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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

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  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
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Ho Chi Minh City
Friday, July 11, 2025

Danish firm eyes offshore wind farm in Haiphong

The Saigon Times

Must read

HCMC – Orsted, a wind power firm based in Denmark, has proposed an offshore wind farm with a total capacity of some 3,900 MW in the northern city of Haiphong.

Nguyen Duc Tho, vice chairman of the municipal government, on November 3, had a meeting with a delegation led by Troels Jakobsen, Commercial Counsellor at the Embassy of Denmark in Vietnam, to discuss the Danish firm’s proposal.

According to the proposal, the wind power project will require some US$13.6 billion in investment and will be implemented in three phases. Besides, the project is expected to generate around 13 million MWh of power annually.

Earlier in July, when the firm was focusing on building a 4.6-GW wind power plant in Tuy Phong District of Binh Thuan Province, a representative of Orsted in Vietnam had confirmed that the company was looking for opportunities to develop an offshore wind power project in Haiphong.

The Haiphong vice chairman said the city would create favorable conditions for the investor and requested more details related to the project. He also added that the project must ensure compliance with the prevailing regulations.

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