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Unleashing Investment Success for Wind Power in Vietnam

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[IMPACT Webinar] Unleashing Investment Success for Wind Power in Vietnam

Date & Time: 14:00-15:40 GMT+7,VN Time, September 14

Format: Digital Conference

Takeaways: Vietnam wind market urged to prioritize regulations and private sector leadership

Vietnam holds the highest wind power potential in Southeast Asia. The long coastline provides the country with a promising offshore wind power market; all while, wind development is also an important pillar for Vietnam to achieve its 2050 net-zero strategy and reduce the country's dependency on imported fuels.

According to GWEC’s forecast, if Vietnam completes 7GW of offshore wind power installations by 2030, the domestic market will attract more than US$20 billion in investment, create 126,000 jobs, and save US$2 billion in foreign energy imports. But the key question is how can we translate this plan into actual operational capacity over the next 5-10 years.


Bearing in mind the question, we held the IMPACT Webinar and asked industry experts for advice:

  • Mr. Phat Nguyen, Counsel, Rajah & Tann LCT Lawyers

  • Mr. Alban d'Hautefeuille, Head of Development Asia, TotalEnergies

  • Mr. Kei Saiki, Executive Officer, Co-head of Global Business, RENOVA, Inc.

  • Mr. Trung Tran Van, Director & Lead of Power Sector, KPMG Vietnam (Moderator)

  • Mr. Oman Singh, Regional Director, Hero Future Energies

  • Mr. Bui Van Thinh, CEO, Thuan Binh Wind Power Joint Stock Compan

  • Mr. Hoang Nghiem, Investment Director - Energy, Saigon Asset Management (SAM)

  • Dr. Nguyen Dinh, Head of Hydrogen and Principal in Vietnam & Ireland, OWC

  • Mr. Thanh Hai Nguyen, Partner, Baker McKenzie Vietnam


Alban d’Hautefeuille

Head of Development Asia


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Kei Saiki

Executive Officer, Co-Head of Global Business


Bui Van Thinh


Thuan Binh Wind Power Joint Stock Company

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Oman Singh

Regional Director

Hero Future Energies Asia

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Nguyen Dinh

Head of Hydrogen and Principal in Vietnam & Ireland


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Hoang Nghiem

Investment Director - Energy

Saigon Asset Management

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And here are our 8 Key Takeaways:

  • Report 126 implies that the public wind offtake mechanism will shift to “Direct Negotiation” with EVN.

  • Projects that missed the FiT still have no corresponding price mechanism or arrangement instructions.

  • Regulatory frameworks apply to all the projects in Vietnam, it is not likely a single project can maneuver the terms or requirements.

  • The fundamental point for a new country on entering the offshore wind sphere is to come to the necessarily delivery or the delivery of the first projects as soon as possible.

  • PPA with EVN is still the most favored option among developers.

  • Application-based wind + hydrogen solutions are gaining traction; whereas DPPA disappoints the market;

  • The government's investment in energy storage and the capacity market and ancillary market will determine the ultimate scale of wind energy in Vietnam.

  • Developers need to prepare for local content requirements in advance.

Phat Nguyen


Rajah & Tann LCT

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Tran Van Trung

Director & Lead of Power Sector

KPMG Vietnam

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Nguyen Thanh Hai


Baker McKenzie Vietnam

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