Quang Ninh has approved in principle the Quang Ninh 4 Wind Power Plant project in Co To special zone, marking an important step toward turning the locality into the country’s wind power hub.

After years of explosive growth, several Vietnamese renewable energy companies are now battling mounting financial pressure and weakening profits.

A solar power company within the Trung Nam Group ecosystem has reported losses of nearly VND1 trillion (US$38 million) in 2025, marking a sharp reversal just one year after unexpectedly returning to profit.

Vietnam is under pressure to position battery energy storage systems (BESS) as strategic energy infrastructure, as fast-growing renewable capacity highlights grid stability challenges and opens up a multi-billion-dollar market for domestic firms.

Quang Ninh province on April 23 officially broke ground on its first wind power plant, marking a significant milestone in its transition toward clean energy.

A number of renewable energy enterprises have reported losses or very low profits, and signs ahead appear even worse despite skyrocketing global oil and gas prices.

Vietnam is set to build a high-voltage undersea direct current (HVDC) cable to connect its power grid with Malaysia and Singapore, allowing for large-scale export of offshore wind energy.

Vietnam’s renewable energy adoption is gaining momentum as a key pillar of sustainable development, energy security, and its pledge to achieve net-zero emissions by 2050.

The stated policy objective is a pricing framework that supports investment decisions, allows buyers to budget reliably, and maintains system integrity.

The Prime Minister of Vietnam has issued an urgent directive to clear legal, regulatory, and logistical roadblocks hindering renewable energy projects nationwide.

With 300,000 km² of sea and over 1,000 GW potential, Vietnam targets major OSW growth.

Vietnam’s industrial zones have vast solar potential, but unclear policies and ownership issues are slowing investment.

Germany's GEO Group has announced a 50 million USD investment to establish a renewable energy workforce training and development centre in the central province of Binh Dinh.

Saigon Hi-Tech Park’s ambitious 50% renewable energy goal far exceeds the city’s 15% target, positioning the park as a trailblazing “living lab” for sustainable energy solutions.

The Ministry of Industry and Trade has proposed that the Prime Minister direct Vietnam Electricity (EVN) to urgently resolve the obstacles and reach agreements with investors involved in wind and solar power projects.

Vietnam’s clean energy growth stalls as solar and wind projects remain idle without power contracts.

As an ASEAN member, Vietnam is advancing its strategic vision to become the region's renewable energy hub, with strong commitments to clean energy development, emissions reduction, and meeting Southeast Asia's growing energy demands.

“In the past, I noticed that many investors were selected. But after being selected, they waited for the right time to ride the wave and profit from price differences. This is extremely dangerous,” Minister Nguyen Hong Dien warned.

To support an ongoing investigation, the Ministry of Public Security has requested the People's Committees of Ha Tinh and Quang Binh provinces to provide detailed information and documents related to solar power projects in their respective areas.