits major shareholder position in EVN's subsidiary VSH
Red Capital Asset Management JSC has ceased to be a major shareholder of Vinh Son-Song Hinh Hydropower JSC (HoSE: VSH), a subsidiary of state-owned Vietnam Electricity (EVN), after sharply reducing its stake.
Companies - Thu, November 27, 2025 | 7:55 am GMT+7
VAFIE, Hung Yen province authority accompany taxpayers
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and Hung Yen province's tax authority on Tuesday held a workshop on corporate tax policy updates and key notes on 2025 corporate income tax filings.
Companies - Wed, November 26, 2025 | 8:15 pm GMT+7
Thailand’s Super Energy earns $81 mln in Jan-Sep revenue from Vietnam
Super Energy Corporation, a Thai renewable-energy developer, recorded about THB2.62 billion ($81.28 million) in revenue from its Vietnam operations in the first nine months of 2025, according to its Q3 earnings report.
Companies - Wed, November 26, 2025 | 4:51 pm GMT+7
Turning point of Vietnam's fund management industry: exec
Vietnam’s asset management industry is entering a pivotal phase as the country seeks to diversify capital flows and strengthen long-term funding, said Lu Hui Hung, CEO of Phu Hung Fund Management, citing the Ministry of Finance's recently issued Decision 3168.
Finance - Wed, November 26, 2025 | 4:42 pm GMT+7
Gelex Infrastructure okayed to launch IPO of 100 mln shares
Gelex Infrastructure JSC has received approval from the State Securities Commission of Vietnam to proceed with an initial public offering of 100 million shares, the company said.
Companies - Wed, November 26, 2025 | 3:52 pm GMT+7
Seven young PV Gas employees selected for Petrovietnam’s 'Outstanding Youth 2025' program
Seven young employees of PetroVietnam Gas (PV Gas) have been selected for Petrovietnam’s “Outstanding Youth 2025” program, an initiative aimed at identifying and developing high-potential talent across the state energy group.
Companies - Wed, November 26, 2025 | 3:01 pm GMT+7
Deep C Industrial Zones in northern Vietnam draws three new projects worth over $242 mln
Deep C Industrial Zones in Quang Ninh province has secured three new investment projects with combined registered capital of about VND6.38 trillion ($242 million), reinforcing its position as an attractive destination for manufacturing and logistics.
Industries - Wed, November 26, 2025 | 1:58 pm GMT+7
Billionaire Pham Nhat Vuong's son takes helm at VinMetal as Vingroup pledges support for loss-making steel producer Pomina
Vingroup, Vietnam's biggest listed company by market cap, said its steel subsidiary VinMetal will provide Pomina Steel with a zero-interest working capital loan for up to two years, helping the troubled steelmaker stabilize operations and restore cash flow.
Companies - Wed, November 26, 2025 | 12:38 pm GMT+7
HAGL chairman says he sold 'everything possible' to save the company
Hoang Anh Gia Lai (HAGL) has successfully restructured with its debt reduced from VND36 trillion ($1.37 billion) to over VND6 trillion ($227.5 million), now focusing on developing raw material areas to gain scale advantages.
Companies - Wed, November 26, 2025 | 8:18 am GMT+7
Vingroup subsidiary VinMetal may acquire loss-making steel producer Pomina: broker
Ho Chi Minh City Securities (HSC) analysts said a potential acquisition of steel manufacturer Pomina could be a strategic move that allows VinMetal to gain a faster foothold in the steel industry by using Pomina’s existing construction steel capacity.
Companies - Tue, November 25, 2025 | 8:05 pm GMT+7
Vingroup plans $38 mln bond issuance to restructure debt
Vingroup (HoSE: VIC), Vietnam’s largest listed company by market cap, plans to issue VND1 trillion ($37.91 million) in bonds via private placement as it seeks to restructure debt.
Companies - Tue, November 25, 2025 | 3:52 pm GMT+7
Vietnam gov't proposes minimum $379 mln charter capital for offshore wind developers
The Vietnamese government has proposed that offshore wind power developers have a minimum charter capital of VND10 trillion ($379 million) each, according to a draft resolution designed to ease bottlenecks in the country’s 2026-2030 energy development plan.
Energy - Tue, November 25, 2025 | 3:41 pm GMT+7
