Prime minister Pham Minh Chinh receives Chairman of China Huadian Group

Prime Minister Pham Minh Chinh receives Mr. Peng Gangping, Chairman of the Board of Directors of China Huadian Group (May 14, 2025). Photo: VGP/Nhat Bac.

Welcoming Mr. Peng Gangping and the accompanying delegation on their working visit to Vietnam, Prime Minister Pham Minh Chinh expressed his belief that the trip, along with discussions and engagements with relevant ministries, agencies, businesses, and partners, would yield substantial and meaningful outcomes.

The Prime Minister commended China Huadian Group for its growing operational scale and notable achievements in recent years. He emphasized that Vietnam is striving to achieve a growth rate of 8% in 2025, with ambitions for double-digit growth in the following years. So the electricity demand is also increasing, particularly for clean and renewable energy sources, to ensure rapid and sustainable development.

Prime Minister Chinh reaffirmed Vietnam’s commitment to welcoming foreign investment, especially from China, across sectors aligned with the country’s sustainable development goals and China’s technological strengths. He emphasized that energy, particularly clean and renewable energy, remains a high-priority area for mutually beneficial cooperation.

Chairman Mr. Peng Gangping thanked Prime Minister Chinh for the warm reception and consistent support for China Huadian Group’s investment in Vietnam. He highlighted that China Huadian Group is a 100% state-owned enterprise listed among the Fortune Global 500 for 13 consecutive years. The company operates in high-end equipment manufacturing, advanced power systems, power plant construction, clean energy development, and environmental protection within the power industry.

China Huadian Group has invested approximately USD 2.8 billion in power projects in Vietnam, with a total installed capacity of 1.5 GW. These include the Duyen Hai Thermal Power Plant and four wind power projects in Dak Lak Province. The Goup expressed its intent to expand investment in Vietnam’s renewable energy sector, including implementing more biomass power, wind power, energy storage projects in Dak Lak, Tra Vinh, Quang Tri, Lam Dong and cooperating with research institutes and universities in Vietnam to promote technology transfer, human resource training.

Chairman Mr. Peng Gangping proposed that the Vietnamese Government further refine the regulatory and policy framework for green energy projects, spanning wind, solar, biomass, hydrogen, energy storage, and pumped-storage hydropower. He emphasized the need for policies supporting the technological retrofitting of existing thermal power plants, energy efficiency improvements, low-emission technologies, and flexible coal-fired power plant operations.

In the short term, he proposed that the Prime Minister provide direct support to remove difficulties for existing projects, speed up the process of acceptance, approval and putting into commercial operation; create favorable conditions for the Group in selecting locations, using land, and implementing new projects.

The Prime Minister welcomed foreign enterprises, including those from China, to expand their investment and business activities in Vietnam, especially in areas that align with Vietnam’s sustainable development needs, leverage China’s strengths, and bring mutual benefits to both sides, including the energy sector. Photo: VGP/Nhat Bac.

Prime Minister Chinh thanked China Huadian Group for its ongoing cooperation with Vietnam Electricity (EVN) in areas such as energy efficiency, green energy development, and project investment. He welcomed China Huadian Group’s continued expansion in Vietnam’s renewable energy market—including wind, solar, biomass, hydrogen, energy storage, and pumped hydro—as well as its contributions to industrial production, commercial activities, and R&D, under the principle of “harmonized interests, shared risks,” ensuring balanced benefits among the state, the people, and enterprises.

Finally, the Prime Minister directed ministries, branches, and localities to remove obstacles in energy projects that Hoa Dien Group is and will be investing in in the near future./.