Tra Vinh aims to become renewables exporter hub

A June resolution by the National Assembly (NA) on marine spatial planning towards 2030 has complemented content on studying and developing Tra Vinh into a renewable energy export centre. This is a prerequisite for laying the bedrock for Tra Vinh to strongly develop renewable energy, offshore wind power, and hydrogen production.

Tra Vinh’s renewables ambitions have been set in stone through national planning

Previously, Ngo Chi Cuong, Secretary of Tra Vinh Party Committee, had mandated NA deputies to research and submit proposals to the National Assembly Committee on Science, Technology, and Environment, and the Ministry of Natural Resources and Environment to consider adding content on the province to the resolution and seek NA approval.

This leverages Tra Vinh and the delta region’s actual potential, such as Vietnam’s first green hydrogen production plant valued at $330 million being kicked off in Tra Vinh in March 2023; a raft of nearshore and offshore wind power projects in the development pipeline in the province; and engaging power purchase agreements with Singaporean partners which are awaiting government consideration, among others.

On that basis, the relevant management agencies made careful consideration before submitting the proposal on developing Tra Vinh’s renewables. The proposal got the thumbs-up from the NA deputies with a very high consensus rate.

NA deputy Tran Quoc Tuan said that the proposal aligns with the government commitment to propelling renewable energy development as well as Tra Vinh’s development requirements.

“The approval of the resolution with added content about developing Tra Vinh serves as an important legal fundament to help the province entice domestic and overseas investment sources to best avail of immense local potential of sunlight, wind, and green hydrogen,” said Tuan.

The province wants to make more use of solar, wind, and hydropower

Latest figures from Tra Vinh Statistics Office show that it raked in impressive growth figures in the first six months of this year. Its regional GDP reached 10.27 per cent compared to 5.74 per cent just one year ago, taking the lead in the Mekong Delta region and ranking sixth nationwide.

Total budget collection came to $467.5 million, hitting 82 per cent of the estimate and up 20.2 per cent on-year; and total investment volume in the locality amounted to $587.3 million, up 8.1 per cent on-year.

The industrial growth approximated 25 per cent in the first half of 2024 compared to a 5.71 per cent hike one year ago, making a big contribution to the province’s regional GDP.

All four sub-sectors of industrial production showed growth compared to the same period last year, of which the group of electricity, gas, water heating, steam, and air conditioning production and distribution showed a 75 per cent jump on-year.

The high industrial growth was infused by the fact that this year, all thermal power plants at Duyen Hai Power Centre have run at full capacity, with a 70.7 per cent jump on-year in total power output, whereas the processing and manufacturing industry has maintained good growth momentum.

Also this year, Tra Vinh has been proactive in wooing private ventures to develop the local marine economy, focusing on renewable energy projects. It has created conditions for investors to speed up implementation of existing wind power projects and other key initiatives, such as Dinh An Port, a green hydrogen plant, and Co Chien Industrial Park infrastructure project, to name but a few.

Tra Vinh proactive in green development The Mekong Delta province of Tra Vinh has extended growth momentum in diverse fields with distinct advantages, particularly taking measures to maintain green competitiveness.

Tra Vinh to thrive thanks to bountiful marine economy Tra Vinh is set to elevate development by leveraging abundant marine resources attuned to its carefully crafted strategy, which was approved last week.

Tra Vinh approves 576 billion VND petroleum storage terminal project The southern province of Tra Vinh has approved an investment worth 576 billion VND (23.26 million USD) to develop a petroleum storage terminal project by the Tra Vinh Petrochemical and Energy Joint Stock Company.

Support rises for businesses in Tra Vinh Part of the Mekong Delta, Tra Vinh province is ramping up efforts for investment promotion and investor support to bring breakthroughs to development.