The landscape of energy in Vietnam is changing. For years, offshore wind was mostly a plan on paper. But as of January 2026, it has become a reality on the water.
The Vietnamese government has officially allocated 63,800 hectares of sea area to two state giants: EVN and Petrovietnam (PVN). This marks the beginning of a massive “Marine Space” race to power the nation’s future.
What does this mean?
Essentially, the government has given these companies the “keys” to specific parts of the ocean. For the next 36 months, they will conduct surveys, measure wind speeds, and study the seabed to build the country’s first large-scale offshore wind farms.
Where is this happening?
The allocation is split into two strategic zones:
- In the North (Haiphong): EVN has been granted 24,000 hectares. This area is critical for providing clean power to the industrial hubs in Northern Vietnam.
- In the South Central Coast: Petrovietnam has taken the lead with nearly 40,000 hectares. This region has some of the best wind conditions in all of Southeast Asia.
Why is this a “Game-Changer”?
- Energy Security: As Vietnam’s economy grows, we need more power. These projects will eventually provide gigawatts of electricity to the national grid.
- From Oil to Wind: This move allows companies like Petrovietnam to use their decades of experience in offshore oil and gas (building rigs and subsea pipelines) to build wind turbines.
- Local Jobs: A huge portion of this work—from steel fabrication to maritime logistics—will happen right here in hubs like Vung Tau.
The Road Ahead
While the “space” has been allocated, the hard work is just beginning. Over the next three years, we will see specialized survey ships and high-tech equipment moving into these waters.
At HT Energy, we are watching these developments closely. This transition from traditional oil and gas to a balanced “Green & Blue” energy mix represents the biggest opportunity for the Vietnamese energy sector in decades.
