Wind turbines in Ninh Thuan, Vietnam. (Photo: Moc Diep / Unsplash)
Ninh Thuan, a province on the central coast of Vietnam, is a focal point for renewable energy development in Vietnam. The local government announced its budget and development direction on Monday, revealing plans for the construction of six wind power projects and two hydropower projects.
As outlined in the plan, Ninh Thuan Province determines 2024 as “the year of acceleration” to expedite sustainable economic growth, reconstruct innovative growth models, and enhance economic productivity, quality, efficiency, and competitiveness. The goal is to achieve an 11%-12% growth in Gross Regional Domestic Product (GRDP).
Among the 54 projects expected to commence or be completed in the coming year, 21 are related to manufacturing, 11 to the energy sector, 10 to urban projects, and 5 to tourism.
Other key sustainable projects are the Song Than Reservoir, the Coastal Cities Sustainable Environment Project (Phan Rang – Thap Cham City Sub-project). 8 renewable energy projects with a total installed capacity of 277 MW will begin construction promptly this year as bidding plans and electricity pricing policies are approved.
Ninh Thuan Province achieved a Gross Regional Domestic Product (GRDP) growth rate of 9.40% in 2023, ranking 9th among the 63 provinces and cities in Vietnam. In particular, the energy industry with a growth of 16.14% has contributed 2.59% to the province's GRDP.
Tran Quoc Nam, chairman of the provincial People's Committee, emphasized that energy remains the main driving force of the province's economic growth, with substantial untapped potential. He also disclosed that the local government has sought approval from the central government and relevant departments for priority funding allocation plans, including the construction of several 500kV and 220kV transmission grid projects, especially important lines to supply electricity to Southern Vietnam.