A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Offshore wind in Vietnam should to be developed by state first: MoIT

Vietnam’s Minsitry of Industry and Trade has suggested that offshore wind should initially be developed by a state owned enterprise. The remarks come in the context of the ‘national security implications’ of offshore wind, according to state media, along with a number of other conflicts between various government departments.

Of note, the Power Development Plan 8–known in short as the PDP8–that was approved last year, was embedded with a target of six gigawatts of offshore wind power by 2030. The implementation plan for the PDP8 released earlier this year, however, did not list a single offshore wind power project.

This is in line with a lack of a marine spatial plan which has been held up as the Ministry of Natural Resources and Environment struggles to balance the interests of a multitude of stakeholders.

In this context, this proposal looks to be an attempt to work around this bottleneck. 

See also: Vietnam’s Offshore Wind Power Holdup: Unpacked 2024 

Get Vietnam news sent straight to your inbox

Latest news...