HCMC – Prime Minister Pham Minh Chinh has called on China Huadian Technology and Industry Group (China Huadian Corporation) to expand investment in Vietnam’s energy sector, particularly in renewable energy, to help meet growing power demand and strengthen energy security.
At a meeting on May 14 with Peng Gangping, chairman of China Huadian Corporation, PM Chinh highlighted Vietnam’s growing energy demand amid its push for rapid and sustainable economic growth. The country aims to achieve GDP growth of 8% or higher in 2025 and double-digit expansion in the following years, requiring significant increases in power supply, particularly from clean energy sources.
Vietnam welcomes foreign investment in sectors aligned with its sustainable development goals, including energy, Chinh said. He encouraged China Huadian Corporation to continue investing in renewable energy projects and help transfer technology to Vietnamese partners such as Vietnam Electricity Group (EVN).
Gangping said that China Huadian Corporation, a state-owned enterprise listed among the world’s top 500 companies for 13 consecutive years, operates across four main areas: advanced equipment and systems, power plant construction and investment, clean energy, and environmental protection in the power sector.
In Vietnam, China Huadian Corporation has invested around US$2.8 billion in energy projects, including the Duyen Hai thermal power plant and four wind power projects in Dak Lak Province, with a total installed capacity of 1.5 GW.
The company is seeking to expand its footprint in Vietnam’s renewable energy sector with planned biomass, wind power, and energy storage projects in Dak Lak, Tra Vinh, Quang Tri, and Lam Dong. It also aims to collaborate with Vietnamese research institutions and universities to support technology transfer and workforce training.
Gangping proposed that the Vietnamese Government accelerate the rollout of policy frameworks for green energy sectors such as wind, solar, biomass, hydrogen, energy storage, and pumped-storage hydropower. He also recommended incentives for modernizing traditional energy infrastructure to improve energy efficiency and reduce emissions.
In the short term, Gangping requested Government support in resolving challenges faced by ongoing projects, expediting approvals, and facilitating land access for new developments.
PM Chinh welcomed China Huadian Corporation’s contributions to energy development and its support for EVN in areas such as energy efficiency and green power expansion. He reiterated the importance of China-Vietnam ties, emphasizing the need for mutual benefit and shared responsibility in investment partnerships.
The prime minister said he would direct relevant ministries and local authorities to work with China Huadian Corporation to resolve project bottlenecks and expressed hope that the firm would replicate its international success in Vietnam. He encouraged further investment in green energy, R&D, and commercial activities in line with Vietnam’s principle of “harmonizing interests and sharing risks” among the state, businesses, and the public.
