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Vietnam Power and Energy Update - 05 April 2024

PIC tracks the latest developments in Vietnam's power sector providing insight and analysis on the market and policy.

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Vietnam identifies priority national power projects

A list of priority programmes and projects in Vietnam’s power sector has been issued under Decision 270/QD-TTg dated 2 April 2024. The list includes (i) power source and grid projects, (ii) gas-to-power project chains, (iii) LNG storage projects, (iv) oil refining projects, (v) programmes on energy efficiency and power supply in rural, mountainous and island areas and (vi) a pilot for offshore wind power. Source


Renewable and new energy to be included in Vietnam’s revised Electricity Law

The Ministry of Industry and Trade has proposed including provisions for renewable and new energy development in the revised draft of the Electricity Law. The focus is on prioritizing the development of renewable energy sources, aligning with national strategies and supporting transition towards a more sustainable energy landscape. Source


Survey work commences for 150 MW wind power project in Binh Dinh

Nexif Ratch Energy Group has commenced survey work in respect of a 150 MW wind power project in Binh Dinh province with an estimated total investment of USD 230 mn. Source


Asia New Generation Proposes USD 40 mn Waste-to-Energy Project in Dong Nai

Asia New Generation has proposed development of a USD 40 mn waste-to-energy project in Xuan Loc district, Dong Nai province. The company will utilize German thermal decomposition technology for waste treatment, eliminating the need for waste sorting and potentially generating 1.2-1.8 MWh of electricity per ton of waste. Source


Hai Phong city seeks investors for USD 101 mn waste-to-energy project

Hai Phong city has announced invitations for investment in a USD 101 mn waste-to-energy project. With the capacity of 20MW and ability to process 1,000 tons of domestic waste daily it is planned to be operational by December 2025. Source


CIP’s 3.5 GW offshore wind power project to support 45,000 jobs in Vietnam

Copenhagen Infrastructure Partners (CIP) 3.5 GW offshore wind power project planned for development in Binh Thuan province, with an estimated total investment cost of USD $10.5bn, anticipates that it would support up to 45,000 fulltime equivalent jobs. Source

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