The opportunity arises from Vietnam’s significant offshore wind potential, estimated at around 600 GW.

Vietnam, with its high economic openness and global integration, has set goals and developed plans to develop its offshore wind power industry.

Offshore wind energy is crucial to many nations' green energy transition, but Vietnam is new to this field.

The Ministry of Investment and Trade (MOIT) says that private investors should not develop offshore wind power projects until all issues related to national defence and national security are anticipated and assessed.

If electricity prices from offshore wind power plants are higher than EVN's (Electricity of Vietnam) retail prices, EVN has the right to refuse to buy electricity from the plants.

Vietnam aims to develop 6,000 MW of offshore wind power by 2030, and 70,000 - 91,500 MW by 2050.

The eighth national power development plan (Plan 8) was released many months ago, but policies to implement the plan still need supplementation and improvement.

Existing staff working in the oil sector, building construction on the sea, electricity plants and marine industry can move to work in various technical positions in the offshore wind sector.

Vietnam’s offshore wind power is expected to reach around 6,000 MW by 2030, with potential for further growth given rapid technological development, reasonable electricity prices, and transmission costs.

The strategy for renewable energy development being in limbo is holding back offshore wind power prospects in Vietnam.

The longest 220kV offshore overhead power transmission line in Southeast Asia, connecting the mainland of the Mekong Delta province of Kien Giang and its resort island of Phu Quoc, will be put into operation in September.