UK investor plans offshore wind farm in Binh Thuan
The proposed offshore wind power project in the south central province of Binh Thuan will have a designed capacity of 3,400 MW and require total investments of nearly 12 billion USD, UK developer Enterprize Energy said.
The proposed offshore wind power project in Binh Thuan province requires total investment of nearly 12 billion USD. (Photo: tinnhanhchungkhoan.vn)
Binh Thuan (VNA) – The proposed offshore wind power project in thesouth central province of Binh Thuan will have a designed capacity of 3,400 MWand require total investments of nearly 12 billion USD, UK developer EnterprizeEnergy said.
According to Chairman of Enterprize Energy Ian Hatton, Ke Ga offshore windpower project will be developed in 600-megawatt phases. It will use 9.5megawatt wind turbines initially, and more powerful ones are expected overtime.
It will be carried out on an area of nearly 2,000 square kilometres, 20 kilometresoffshore Ke Ga cape.
The project is expected by investors to create a new breakthrough for windpower development in Vietnam.
Under an agreement inked with its Vietnamese partners- Petroleum EquipmentAssembly & Metal Structure (PVC-MS) and Vietnam-Russia Oil and Gas JointVenture (Vietsovpetro), the two Vietnamese firms are in charge of the project’sdesign, construction, installation of offshore power transformation stations,and connection of underground cable and transmission grid.
Meanwhile, Mitsubishi Vestas Offshore Wind, a joint venture of Vetas WindSystem A/S and Mitsubishi Heavy Industries Ltd, will supply wind turbines.
Experts said that greatest challenge of the project must be the selling priceof wind power.
The feed-in tariff (FIT) is 9.8 US cents per kWh for offshore wind powerprojects which become operational before November 2021 under the Government’sDecision No.39/2018/QD-TTg. However, the first phase of Ke Ga wind power farm willnot begin operation until 2022, and the price of wind electricity is stillindistinct, Ian Hatton said.
According to Deputy Director of the Electric and Renewable Energy Departmentunder the Ministry of Industry and Trade Nguyen Van Thanh, as the project hasnot been added to the national power development plan, the selling price ofwind power cannot be fixed.
Chairman of the Vietnam Energy Association Tran Viet Ngai said that competentauthorities should give timely assistance to the project so that it cancomplete investment procedures soon, making contributions to increasingcapacity of Vietnam’s power sector, especially when wind power is a cleanenergy which does not cause any harm to the environment.-VNA
Power Plus Vietnam Co., Ltd on September 19 started construction of Tuy Phong solar power plant, the first of its kind in the central coastal province of Binh Thuan.
The Government has recently decided to increase price of wind power to encourage the development of this energy after eight years imposing the Feed in Tariff (Fit) of 7.8 US cent/kWh.
German businesses are ready to cooperate with and support Vietnam in developing wind power as the country boasts huge potential for renewable energy, including wind energy.
Solar power is attracting great attention from the Vietnamese Government and businesses, but certain challenges are facing the utilisation of this type of renewable energy.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The proposed offshore wind power project in Binh Thuan province requires total investment of nearly 12 billion USD. (Photo: tinnhanhchungkhoan.vn) 
