Vingroup is a major conglomerate in Vietnam, with the image showing one of its department stores. (Photo: iStock)
Vietnam's business giant Vingroup, globally known for its electric vehicles, is set to enter the energy sector, focusing on wind, solar, and liquefied natural gas (LNG) power plants. The total investment could reach up to $30 billion.
The proposal is currently under review by the Vietnamese government, and if approved, it will be included in the country's Power Development Plan (PDP8).
Vingroup targets 47.5 GW of clean energy by 2035
According to a report by Vietnam's state-run media VietnamNet, documents submitted by Vingroup show that the company has followed government regulations and collaborated with local authorities and the Ministry of Industry and Trade on research.
