Vietnam Energy Projects Newsletter – October 3, 2026

Only 1 out of 18 LNG-to-power projects deemed to be on schedule

During a government meeting on October 1, 2026, the Ministry of Industry and Trade reported that among the 18 LNG-to-power projects currently being monitored, only the Hiep Phuoc LNG project (Ho Chi Minh City) is on track to begin operations as planned. While 16 other projects have secured investors, most are still in the process of finalizing investment procedures; primary obstacles include site clearance, capital arrangement, and power purchase agreements. The adjusted Power Development Plan VIII sets a target of approximately 22.5 GW of LNG-fired power capacity across 15 projects by 2030.

Source: The Investor, October 2, 2026 – view original article

Pacifico Energy receives survey permit for the 1.3 GW Nam Trung Bo 3 offshore wind project

The Ministry of Agriculture and Rural Development has granted a marine survey permit to Pacifico Energy for the Nam Trung Bo 3 project—an offshore wind development with a capacity of up to 1.3 GW, located off the coast of Lam Dong province. The investor will conduct a preliminary assessment before proceeding with detailed surveys in 2027. The project is slated for the 2031–2035 period under the adjusted Power Development Plan VIII.

Together with the Nam Bo PE2.1 project (500 MW), Pacifico’s total offshore wind portfolio in Vietnam reaches 1.8 GW.

Source: offshoreWIND.biz, September 24, 2026 – view original article

First turbine installed at the 128 MW Vinh Long nearshore wind project

REE Corporation has erected the first of 16 Envision EN-226 8 MW turbines for the 128 MW nearshore wind project cluster in Vinh Long province (V1-3 and V1-5&6, Phase II). Equipment began arriving at the site in June 2026, and the first turbine was installed in less than a week. According to the supplier, this is the single largest-capacity turbine model used in nearshore projects in Vietnam and Southeast Asia.

Source: offshoreWIND.biz, September 16, 2026 – view original article

Upstream oil and gas sector enters a new investment cycle

According to a report by Kafi Research, Vietnam’s crude oil production has declined from 18.7 million tonnes (in 2015) to 9.64 million tonnes (in 2025), making new projects essential. Developments such as Block B – O Mon, Lac Da Vang, Su Tu Trang 2B, Khanh My – Dam Doi, and Ca Voi Xanh are expected to offset the production decline through 2030; The domestic upstream market is projected to grow at a rate of approximately 5.6% per year during the 2026–2031 period.

Source: The Investor, August 18, 2026 – view original article

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This bulletin is compiled by SREC from publicly available sources and is intended for informational purposes only; the copyright for the original content belongs to the respective media outlets.