Photo: VNA

The 70-page report provides an overview of the entire supply chain for Vietnam’s offshore wind industry, recommendations on what Vietnam can prioritize to stimulate the strong growth of a local supply chain to create jobs for skilled laborers, and export to offshore wind markets in the region and the world.

The report also highlights opportunities that offshore wind will bring to Vietnamese suppliers, and areas where Norwegian and other foreign companies can collaborate with Vietnamese partners to promote offshore wind power projects.

Although challenges related to institutional framework and policy still need to be addressed in order to support the implementation of large-scale offshore wind power projects, many international developers and investors, including Norwegian companies have been preparing to tap these opportunities.

Norwegian Ambassador to Vietnam Grete Løchen. (Photo: Vietnamnet)

Technology is an important element in offshore wind power development and this is also the strength of Norwegian companies, Counsellor Lian stressed.

The Norwegian business community is ready to partner with Vietnamese companies, and share experience and technology to help Vietnam build a strong domestic supply chain, he added.

With over 3,000 km of coastlines, Vietnam boasts an abundant offshore wind resource and is an emerging market for offshore wind.

According to the World Bank, offshore wind is capable of meeting 12 percent of Vietnam’s electricity demand by 2035. By gradually replacing coal-fired electricity, could help reduce over 200 million metric tonnes of CO2 emissions and add at least 50 billion USD to Vietnam’s economy from a strong local supply chain, more jobs, and exports.

The Historic Story of Sverd I Fjell, The Majestic Swords In Stone The Sverd I Fjell, an prominent monument created be the Norwegian sculptor Fritz Røed, are giant swords in stone located in Hafrsfjord, a suburb of ...

Norway funds USD 1.3 million waste treatment project in Vietnam New project will scale up integrated and inclusive waste management models

Norwegian ambassador works on gender quality, female empowerment Gender equality, empowering women and inspiring the younger generation have always been top priorities for Norwegian Ambassador Grete Lochen