Offshore wind power pilot projects to facilitate policy, mechanisms finetuning: Deputy PM
Vietnam will perfect related mechanisms, policies and regulations while piloting offshore wind power development, Deputy Prime Minister Tran Hong Ha said Friday.

Deputy Prime Minister Tran Hong Ha. Photo courtesy of the government's news portal.
He said at a meeting of concerned agencies that proposals for pilot offshore wind power, made some time ago, had received serious attention from the Government and Prime Minister Pham Minh Chinh.
"The pilot scheme must select specific projects, point out legal problems as also carry out research and studies of policies, investment procedures, financial issues, and technology transfer during implementation,” he said.
Ha also pointed out that problems can arise from a lack of coordination between ministries and agencies and not legal hindrances, as was often assumed.
Elaborating on this point, he said the problem in choosing locations for offshore wind power projects was not rooted in law but in the lack of a consensus between the Ministry of Transport (in charge of issues related to international sea routes) and the Ministry of National Defense (in defining areas where national defense and security are not affected).
The Ministry of Industry and Trade (MoIT) needs to carefully look into problems regarding investor selection, electricity export and participation of foreign investors in order to identify workable solutions.
"We must implement the scheme immediately, aim to formulate mechanisms and policies for different types of projects that serve domestic needs, export or green hydrogen production," said Ha.
The Deputy PM also assigned the MoIT to urgently complete the plan for pilot wind power projects and submit it soon to the Prime Minister for approval.

The Ministry of Trade and Industry has proposed that two state-owned energy majors - EVN and Petrovietnam – and military-run entities pilot offshore wind power development. Photo courtesy of Equinor.
Deputy Minister of Industry and Trade Nguyen Hoang Long spoke at the meeting about the main difficulties and obstacles in developing offshore wind power. These were related to planning, investment policy and investor selection; market access conditions for foreign investors; and investment in the form of public-private partnership (PPP).
He said other challenges included construction investment and granting of construction permits; maritime law; identifying wind resources as public property; issues related to security, national defense and national sovereignty; electricity prices; credit; standards for equipment, construction and fire safety.
Long also said his ministry was working with state-owned Vietnam Electricity (EVN) and state-run Petrovietnam to speed up preparations for implementing two pilot projects.
Proposal with 3 options
The MoIT had proposed earlier that two state-owned energy majors - EVN and Petrovietnam – and military-run entities pilot offshore wind power development, citing national security implications and other factors.
The ministry stressed the great potential for offshore wind power development in the country, estimated at 512 GW, adding that this source needed to be tapped to fulfil the country’s carbon-neutral commitment by 2050.
Under the National Power Development Plan VIII (PDP VIII) approved by the government in May 2023, the country aims to develop 6,000 MW of offshore wind by 2030 and 70,000-91,500 MW by 2050.
However, citing potential conflicts among government agencies and sectors related to maritime spaces, legal hurdles, the lack of a national wind map and the lack of a survey of sea depth, the ministry suggested “thorough and cautious” development of this energy source.
It recommended that, in the initial phase, state-owned enterprises (SOEs) take the lead, arguing that this would facilitate the fine tuning of regulations.
Foreign and Vietnamese private sector investors can join the industry after the pilot scheme was comprehensively assessed and the legal corridor perfected, it said.
For the pilot scheme, the ministry listed three options in line with directions given by Deputy PM Ha.
Option 1 envisages oil and gas giant Petrovietnam implementing the pilot scheme, since it enjoys several advantages in deploying offshore wind projects. However, this SOE is not allowed by the Politburo, the Communist Party's premier decision-making body, to do so.
Option 2 has state utility Vietnam Electricity (EVN) utilizing certain advantages in developing offshore wind power. It would not have to negotiate power purchasing agreements.
However, the ministry pointed out that EVN had no experience in exploiting this resource; therefore, feasibility inputs were needed from government agencies, the Commission for the Management of State Capital at Enterprise and EVN itself.
In option 3, military-run entities would join the scheme, but further assessments were needed regarding Party guidelines and the entities’ capacities, it said.
The Ministry of National Defense has rejected the third option, citing limited capacities and expertise. Ministry-related agencies can join certain components of the scheme, local media quoted the defense ministry as saying.
- Read More
Rixos debuts in Southeast Asia on Vietnam’s 'Pearl Island'
A new chapter in travel is unfolding in Southeast Asia as Rixos Hotels, the world’s leading all-inclusive brand, prepares to unveil its first-ever resort in the region.
Travel - Sat, July 12, 2025 | 6:48 pm GMT+7
Vietnam’s biggest airport project ‘races to the finish line’
The Ministry of Construction has requested investors of the Long Thanh International Airport to complete the main route by August 2025 to facilitate trial operations of the passenger terminal and other components.
Infrastructure - Sat, July 12, 2025 | 6:19 pm GMT+7
Singapore's YCH Group eyes developing logistics center in southern Vietnam economic zone
Tay Ninh province has pledged full support to Singapore’s YCH Group in developing a logistics center within its Moc Bai Border Gate Economic Zone.
Industries - Sat, July 12, 2025 | 1:48 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