{"id":2749,"date":"2025-02-24T16:11:21","date_gmt":"2025-02-24T09:11:21","guid":{"rendered":"https:\/\/insenergy.vn\/foreign-companies-actively-invest-in-vietnams-renewable-energy-sector\/"},"modified":"2025-02-24T16:23:04","modified_gmt":"2025-02-24T09:23:04","slug":"foreign-companies-actively-invest-in-vietnams-renewable-energy-sector","status":"publish","type":"post","link":"https:\/\/insenergy.vn\/en\/foreign-companies-actively-invest-in-vietnams-renewable-energy-sector\/","title":{"rendered":"Foreign Companies Actively Invest in Vietnam&#8217;s Renewable Energy Sector"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Vietnam is increasingly becoming an attractive destination for foreign corporations in the renewable energy sector. With its vast potential and strong commitment to energy transition, a number of international &#8220;giants&#8221; are actively expanding their investments, bringing Vietnam closer to its sustainable development goals. <\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Boosting Investment in Clean Energy<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Chey Tae-won, Chairman of SK Group and Chairman of the Korea Chamber of Commerce and Industry (KCCI), recently visited Vietnam for a business trip. In a meeting with General Secretary To Lam on February 14, Chey Tae-won reported on his group&#8217;s investments in Vietnam and proposed plans for expanding future cooperation. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">As one of the world\u2019s leading energy groups, SK Group has expressed a keen interest in developing sustainable energy solutions in Vietnam. Specifically, the company plans to invest in LNG infrastructure, research and development of hydrogen energy, small modular reactors (SMRs), as well as AI and logistics-related projects. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">At the same time, SK is also advancing renewable energy projects in Vietnam. In March 2024, its subsidiary, SK Ecoplant, signed a partnership agreement with BCG Energy (part of the Bamboo Capital Group) to develop solar and wind power projects totaling up to 700 MW. This includes 300 MW of onshore wind power, 300 MW of rooftop solar power, and 100 MW of ground-mounted solar power. This marks a significant step toward helping Vietnam achieve its goal of carbon neutrality by 2050.   <\/span><\/p>\n<figure id=\"attachment_2745\" aria-describedby=\"caption-attachment-2745\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-2745 size-full\" src=\"http:\/\/insenergy.vn\/wp-content\/uploads\/2025\/02\/doanh-nghiep-nuoc-ngoai-tich-cuc-rot-von-vao-linh-vuc-nang-luong-tai-tao-cua-viet-nam.webp\" alt=\"Foreign Companies Actively Invest in Vietnam's Renewable Energy Sector\" width=\"800\" height=\"500\" srcset=\"https:\/\/insenergy.vn\/wp-content\/uploads\/2025\/02\/doanh-nghiep-nuoc-ngoai-tich-cuc-rot-von-vao-linh-vuc-nang-luong-tai-tao-cua-viet-nam.webp 800w, https:\/\/insenergy.vn\/wp-content\/uploads\/2025\/02\/doanh-nghiep-nuoc-ngoai-tich-cuc-rot-von-vao-linh-vuc-nang-luong-tai-tao-cua-viet-nam-300x188.webp 300w, https:\/\/insenergy.vn\/wp-content\/uploads\/2025\/02\/doanh-nghiep-nuoc-ngoai-tich-cuc-rot-von-vao-linh-vuc-nang-luong-tai-tao-cua-viet-nam-768x480.webp 768w, https:\/\/insenergy.vn\/wp-content\/uploads\/2025\/02\/doanh-nghiep-nuoc-ngoai-tich-cuc-rot-von-vao-linh-vuc-nang-luong-tai-tao-cua-viet-nam-600x375.webp 600w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-2745\" class=\"wp-caption-text\">Foreign Companies Actively Invest in Vietnam&#8217;s Renewable Energy Sector<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Besides SK Group, many other global corporations are also investing in Clean Energy in Vietnam<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sembcorp Industries (Singapore): With over 25 years of operations in Vietnam through the Vietnam-Singapore Industrial Park (VSIP) system, Sembcorp is expanding its renewable energy investments. The group has partnered with BCG Energy to develop a project portfolio with a total capacity of up to 1.5 GW. <\/span>&nbsp;<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Copenhagen Infrastructure Partners (CIP) &amp; Enterprize Energy (Denmark, UK): These two companies are rolling out large-scale offshore wind projects in Vietnam, including the La G\u00e0n offshore wind project in Binh Thuan.<\/span>&nbsp;<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sungrow Renewables (China): Sungrow has invested in wind and solar projects in Vietnam with a total capacity of nearly 600 MW. The group is currently expanding its capacity by an additional 1 GW, with an investment of up to $1 billion. <\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The strong involvement of leading global corporations in the renewable energy sector not only helps ensure Vietnam\u2019s clean energy supply but also drives the green economy. Thanks to a favorable investment climate, government incentives, and a commitment to sustainable development, Vietnam continues to solidify its position as a strategic destination for international investors in renewable energy and clean industries. <\/span><\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Vietnam is increasingly becoming an attractive destination for foreign corporations in the renewable energy sector. With its vast potential and strong commitment to energy transition, a number of international &#8220;giants&#8221; are actively expanding their investments, bringing Vietnam closer to its sustainable development goals. Boosting Investment in Clean Energy Chey Tae-won, Chairman of SK Group and &#8230;<\/p>\n","protected":false},"author":123457,"featured_media":2744,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,69],"tags":[],"class_list":["post-2749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kien-thuc-nang-luong-en","category-tin-tuc-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Foreign Companies Actively Invest in Vietnam&#039;s Renewable Energy Sector - Insenergy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insenergy.vn\/en\/foreign-companies-actively-invest-in-vietnams-renewable-energy-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign Companies Actively Invest in Vietnam&#039;s Renewable Energy Sector - Insenergy\" \/>\n<meta property=\"og:description\" content=\"Vietnam is increasingly becoming an attractive destination for foreign corporations in the renewable energy sector. With its vast potential and strong commitment to energy transition, a number of international &#8220;giants&#8221; are actively expanding their investments, bringing Vietnam closer to its sustainable development goals. 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