Offshore wind power development in Vietnam: Opportunities, barriers, and policy solutions
Abstract
With an extensive coastline and abundant wind resources, Vietnam can achieve an offshore wind technical potential of nearly 600 GW, significantly contributing to ensuring energy security and reducing carbon emissions. Experience from leading countries such as the UK, Denmark, Germany, and China shows the need for strong and synchronous support policies and close coordination among stakeholders.
The study analyzes the potential, opportunities, challenges and barriers in developing offshore wind power in Vietnam. These challenges and barriers need to be removed, such as the lack of a synchronous legal framework, inappropriate bidding mechanisms and electricity prices, unready technical infrastructure and supply chains, and limited domestic capacity in technology and human resources.
On that basis, the authors propose 8 groups of solutions: completing the legal framework, establishing a focal management agency, promulgating incentive policies, investing in research and development of human resources, spatial planning for marine space, strengthening international cooperation, leveraging green financial resources and raising community awareness and engagement.
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