The list of renewable energy projects registered by foreign investors in Vietnam has been lengthened by projects from Thai and Spanish investors.
Siemens Gamesa to develop 39MW wind farm in Ninh Thuan
Siemens Gamesa Renewable Energy (SGRE) from Spain continues to reinforce its presence in Vietnam via developing the second phase of its existing 39 megawatt Dam Nai wind farm, located in the south central province of Ninh Thuan. However, the investment capital of the second phase has yet to be published.
According to the plan, the company will furnish the remaining 12 turbines for commissioning by October this year. Siemens Gamesa will also handle the management and maintenance of the facility for the next ten years.
"We are committed to Vietnam as a market and we want to be our customers' preferred partner in developing wind power projects," highlighted Álvaro Bilbao, CEO of Siemens Gamesa in the Asia-Pacific.
Previously, in April 2017, SGRE, in collaboration with TSV JSC and the Bule Circle Group, started the construction of Dam Nai wind farm–phase 1 with the total investment capital of $15 million. To date, three turbines of phase 1 came into operation with the capacity of 7.8MW.
SGRE expects significant growth in Vietnam in the coming years as the country begins to utilise some of the best wind resources in South East Asia, the target being to install 1GW by 2020.
Gulf Energy Development from Thailand to develop US$66-million solar farm in Tay Ninh
Gulf Energy Development Public Company Limited, the third largest energy producer in Thailand, will establish a joint venture with a domestic firm to develop a solar farm in Tay Ninh province with 51 per cent stake owned by Gulf.
According to the plan, the project will have the total investment capital of $66 million. The construction is expected to be kicked off in June this year and start to generate power in June 2019 with the capacity of 48MW.
With 2,400 hours of sunshine per year, Tay Ninh is considered an ideal destination for solar farm investors.
Numerous foreign investors have already expressed interest in building solar farms in the province. For example, Mien Trung Energy JSC wants to invest over VND1.3 trillion ($57.2 million) in a 50MW solar power plant on 60 hectares around Dau Tieng Lake in Tan Chau district.
Furthermore, Bien Hoa-Thanh Long One-Member Co., Ltd. plans to build a 30MW solar power plant, worth VND736 billion ($32.38 million) on 37ha in Thanh Long commune, Chau Thanh district.
Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.
International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.
Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.
In April, Vietnam’s crude steel output was estimated at 2.1 million tonnes, up 4% year-on-year. With this result, Vietnam surpassed Italy to secure a place among the top 10 global producers.
Power companies must carry out regular grid inspections and maintenance to keep operations safe and efficient, minimise localised overloads and reduce the risk of supply disrupting incidents.
He stressed that domestic firms must proactively improve corporate governance, technological capabilities and workforce quality in order to participate more deeply in global supply chains. “Vietnamese enterprises cannot enter the supply chains of multinational corporations unless they meet required standards,” Cuong said.
Vietnam has kept inflation below 4% since 2015, and maintaining macroeconomic stability while effective inflation control in 2026 will be crucial to supporting the country’s goal of achieving double-digit GDP growth.
To ensure safer use of E10 fuel, consumers are advised to regularly maintain fuel systems, replace deteriorated rubber components and refuel at reputable petrol stations to ensure ethanol blending quality meets standards.
The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.
Work starts on 600-million-USD electronic components plant in Ninh Binh
The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.
Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.
Green transition is increasingly viewed as essential to preserving the city’s status as Vietnam’s economic locomotive.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,392 VND/USD, and the floor rate 23,878 VND/USD.
The southern economic hub climbs 12 places from 2025 to rank 98th globally, marking its highest position ever in StartupBlink’s rankings.
Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.
Vietnam values and places great importance on support from international partners, including the US, which it considers a leading strategic partner.
More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.
Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.
Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.