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Offshore wind power - a new generation of green energy – has a history of development over the past 30 years in Denmark, the United Kingdom, Germany, China, and the United States. After the Cop 26 Summit Conference in 2020 (in the UK), the Global Offshore Wind Alliance (GOWA) has been formed. The offshore wind power development is rapidly increasing in the world, currently standing at 57 GW and impossibly reaching 500 GW by 2040 and 1,000 GW by 2050. Vietnam has an economic and technical potential for offshore wind power which is over 600 GW and attracts many investors. To develop sustainably of the offshore wind power industry, it is essential to executive on research and establish a legal framework to promote offshore wind power development (laws, national offshore wind power strategies, and related policy documents, etc).

With the wave of investment in near shore and offshore wind power, HD Wind Joint Stock Company (HDwind) was established - specializing in providing technical services for the green energy industry, especially wind power.

On the morning of February 10, during the official visit to Singapore, Prime Minister Pham Minh Chinh received Mr. Tow Heng Tan - Vice Chairman of the Management Council of Sembcorp Group and witnessed the ceremony for handing a joint development cooperation agreement between Sembcorp and a partner of the PetroVietnam (PVN) in developing the offshore wind power projects for exporting to Singapore.

Binh Dinh Provincial People's Committee (PPC) in coordination with the German Chamber of Industry and Commerce in Vietnam to organize a conference to stimulate investment of German enterprises in Binh Dinh province. At this event, Binh Dinh PPC and German PNE AG signed a memorandum of understanding (MOU) on Binh Dinh offshore wind power projects with a total capacity of 2.000 MW and a total investment of 4.6 US$ billion.

Doosan Enerbility Vietnam (Doosan Vina), Dung Quat Economic Zone, Binh Thuan Commune, Binh Son District, Quang Ngai, Vietnam: Global offshore wind leader Ørsted announced its latest cooperation agreement in Vietnam with Doosan Enerbility Vietnam, focused on foundations infrastructure and boosting local supply chains for offshore wind.

At the meeting with leaders of Vietnam - Russia Joint Venture (Vietsovpetro), PetroVietnam Technical Services Corporation (PTSC), Vietnam Oil and Gas Construction Corporation (PETROCONs) on preparation to participate in the offshore renewable energy projects, Mr. Hoang Quoc Vuong – Chairman of the Member Council of PetroVietnam (PVN) proposed the study to establish a complex for developing the renewable energy value chain, strengthening cooperation ability, promoting each other's capacity and meeting the requirements of domestic and international investors in this field.

In the report to the National Steering Committee for Electricity Development, Electricity of Vietnam (EVN) proposed a mechanism to assign state corporations for the pilot investment in offshore wind power projects (There is reason to invest in the areas related to the national security, new technology and complex construction). On the experience basis, the Government should direct to establish a mechanism to select investors in the form of socialization.

Information from the Vietnam Oil and Gas Group (PVN) said that Mr. Hoang Quoc Vuong - Chairman of the Member Council of PetroVietnam (PVN) has just received and a working meeting with Mr. Jonathan Cole - General Director of Corio Generation Company (Australia) - Member of Macquarie's Green Investment Group (the world's largest offshore wind power company).

Recently, in Hanoi, Mr. Tran Dinh Nhan - General Director of Electricity of Vietnam (EVN) worked with the Mission of Copenhagen Infrastructure Partners - CIP from Denmark headed by Mr. Robert Helms – the Member and Director of the New Market Fund offshore wind power (under CIP). At the meeting, the Danish partners proposed that EVN cooperate in developing a number of large offshore wind power projects and the power transmission grid.

On the morning of August 25, BP Group (United Kingdom) and SOVICO Group Joint Stock Company (Vietnam) had a meeting with Quang Ninh Provincial People's Committee (PPC).