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Vietnam adds 142 inspected solar power projects to Power Development Plan’s implementation scheme

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Vietnam’s Ministry of Industry and Trade has approved the inclusion of 142 solar power projects, which were previously inspected, into the implementation scheme of the Power Development Plan for the period 2021-2030, with a vision until 2050 (PDP VIII).

The 100 MW Ea Sup 3 solar power complex, developed by Xuan Thien Group, in Dak Lak province, Vietnam's Central Highlands. Photo courtesy of the company.

The 100 MW Ea Sup 3 solar power complex, developed by Xuan Thien Group, in Dak Lak province, Vietnam’s Central Highlands. Photo courtesy of the company.

Among them are large-scale solar power plants such as Trung Nam in the central province of Ninh Thuan (204 MW), CMX Renewable Vietnam in Ninh Thuan (168 MW), Hong Phong 1 A & B in the central province of Binh Thuan (250 MW), Dau Tieng 1 & 2 in the southern province of Tay Ninh (350 MW), Sao Mai in the Mekong Delta province of An Giang (210 MW), Hoa Hoi in the central province of Phu Yen (214 MW), BIM 2 in Ninh Thuan (250 MW), Ea Sup 1, 2, 3, 4, 5 in the Central Highlands province of Dak Lak (600 MW), and Van Ninh in the central province of Khanh Hoa (100 MW).

In its decision issued on Wednesday, the ministry (MoIT) clarified that the 142 projects had been commercially operational as of January 13. They were included in the scheme based on the Electricity Law, the Planning Law, the Investment Law, the Bidding Law, PDP VIII, and other relevant documents.

The move aligns with the government’s policy to address issues related to renewable energy projects.

The list of such solar power projects only comprises project names, capacities, and names of provinces where they are located. Specific project sites are mentioned in their investment proposals or pre-feasibility study reports.

Last year, the Government Inspectorate concluded that the MoIT had approved the inclusion of 154 solar power projects into the scheme without sufficient legal foundation. Of these, 123 were identified as the primary cause of energy source imbalances and wasteful use of social resources.

The government later agreed to remove obstacles for these 154 projects per a resolution passed at its November 2024 meeting. In a subsequent meeting on December 12, 2024, Prime Minister Pham Minh Chinh outlined the government’s general principles to resolve those projects’ difficulties, especially for those with no intent of violating regulations.

“We will not legalize violations, but create mechanisms to resolve these issues decisively,” the PM remarked, stressing the importance of avoiding wastes of social resources while maintaining investors’ confidence.

“Local authorities and businesses need to work together to resolve such issues. It is critical to strictly prevent corruption, bribery, and unfair practices, and those committing violations will be held accountable,” he added.

According to the MoIT, by the end of 2023, the capacity of renewable energy sources (wind and solar) reached 21,664 MW, accounting for approximately 27% of the country’s total capacity.

The cumulative electricity generation from renewable energy (wind, ground-mounted solar, and rooftop solar) in 2023 was approximately 27,317 million kWh, making up nearly 13% of the total electricity system.

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Vietnamese enterprises must hold at least 5% of offshore wind power projects

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March 16, 2025

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Offshore wind power projects in Vietnam must have the participation of domestic enterprises with at least 5% of chartered capital or voting shares of the company that implements such projects.

The “domestic enterprises” must be wholly state-owned enterprises (SOEs) or firms with SOEs holding more than a 50% stake.

The above regulations are mentioned in the government’s Decree 58/2025 on renewable and new energy, effective from March 3, 2025.

A sea-based wind power project in Bac Lieu province, Mekong Delta, southern Vietnam. Photo courtesy of Market Times magazine.

A sea-based wind power project in Bac Lieu province, Mekong Delta, southern Vietnam. Photo courtesy of Market Times magazine.

Another requirement for foreign investors is that they must have experience in investing and developing at least one offshore wind power project that is operational in Vietnam or in the world.

“Experience” includes direct investment, contributing a minimum 15% of the project’s total investment capital, and the ratio of equity to capital contribution being at least 20%.

If not contributing capital, the foreign investors must be a unit performing one of the following activities: project management or design or construction.

In case the project investor is a consortium, “experience” is the total experience of the consortium members.

They must also commit to utilizing domestic supplies (workforce, service, products) during their investment, construction and operation, on the basis of ensuring competitiveness of prices, quality, schedule, and available capability.

