Vietnam sets offshore wind rates, eyes first project launch by end of 2025

Vietnam announces offshore wind tariffs, paving way for faster industry growth. (Photo: iStock)

Vietnam's Ministry of Industry and Trade (MOIT) has unveiled a pricing framework for offshore wind power, setting regional ceiling tariffs ranging from VND 3,078.9 to VND 3,975.1 per kWh (approx. USD 0.12–0.15). A senior MOIT official further disclosed that Vietnam’s first offshore wind project could break ground by the end of this year.

The Copenhagen Infrastructure Partners (CIP), a key offshore wind investor in Vietnam, stressed that establishing a clear and consistent legal framework remains the most urgent step to accelerate sector growth.