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Vietnam's first green hydrogen plant will cost $840 million to build.

David Lang
Founder & CEO, Viettonkin; FDI and Fortune 500 Consultant
Trường (David) Lăng, Founder & CEO of Viettonkin, is a distinguished FDI advisor and Fortune 500 consultant, spearheading thousands of successful investment projects to connect ASEAN economies with the world.
Trường (David) Lăng, Founder & CEO of Viettonkin, is a distinguished FDI advisor and Fortune 500 consultant, spearheading thousands of successful investment projects to connect ASEAN economies with the world.
pexels pixabay

The government announced on Wednesday that the construction of Vietnam's first green hydrogen plant will begin next month, as the Southeast Asian country aims to increase the use of cleaner energy while reducing its reliance on coal in its power mix.

The plant will be built by TGS Green Hydrogen in the southern province of Ben Tre, with trial operations set to begin in the first quarter of next year, according to the government.

pexels pixabay

When hydrogen is collected from water using electrolysis powered by renewable energy, it is classified as "green," and it is considered critical to helping industry decarbonize, despite the fact that the technology is still expensive and in its early stages of development.

According to the government, the VND19.5 trillion ($840 million) plant will create 24,000 tonnes of green hydrogen, 150,000 tonnes of ammonia, and 195,000 tonnes of oxygen per year at first, with capacity more than doubling afterward.

Vietnam, a regional manufacturing powerhouse, aims to nearly quadruple its total installed power generation capacity to 146,000 megawatts by 2030, with a focus on renewable energy and coal reduction.

At the United Nations Climate Conference in Glasgow (COP26) in November last year, the country pledged to become carbon neutral by 2050.

Source: VNExpress

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About the Author
David Lang
Founder & CEO, Viettonkin; FDI and Fortune 500 Consultant
Trường (David) Lăng, as Founder and CEO of Viettonkin, dedicates his extensive expertise to fostering robust trade and investment bridges between Southeast Asia and global partners. With over 17 years of experience, he has successfully guided over 3,000 FDI projects and advised Fortune Global 500 corporations on complex market entry and expansion strategies. His impactful work includes providing technical assistance to governments, developing innovative initiatives like Viettonkin's 'FDI Desks,' and maintaining strategic relationships with central authorities and NGOs. David's thought leadership in economic development and policy advocacy empowers businesses worldwide to confidently navigate and thrive in emerging markets.

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Vietnam's dynamic banking sector is a top destination for foreign investment. To succeed, you need a deep understanding of the local landscape, from new regulations to market entry models.

Our eBook, "ESTABLISHING FOREIGN BANK PRESENCE IN VIETNAM" gives you the crucial insights you need, including:

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