Vietnam currently has no offshore wind power projects. The country targets to add 6,000 MW of offshore wind power to its masterplan by 2030 and put the related projects into operation in 2030-2035, Deputy Minister of Industry and Trade Nguyen Hoang Long said last week. The target is 113,503-139,097 MW of offshore wind power by 2050, he added.

German renewable energy developer Pure New Energy’s (PNE) $4.6 billion Hon Trau wind power project in Vietnam’s south-central province of Binh Dinh has recently been re-classified as a nearshore wind power project.

Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, entered Vietnam in 2019 with the 3.5 GW La Gan offshore wind farm project in Binh Thuan province as its first project.

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Hung Yen develops industrial parks to attract investment

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1 hour ago

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March 16, 2025

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In 2024, Hung Yen Province attracted a record of nearly 4 billion USD in domestic and foreign investment, significantly contributing to the province’s industrial development efforts. The province aims for economic growth targets of 8% or higher in 2025 and beyond.

Hung Yen borders Hanoi and has an advantageous transport infrastructure with connections to seaports, airports and major urban centres. To leverage these strengths, the province is focusing resources on building industrial park infrastructure to attract investment.

Building technical infrastructure for industrial parks

At the Industrial Park No. 3 construction site, workers are rushing to complete the technical infrastructure. Nguyen Cong Hong, General Director of TDH Ecoland, said, “To overcome difficulties, Hung Yen established a steering committee for site clearance of key projects, making this process smoother. Within a short time, all 160 hectares of Industrial Park No. 3 was handed over to the investor.”

Immediately after the land was cleared, TDH Ecoland and its partners focused on building technical infrastructure. In less than a year, Industrial Park No. 3 has essentially completed its technical infrastructure and begun operations. With its advantageous location adjacent to the Hanoi-Hai Phong Expressway, and particularly the policy of one-time land rental payments, it has drawn many FDI investment projects.

Hung Yen Province occupies a strategic position in the Northern Key Economic Region, bordering Hanoi, with convenient transport infrastructure, including the Hanoi-Hai Phong Expressway, National Highways 5, 38, 39, and Hanoi’s Ring Road 4, connecting to seaports, airports and major northern urban centres. To capitalise on these advantages and create breakthrough economic development, the province has consistently focused on industrial park infrastructure development to attract investment.

Vu Quoc Nghi, Head of the Hung Yen Industrial Parks Management Board, shared that to create favourable conditions for industrial park infrastructure construction, since 2021, the Provincial Party Committee Standing Board issued a directive on site clearance for infrastructure projects and a decision on establishing a steering committee for key projects during the 2021-2025 period, led by the Provincial Party Secretary. The province has mobilised the entire political system to persuade residents to agree to hand over land for socio-economic development projects.

The steering committee for key projects meets monthly to review site clearance progress and issues directives to promptly resolve difficulties and obstacles. Consequently, between 2021 and 2024, the province cleared nearly 1,300 hectares of land for industrial park infrastructure development, almost triple the total area from 2015 to 2020.

Industrial park developers have accelerated construction and invested in comprehensive technical infrastructure. In 2024, approximately 620 hectares of land were developed, nearly double from 2023, which brings the total area of industrial parks with technical infrastructure to about 2,500 hectares, representing 89% of the total area, with approximately 540 hectares remaining available for lease. Many industrial parks have become operational and attracted investment, notably the Thang Long II Industrial Park expansion, Industrial Park No. 3, Industrial Park No. 5, and the Clean Industrial Park.

Integrated industrial park infrastructure has facilitated effective investment attraction. In 2024, Hung Yen Province received 86 projects, a 33% increase from 2023, with a total registered capital of 772 million USD and 11.6 trillion VND.

The industrial parks have attracted many large high-tech projects. Notable examples include Nitto Vietnam’s 132 million USD project to manufacture LCD polarising films for smartphones and automobiles, Molex Vietnam’s 128 million USD project to produce optical cables and high-speed connection cables, and Arizon Vietnam’s 67.5 million USD project manufacturing RFID labels.

Creating momentum for breakthrough growth

According to the Prime Minister’s decision on industrial park development planning to 2030 with a vision for 2050, Hung Yen Province will have 35 industrial parks with a total area exceeding 12,000 hectares. Currently, the province has 12 industrial parks covering more than 3,123 hectares. Of these, 10 industrial parks (approximately 2,773 hectares) are operational and accepting secondary investment projects.

