Vietnam’s Vingroup expands into green energy, infrastructure

In the infrastructure sector, Vingroup aims to pioneer the transition to green transportation across Vietnam.

Its activities will span high-speed rail, bridges, ports, and logistics.

Notably, VinSpeed High-Speed Railway Investment and Development JSC, a Vingroup affiliate, is seeking approval to invest in two high-speed rail lines in 2025.

In northern Vietnam, VinSpeed plans to develop the Hanoi-Quang Ninh line, stretching 120 kilometers, while in the south, the company is set to build a high-speed Ho Chi Minh City-Can Gio line, designed for speeds of up to 350 kilometers per hour.

In addition, VinSpeed has registered interest in investing in the national North–South high-speed railway project.

Vingroup also intends to invest in seaport and logistics infrastructure, with planned facilities in Hai Phong City, northern Vietnam and Ha Tinh Province, north-central Vietnam.

In the green energy space, VinEnergo Energy JSC will spearhead the development of large-scale solar and wind energy projects, utilizing advanced technologies.

The company will invest in energy storage systems powered by batteries produced by automaker VinFast, another Vingroup subsidiary.

Furthermore, VinEnergo plans to develop renewable energy and storage projects in Vietnam, India, Indonesia, and the Philippines, targeting a total capacity of up to 80 GW.

Nguyen Viet Quang, vice-chairman and CEO of Vingroup, said the group's decision aligns with key resolutions 57, 59, 66, and 68 issued by the Politburo.

"With Vietnamese resilience and intellect, and a strong sense of national pride, we are determined to successfully realize these national key projects and help lead Vietnam into a new era of prosperity and global standing," Quang stated.