Market profile

Vietnam

emerging * buildout: pending risk: pending outlook: pending

* maturity derived from capacity data; full assessment pending.

0.5
GW operational
0
GW in construction
7.7
GW pipeline
38
projects
Operational · 0.5 GW (6)Early Development · 7.7 GW (6)Proposed · 13.6 GW (12)On Hold · 13.8 GW (6)
Progress to target
8%
0.5 GW operational of 6 GW by 2030
PDP8 (revised) — 6 GW offshore wind by 2030
Next auction round
No round currently scheduled.
full auction outlook ↓

Assessment

Assessment pending

This market has a derived snapshot above but no in-depth assessment yet. Authored coverage rolls out market by market; the data here is live in the meantime.

State of the market

as of 2026-10-13
0%
of GW sited through contested rounds
delivered (metered), 2026 to 13 Oct 2026Expected Buildout (confidence-weighted), 2026 the remainder of the yearfleet expected by year end
Annual additions · delivered to 13 Oct 2026, expected afterGW per year
00.511.5GW/yr202021222324252627282930313233343536373839400.10.20.10.30.30.30.71.10.70.40.20.10.10.0
Cumulative fleet · year endsGW operating
012345GW202021222324252627282930313233343536373839400.5 by year end0.10.5 on 13 Oct 20260.73.74.6

Delivered to 13 Oct 2026; expected from then. 21 GW of live pipeline weights to 4.1 GW expected to complete. Projects on hold, and projects with no dated milestone, are modelled and sit in the expected line.

Source: Hafrok · hafrok.com/markets/vietnam · data as of 13 Oct 2026

How this line is made

The Expected Buildout line answers one question: of the pipeline announced today, how much actually gets built, and when? It is not a scenario and not a target tracker; it is the database's live pipeline, passed through two filters measured from the industry's own delivery record.

Whether a project completes. Every project in development carries a completion weight, banded Delivering / Expected / Prospective / Fragile. A proposal (a site where no authority has yet granted rights) carries none and sits outside this line entirely; it is listed, not counted. The starting point is the historical completion rate of its lifecycle stage: of projects that reached construction, 97% delivered; financed but not yet building, 92%; consented without financing, 75%; early development, 61%; on hold, 15%. That base rate is then adjusted by what the project has actually secured (offtake, grid, consents, investment decision) and decays if a project sits quiet past its stage's normal dwell time.

When it delivers. Each project also carries a completion-date distribution: a shape, not a single year, right-skewed because offshore wind slips late far more often than it runs early. The peak sits on a rule-based expected date chained from the project's latest achieved milestone; the width of the late tail is fitted to how far past their announced dates real projects actually landed: builders slip tight (60% on time, n=144), financed projects tighter still (76%, n=95), consented-only projects carry the fat tail, with 21% landing three or more years late (n=126). A stated date faster than any comparable project has ever achieved is floored to the achievable window and flagged, never taken at face value.

The line is the sum, across every live project, of capacity × completion weight × the probability it delivers in each year. For projects already under construction, a share of expected capacity is counted at first power, because turbines start generating before a wind farm is fully commissioned, so a market's chart can show capacity arriving a year before a project's stated completion date. Delivered history is metered fact; the line inherits every assumption above and nothing else.

Honest limits. The weights are calibrated on a fleet whose failures have so far been overwhelmingly pre-financing, so completion rates after FID rest on a record with few failures and are ceilings, not guarantees. The slip fitted on consented projects is the loosest (the "three or more years late" bucket spans many years). Policy shocks arrive faster than base rates move; the weights see a stop-work order only as its lifecycle consequences accrue. And the line redistributes as the database learns: it is re-derived on every data refresh, not frozen.

Full per-project workings (each project's weight, band, expected date and distribution) are on its project page. Calibration v2.0-phase0 · generated 2026-10-13; every figure above is read from the generated calibration file, never typed.

Auction outlook

forecast · 0 rounds tracked
Seabed leaseOfftake awardIntegrated tenderscheduled: bar spans the expected windowplanned (indicative)postponed / suspendedno date yet (off-axis)

No upcoming rounds tracked for this market.

