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Vietnam’s wind sector shows a stark contrast: onshore thrives, offshore is still stalled. (Photo: iStock)
Vietnam’s offshore wind potential remains largely untapped, and the sector is progressing at a relatively slow pace. Nevertheless, multinational companies from the U.S., Europe, and China continue to express strong confidence in its long-term prospects.
Bruno Jaspaert, Chairman of the European Chamber of Commerce in Vietnam, noted that 2027 will be a pivotal year if the Vietnamese government is to stay on track with its offshore wind capacity targets.
Pacifico Energy starts with onshore wind in Vietnam push
Several energy giants have announced plans to develop offshore wind projects in Vietnam this year. Among them is U.S.-based Pacifico Energy. During a visit to Vietnam in March, the company’s founder and chairman Nate Franklin reaffirmed its commitment to large-scale offshore wind investment in a meeting with Prime Minister Pham Minh Chinh.
Franklin emphasized that the group is investing billions of U.S. dollars into offshore wind, a move expected to not only enhance Vietnam’s energy security but also attract high-quality foreign investment in sectors such as semiconductors, data centers, and artificial intelligence—paving the way for more sustainable economic growth.
