1. Vietnam’s Wind Power Output to Surpass 1 Billion kWh in 2024
According to data published by Statista in November 2024, Vietnam’s wind power generation is estimated to reach 1.16 billion kWh in 2025. It is projected to grow to 1.67 billion kWh by 2029, reflecting a compound annual growth rate (CAGR) of 9.54% over 2025–2029. Vietnam’s wind energy market has experienced significant growth as the country continues to prioritize investment in renewable energy sources and expanding wind power capacity. Wind energy has become a vital component of the Vietnamese government’s efforts to reduce greenhouse gas emissions through the development of wind farms and turbines, as well as collaborations with international renewable energy companies. These initiatives aim to secure the nation’s green and sustainable energy future.
Vietnam’s Wind Power Output (Unit: billion kWh). VnEconomy
2. Challenges and Opportunities in Onshore and Offshore Wind Energy Development in Vietnam
Onshore wind energy is generated by wind turbines installed on land. Onshore wind farms are typically located in open fields or unoccupied areas to avoid obstructing natural airflow. This type of wind energy has a lower environmental impact and involves lower installation and operational costs compared to offshore wind energy.
Meanwhile, offshore wind turbines address challenges posed by ocean depth, making it easier to select optimal locations for power generation. Offshore wind projects are expected to unlock growth opportunities for deep-water developments, as they harness higher wind speeds and offer superior operational potential. However, installing offshore wind farms presents significant challenges, as it requires transporting large and heavy equipment to project sites, leading to higher overall costs. In recent years, advancements in offshore wind turbine installation technology have significantly reduced these costs, making offshore wind an increasingly viable option for renewable energy development.
Photo: Vietnamfinance
Nevertheless, offshore wind power projects are exempt from investor selection bidding due to national defense and security considerations, as recommended by the Ministry of National Defense or the Ministry of Public Security. Additionally, the development of offshore wind projects must align with the objective of ensuring energy security for the national power grid, as proposed by the Ministry of Industry and Trade.
Moreover, a thorough examination of the Electricity Law, Construction Law, Investment Law, and the regulatory framework of the Ministry of Industry and Trade has failed to identify any legal provisions enabling pilot initiatives for offshore wind power development. To date, Vietnam has not undertaken any offshore wind power projects, whether as full-scale investments or experimental ventures.
Therefore, numerous wind power investors have been compelled to suspend projects or withdraw from the Vietnamese market. This situation calls for immediate government intervention to implement new policies and strategies in the near future.
Source:
VnEconomy (2025). Sự trỗi dậy của năng lượng gió.
