VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo, the energy arm of Vietnamese conglomerate Vingroup, has accelerated its expansion into the power sector, establishing four new subsidiaries within a week as it builds a growing portfolio of renewable energy and infrastructure projects across Vietnam.

According to corporate registration records, VinEnergo last Friday incorporated three wholly owned subsidiaries: VinEnergo Ecowind Ky Anh, VinEnergo Ky Anh and VinEnergo Hon Trau.

VinEnergo Ecowind Ky Anh was established with charter capital of VND226.47 billion ($8.61 million) and is headquartered in Ky Anh, a coastal industrial hub in the central province of Ha Tinh.

VinEnergo Ky Anh and VinEnergo Hon Trau were registered with charter capital of VND170.51 billion ($6.48 million) and VND241.8 billion ($9.19 million).

The expansion continued just three days later when VinEnergo established VinEnergo Vinh Thuan, adding another project vehicle to its rapidly growing corporate structure.

The latest additions follow a series of company foundations in late May. On May 20, VinEnergo launched VinEnergo Dien Bien 1 with a charter capital of VND53.7 billion ($2.04 million). A day later, it established VinEnergo Ban Chat 1 and VinEnergo Ban Chat 2 in the northern province of Lai Chau with a registered capital of VND53.68 billion and VND62.79 billion ($2.39 million), respectively.

Taken together, the seven subsidiaries established within less than a month represent more than VND809 billion dong ($31 million) in registered capital. All of the newly formed companies are wholly owned by VinEnergo and chaired by Nguyen Anh Khoa, who also serves as the company's CEO.

The expansion comes as Vietnam seeks to accelerate investment in renewable energy, LNG-fired power plants, and power infrastructure under the eighth national power development plan (PDP VIII).

While VinEnergo has yet to disclose details of the projects associated with the newly established entities, the rapid pace of incorporation indicates the company is positioning itself for a larger role in Vietnam's energy transition and growing electricity market.

VinEnergo, established on March 2025 as Vingroup’s green energy pillar, focuses on developing a diverse portfolio of large-scale solar and wind power projects. It is implementing a series of large-scale renewable energy projects, including a rooftop solar power system integrated with BESS for the VinFast, VinES and V-G factories in Ha Tinh's Vung Ang Economic Zone.

In September 2025, VinEnergo broke ground on the 100-ha Hai Phong LNG Thermal Power Plant with a total investment of more than VND178 trillion ($6.77 billion), the largest of its kind in Vietnam.