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ARTICLE · 15 JULY 2022

Vietnam's Policy On Offshore Wind Projects

Vietnam has a long coastline and great potential to generate energy from offshore wind. This is especially true in the South, South Central and Mekong Delta regions.

VietnamEnergy and Natural Resources

Vietnam has a long coastline and great potential to generate energy from offshore wind. This is especially true in the South, South Central and Mekong Delta regions.  But serious interest in the development of offshore wind power has only recently begun.  The industry holds great promise. This Article sets out Vietnam's current policy and its plan to develop offshore wind power.

Overview.  We start with Decision 391 that provides the encouragement to develop offshore wind projects. It provides general policies to develop offshore wind projects (including favorable conditions and incentives).  Now, both local and foreign investors are able to develop offshore wind projects. About 36 GW have been registered for development, but no development plan has been approved.  The targets are mainly situated in Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan, Binh Thuan, Ba Ria–Vung Tau, Ben Tre, and Bac Lieu provinces where wind speed is constant.  The Ministry of Trade and Industry

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