Source: Hafrok · hafrok.com/markets/vietnam · data as of 13 Oct 2026

Origination ladder

settled rounds → projects
Seabed leaseOfftake awardIntegrated tenderbirth award (colour = round type)no auction award on record (the chapter names how the site originated)offtake / tender winterminated award / cancelledFIDCOD achievedCOD expected (dashed = still to run)on hold
2015201520202020202520252030203020352035UNCLASSIFIED — ORIGINATION NOT YET ESTABLISHEDBac Lieu Nearshore Wind Farm · 99 MW · Operational · COD 2016 · No auction award on record · origination unclassifiedBac Lieu Nearshore Wind Farm201699 MWTra Vinh V1-1 (Truong Long Hoa) · 48 MW · Operational · COD 2021 · No auction award on record · origination unclassifiedTra Vinh V1-1 (Truong Long H…202148 MWTra Vinh V1-2 (Truong Long Hoa) · 48 MW · Operational · COD 2021 · No auction award on record · origination unclassifiedTra Vinh V1-2 (Truong Long H…202148 MWDong Hai-1 (Tra Vinh) · 100 MW · Operational · COD 2022 · No auction award on record · origination unclassifiedDong Hai-1 (Tra Vinh)2022100 MWHiep Thanh (Tra Vinh) · 77 MW · Operational · COD 2022 · No auction award on record · origination unclassifiedHiep Thanh (Tra Vinh)202277 MWTan Phu Dong 1 (Tien Giang) · 100 MW · Operational · COD 2023 · No auction award on record · origination unclassifiedTan Phu Dong 1 (Tien Giang)2023100 MWVinEnergo Ky Anh Ha Tinh · 400 MW · Early Development · outlook: Prospective · COD expected 2028 · No auction award on record · origination unclassifiedVinEnergo Ky Anh Ha Tinh2028e400 MWVinEnergo Hon Trau Binh Dinh Phase 1 · 750 MW · Early Development · outlook: Prospective · COD expected 2029 · No auction award on record · origination unclassifiedVinEnergo Hon Trau Binh Dinh…2029e750 MWCorio / Fecon Vung Tau · 500 MW · Proposed · developer's date 2031 · not forecast · No auction award on record · origination unclassifiedCorio / Fecon Vung Tau2031e500 MWMarubeni / T&T Thai Binh · 1 GW · Proposed · developer's date 2031 · not forecast · No auction award on record · origination unclassifiedMarubeni / T&T Thai Binh2031e1 GWThang Long Wind (Ke Ga) · 3.4 GW · On Hold · outlook: Fragile · COD expected 2031 · No auction award on record · origination unclassifiedThang Long Wind (Ke Ga)—3.4 GWAMI Quang Binh · 2.4 GW · On Hold · outlook: Fragile · COD expected 2032 · No auction award on record · origination unclassifiedAMI Quang Binh—2.4 GWBinh Dai Cluster · 1 GW · On Hold · outlook: Fragile · COD expected 2032 · No auction award on record · origination unclassifiedBinh Dai Cluster—1 GWBinh Thuan AES (Floating) · 4 GW · On Hold · outlook: Fragile · COD expected 2032 · No auction award on record · origination unclassifiedBinh Thuan AES (Floating)—4 GWCIP / PetroVietnam South-Central Vietnam · — · Proposed · developer's date 2032 · not forecast · No auction award on record · origination unclassifiedCIP / PetroVietnam South-Cen…2032e—Corio Binh Thuan · 3 GW · Proposed · developer's date 2032 · not forecast · No auction award on record · origination unclassifiedCorio Binh Thuan2032e3 GWCorio Hai Phong · 1 GW · Proposed · developer's date 2032 · not forecast · No auction award on record · origination unclassifiedCorio Hai Phong2032e1 GWNinh Thuan 1 - T&T Group · 3 GW · On Hold · outlook: Fragile · COD expected 2032 · No auction award on record · origination unclassifiedNinh Thuan 1 - T&T Group—3 GWPTSC Sembcorp Vung Tau · 2.3 GW · Early Development · outlook: Prospective · COD expected 2033 · No auction award on record · origination unclassifiedPTSC Sembcorp Vung Tau2033e2.3 GWPhu Cuong Soc Trang Phase 2 · 1.2 GW · Proposed · developer's date 2033 · not forecast · No auction award on record · origination unclassifiedPhu Cuong Soc Trang Phase 22033e1.2 GWCan Gio · 6 GW · Proposed · developer's date 2036 · not forecast · No auction award on record · origination unclassifiedCan Gio2036e6 GWBen Tre - Mainstream / AIT · 500 MW · Early Development · outlook: Prospective · No auction award on record · origination unclassifiedBen Tre - Mainstream / AIT—500 MWBen Tre 2 (Nexif) · — · Proposed · No auction award on record · origination unclassifiedBen Tre 2 (Nexif)——Binh Thuan - T&T / Ørsted · 5 GW · Cancelled · No auction award on record · origination unclassifiedBinh Thuan - T&T / Ørsted—5 GWGulf Ben Tre 3 · 2.3 GW · Cancelled · No auction award on record · origination unclassifiedGulf Ben Tre 3—2.3 GWHai Phong City - Ørsted / T&T Group · 3.9 GW · Cancelled · No auction award on record · origination unclassifiedHai Phong City - Ørsted / T&…—3.9 GWHoa Lac Vinh Chau (Soc Trang) · 350 MW · Proposed · No auction award on record · origination unclassifiedHoa Lac Vinh Chau (Soc Trang)—350 MWKhai Long (Ca Mau 1) · 300 MW · Proposed · No auction award on record · origination unclassifiedKhai Long (Ca Mau 1)—300 MWLa Gan · 3.5 GW · Early Development · outlook: Prospective · No auction award on record · origination unclassifiedLa Gan—3.5 GWNgoc Hien Ca Mau · 3 GW · Cancelled · No auction award on record · origination unclassifiedNgoc Hien Ca Mau—3 GWNinh Thuan Province OFW · 1.8 GW · Cancelled · No auction award on record · origination unclassifiedNinh Thuan Province OFW—1.8 GWPNE Binh Dinh (Hon Trau) · 2.1 GW · Cancelled · No auction award on record · origination unclassifiedPNE Binh Dinh (Hon Trau)—2.1 GWPhu Cuong Soc Trang Phase 1 · 200 MW · Early Development · outlook: Prospective · No auction award on record · origination unclassifiedPhu Cuong Soc Trang Phase 1—200 MWQuang Ninh 1 · 200 MW · Proposed · No auction award on record · origination unclassifiedQuang Ninh 1—200 MWQuang Ninh 4 · 50 MW · Proposed · No auction award on record · origination unclassifiedQuang Ninh 4—50 MWThai Binh Floating Wind · 3 GW · Cancelled · No auction award on record · origination unclassifiedThai Binh Floating Wind—3 GWVinh Phong · 1 GW · Cancelled · No auction award on record · origination unclassifiedVinh Phong—1 GWXuyen Moc · — · On Hold · outlook: Fragile · No auction award on record · origination unclassifiedXuyen Moc——

Source: Hafrok · hafrok.com/markets/vietnam · data as of 13 Oct 2026