Launch of the Offshore Wind Supply Chain Report

On 4 October 2024, Ambassador Solbakken hosted the Launch of Report "Offshore Wind Supply Chain for Fast Track Scenario in Vietnam" at the premises of the Ministry of Industry and Trade.

The Launch was attended by the Guest of Honour, Deputy Minister of Industry and Trade Mr Nguyen Hoang Long, together with representatives from relevant departments and units under the Ministry of Industry and Trade (MOIT). The Embassy also welcomed representatives from the international stakeholders including members of the Global Wind Energy Council, the Development Partners Group (DPG) in Vietnam, Just Energy Transition Partnership (JETP) member countries, private companies and other stakeholders in the energy sector.

The Vietnam offshore wind market is considered promising, with world class high wind speed and favourable seabed conditions. The existing supply chain used by the domestic oil and gas industry, in conjunction with the current onshore and nearshore wind infrastructure, has the potential to support in-country offshore wind developments. Recent orders for offshore wind components from international markets signifies a promising commencement for Vietnam to establish itself as an Asia-Pacific hub in offshore wind

The Report was commissioned by the Norwegian Embassy in Hanoi in December 2023 and outlines the steps to develop a well-functioning supply chain for Vietnam’s emerging offshore wind industry. As for the two pilot projects for offshore wind decided by the Government of Vietnam, the Report illustrates the potential supply chain for the development of 1 GW in the North and 1 GW in the South of Vietnam (1GW completed and Commercial Operation Date (COD) by 2030 and an additional 1GW COD by 2035).

"We are very honored to launch this report in the presence of the Deputy Minister. Norway takes pride in the cooperation with Vietnam and MOIT in the renewable energy sector, both as a bilateral partner and a JETP member. We hope this Report will be useful to Vietnam and MOIT in designing a roadmap for developing the country’s offshore wind industry and its local supply chain. I believe this would also open up new cooperation opportunities for Norwegian and Vietnamsese companies", said Ambassador Solbakken.

Click here for the Report in English and Vietnamese.