Vietnam ministry recommends proceeding with Hai Phong LNG project
The Prime Minister has yet to decide on a proposal to replace the plant with a renewable energy and battery storage complex.
Vietnam’s Ministry of Industry and Trade has recommended that development of the Hai Phong LNG power plant continue under the approved national electricity plan while the Prime Minister considers a proposed renewable energy and battery storage alternative.
Bui Quoc Hung, deputy director of the Electricity Authority of Vietnam, told a quarterly press briefing that the ministry had reviewed the alternative proposal, submitted its assessment to the Prime Minister and requested guidance. A decision from the relevant authorities is still pending.
Hung said the plant is among 12 LNG-fired projects in the eighth National Power Development Plan and is also included in its revised version, approved through Decision 768/QD-TTg. It has obtained in-principle investment approval and completed the selection of its investor. Vingroup, the investor, has also reached an agreement with US-based GE covering gas turbines.
Vingroup and its energy subsidiary VinEnergo began construction in September 2025. The project occupies nearly 100 hectares in Hai Phong’s Tan Trao Industrial Park, with investment exceeding ₫178 trillion (US$6.88 billion). Construction is expected to last five years, and operations are scheduled to start by the end of 2030.
Planned capacity is 4,800 megawatts across two phases: 1,600 MW initially and another 3,200 MW in the second phase. Expected annual electricity generation is 9.6 billion kilowatt-hours in the first phase, increasing to 19.2 billion kWh once the second phase operates. Output will serve industrial production at Tan Trao Industrial Park and supply Vietnam’s national grid.
