Danish Group to invest up to 13.6 billion USD in offshore wind farm in Hai Phong
Denmark’s Ørsted Group, the world's largest corporation in the wind power industry, has proposed an offshore wind power plant in the northern port city of Hai Phong, with an estimated investment of between 11.9 billion USD to 13.6 billion USD.
Denmark’s Ørsted Group expects to supply green energy to 30 million people by 2030. (Photo courtesy of the firm)
Hanoi (VNA) - Denmark’s Ørsted Group, theworld's largest corporation in the wind power industry, has proposed anoffshore wind power plant in the northern port city of Hai Phong, with anestimated investment of between 11.9 billion USD to 13.6 billion USD.
Once operational, the power plant will have a total capacityof 3,900 MW.
Vice Chairman of the municipal People's Committee Nguyen DucTho rencently worked on the project with a delegation from the Embassy of Denmark, led byTrade Counsellor Troels Jakobsen.
The project will be divided into three phases. Wind outputis expected to produce about 13,665,600 MWh per year. The wind farm's turbineis expected to be installed with a capacity of about 20 MW. Tower height willbe from 150m to 200m each.
The project location is in offshore waters 14km southeast ofBach Long Vy island and 36 km northwest of Long Chau archipelago.
The project is in line with Vietnam's National EnergyDevelopment Strategy, which prioritises the exploitation and use of renewableenergy sources.
Troels Jakobsen said the cooperation between Denmark and Vietnamwill continue to be promoted in such fields as economy, trade, investment,education, tourism, and economic transformation to a green economy.
Appreciating Ørsted Group's capacity in offshore wind powerdevelopment, Tho said Hai Phong will create favourableconditions for investors.
He suggested that the investor provide more documents onissues raised by the departments and agencies at the meeting.
He requested the group to review and clarify the contentsrelated to the survey location, the appropriate spacing of wind turbines andrationally develop the marine space. At the same time, the project must ensurecompliance with current regulations, investment divergence and must not affectthe navigation channel, security and defence aspects.
As a leading enterprise in the field of offshore wind powerowned by the Danish Government, Ørsted's revenue in 2020 was 8.6 billion USD,with profits of 3 billion USD. The group currently supplies green energy tomore than 15 million people worldwide. This number is expected to double by2025./.
Hai Long Offshore Wind Power has signed a preferred supplier agreement with a Vietnamese consortium led by Semco Maritime A/S of Denmark and PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C) of Vietnam to construct two offshore substations off the coast of Chinese Taiwan.
Trung Nam Tra Vinh 1 Wind Power JSC, a member of Trungnam Group, has completed the installation of all 25 poles of the Dong Hai 1- Tra Vinh wind power project.
Eighty-four out of 146 wind power projects signing power purchase and sale contracts with the Electricity Vietnam (EVN) had been put into commercial operation as of October 31, according to a document the EVN had sent to the Ministry of Industry and Trade on Commercial Operation Date (COD) results.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Denmark’s Ørsted Group expects to supply green energy to 30 million people by 2030. (Photo courtesy of the firm) 
