Viet Nam releases price framework for offshore wind power
VGP – The Ministry of Industry and Trade has approves the electricity generation price framework, applicable to offshore wind power plants in 2025.
July 01, 2025 3:42 PM GMT+7
Accordingly, the maximum price for offshore wind power plants in Northern Viet Nam shall be VND3,975.1 (US$0.15) per kWh.
The maximum price for offshore wind power plants in Central Viet Nam shall be VND3,078.9 per kWh while the ceiling price in the South shall be VND3,868.5 per kWh.
The electricity generation price framework shall serve as the basis for the Electricity of Viet Nam (EVN) and power generation companies to sign power purchase contracts.
The Government of Viet Nam targets to raise offshore wind power capacity to around 6,000 MW by the end of this decade, and 17,500 MW by 2035.
The offshore wind power capacity is expected to reach 113,000-139,000 MW by 2050./.