Hung Yen Party Secretary Nguyen Huu Nghia shared that 2024 was a record year for the province’s investment attraction, with 180 projects totalling over 61 trillion VND and more than 1.5 billion USD. To date, the province has 2,371 active projects (1,755 domestic and 616 foreign) with total registered capital exceeding 370 trillion VND and over 8.5 billion USD.

This achievement is significantly owed to the industrial parks’ contribution to attracting investment and helping drive high and stable economic growth for the province. In 2024, the province’s economy grew by 7.7% to 159.8 trillion VND and GDP per capita reached 121.3 million VND, up 8.8 million VND compared to 2023.

To achieve breakthrough development strategic goals, Nghia stated that the province is determined to pursue a new growth model based on pillars, including the enabling role of government, focusing on promoting strong digital transformation, continuously improving institutions, investment environment, business climate and competitiveness, and strengthening the leading role of public investment.

Simultaneously, the province will establish an ecosystem for clean, high-tech industrial development with selective new investment attraction policies that prioritise scale, modern technology, and environmental protection.

Hung Yen is also accelerating urbanisation, developing large, smart, ecological urban areas linked with modern trade and services development, improving provincial competitiveness, and creating favourable conditions for businesses and investors to have equal access to information, business opportunities, investment and land.

Hung Yen leaders regularly maintain contact and dialogue with businesses to promptly identify and address difficulties and obstacles facing them, strengthen investment and trade promotion activities, promote potential and business opportunities, and build the province’s brand and image domestically and internationally.

In the coming period, the province will focus on reviewing and updating land use plans for industrial parks to be developed according to the master plan and adding newly established industrial parks to the list of provincial key projects.

Provincial functional agencies have been directed to accelerate compensation, site clearance and land handover to industrial park investors for technical infrastructure construction and project reception.

They are also increasing the implementation pace of approved industrial park infrastructure investment projects, striving to have approximately 2,000 hectares of cleared land ready for lease by the end of 2025.

The province aims to have 30 industrial parks (9,588 hectares) by 2030 and 35 (over 12,000 hectares) by 2050, transforming Hung Yen into one of Vietnam’s strongest industrially developed provinces.

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Chinese giant seeks to collaborate with Vietnam’s energy heavyweights in nuclear power

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2 hours ago

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March 16, 2025

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China Power Engineering Consulting Group Corporation (CPECC) is seeking to collaborate with Vietnam’s state-owned energy giants Petrovietnam (PVN) and Vietnam Electricity (EVN) in nuclear power.

Delegations of EVN (left) and CPECC at a meeting in Hanoi on March 5, 2025. Photo courtesy of EVN.

Delegations of EVN (left) and CPECC at a meeting in Hanoi on March 5, 2025. Photo courtesy of EVN.

In a Monday statement, EVN said leaders of CPECC and EVN recently had a meeting in Hanoi to discuss collaboration.

CPECC has joined 32 nuclear power projects in China and is preparing to raise its capacity to 60 GW in the next 10 years, the Chinese firm highlighted.

CPECC also emphasized its solutions to reduce emissions and improve the capacity and flexibility of coal-fired power plants. The solutions can help coal-fired power continue its key role as baseload for the national electricity system, it added.

For his part, Dang Hoang An, chairman of EVN said the state utility would consult with Vietnamese authorities to facilitate energy investments, amid the growing demand for electricity and the trend of energy transition.

PVN chairman Le Manh Hung (right) at a meeting with CPECC in Hanoi on March 7, 2025. Photo courtesy of PVN.

PVN chairman Le Manh Hung (right) at a meeting with CPECC in Hanoi on March 7, 2025. Photo courtesy of PVN.

At a meeting last week, PVN chairman Le Manh Hung urged CPECC to share nuclear power experiences as the Vietnamese energy group is studying this sector.

He noted that PVN will expand its activities beyond traditional activities of oil and gas to new sectors, such as carbon capture, utilization, storage (CCUS), LNG, green hydrogen, green ammonia, and offshore wind power.

In reply, CPECC said it is willing to cooperate with PVN in offshore wind power, renovation of thermal power plants, and renewable-green energy.

In February 2025, Prime Minister Pham Minh Chinh assigned state-owned groups EVN and PVN to be investors of Ninh Thuan 1 and 2 nuclear power plants, respectively.

The PM also requested the Ministry of Industry and Trade to coordinate with relevant agencies to get nuclear power plants built towards completion by end-2030, or end-2031 at the latest.

Many countries have expressed their willingness to coooperate with Vietnam in nuclear power, such as South Korea, Russia, Japan, and France.

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