The Ministry of Industry and Trade is drafting a decree to implement National Assembly Resolution No. 253/2025/QH15 dated December 11, 2025, on mechanisms and policies for national energy development from 2026 to 2030. The draft focuses on raising the “entry standards” for businesses involved in offshore wind power, from surveying to investment dossier preparation.
According to the draft, businesses proposing to survey offshore wind projects must have a minimum charter capital of VND 5,000 billion. In joint ventures, the combined charter capital of all members must meet this threshold.
Beyond substantial capital, businesses must also demonstrate practical experience. Specifically, they must have directly invested in or contributed capital to at least one energy project with a total investment of at least VND 10,000 billion, operational for the past five years, with a minimum contribution of 5% of the total project value.
Additionally, businesses may qualify if they have participated in managing or constructing offshore wind projects in Vietnam or abroad.
These requirements do not apply to entities solely providing consulting or survey services, unless they independently conduct the survey.
 The Ministry of Industry and Trade proposes a new regulatory framework for offshore wind power (Illustrative image)
|
Another notable aspect of the draft is the handling of survey costs when state-owned enterprises are assigned to conduct surveys.
If a state-owned enterprise surveys but does not participate in the project, the winning investor must reimburse all survey and dossier preparation costs within 30 working days of being approved as the project owner.
If no investor is selected within 12 months of survey completion, all survey costs will be accounted for as the state-owned enterprise’s production and business expenses.
If a state-owned enterprise surveys and continues to invest in the project in the same area, other investors must reimburse survey costs proportionally to their capital contributions before being approved as project owners.
If a project is deemed ineligible, halted, canceled, or not continued as per competent authority decisions, survey costs will be allocated proportionally to capital contributions and accounted for as each enterprise’s expenses.
The Ministry of Industry and Trade also proposes procedures for receiving and processing investment approval applications and offshore wind survey proposals, along with coordination mechanisms among competent authorities for both the 2025-2030 and 2031-2035 periods.
For projects expected to operate from 2025 to 2030, investment approval applications must include all legally required content, relevant construction details if a pre-feasibility study report is needed, and information on sea area size, location, and survey duration.
Applications must also include preliminary data on wind speed, terrain, geology, oceanographic conditions (if available), and equipment transportation port plans.
Investors must propose electricity price reductions compared to the price ceiling at the time of power purchase agreement negotiations, specify the sea area location within the surveyed area, and outline project milestones from approval to commercial operation.
For projects expected to operate from 2031 to 2035, applications are similar but must be based on actual survey data from the assigned sea area, rather than preliminary data.
At this stage, investors may propose electricity price reductions if desired and must obtain written approval for the power collection point location from the Ministry of Industry and Trade.
Not only survey entities but also businesses preparing investment approval applications must meet high financial standards. Besides a minimum charter capital of VND 5,000 billion, businesses must have owner’s equity of at least 20% of each proposed project’s total investment, excluding capital already invested in ongoing projects or other long-term financial investments.
– 19:10 16/01/2026
Billion-Dollar Projects Enter Synchronized Deployment Phase: Which Oil and Gas Companies Are Ready to Ride the Wave?
Agrisec highlights several flagship projects, including Lot B and Lac Da Vang, which are poised to significantly drive revenue and profitability for companies in the oil and gas exploration and production sector.
CEO of VinEnergo: “The Safety of the Can Gio Marine Ecosystem is Our Top Priority”
Aiming for 100% clean and renewable energy, Vinhomes Green Paradise Can Gio (Ho Chi Minh City) will be powered by an offshore wind farm located 3-14 km from the shore. How will this impact the natural marine ecosystem of Can Gio? Mr. Nguyen Anh Khoa, CEO of VinEnergo (a subsidiary of Vingroup), spoke with Tien Phong about the priorities in implementing this clean energy project.
Vietnam Set to Host Major Global Event, Gathering Top Businesses at World’s Top 10 Landmark in Just Over 20 Days
Experience the pinnacle of innovation and excellence at our upcoming 5-day event, set to take place from February 4th to 8th, 2026, in the heart of Hanoi. Hosted at the prestigious Vietnam Exhibition Center, a globally acclaimed venue ranked among the world’s top 10, this event promises an unparalleled showcase of cutting-edge advancements and industry leadership.
Who Are Vietnam’s Top Buyers of Petroleum Products?
As a leading Asian nation, this country stands as Vietnam’s largest customer, driving significant trade and economic growth between the two nations.
Prime Minister Urges Swift Completion of Negotiations with Russia on Ninh Thuận 1 Nuclear Power Plant
The Prime Minister has mandated the completion of negotiations with Russia regarding investment cooperation for the construction of the Ninh Thuận 1 nuclear power plant by January 2026.
