Vietnam’s government will “amend policies” to support production of clean energy technologies, a minister has said at the opening of a battery energy storage system (BESS) factory.
BESS manufacturer GG Power held a ceremony to officially its 5GWh production plant at an industrial zone in Hung Yen, in Northern Vietnam, on 11 April. The event was attended by dignitaries including Nguyen Hoang Long, deputy minister at the Ministry of Industry and Trade.
Deputy Minister Hoang Long gave a speech in which he emphasised the role of energy storage system (ESS) technology in Vietnam’s transition to sustainable energy. The deputy minister also highlighted the importance of reducing the Vietnamese industry’s supply chain dependence on imported equipment.
“Due to the urgent requirement for BESS, the Ministry of Industry and Trade will support domestic businesses, including GG Industries, to develop these systems and boost green, clean renewable energy use,” Long said, in remarks reported by GG Power to its LinkedIn page.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
“We will also amend policies to encourage local firms to develop Vietnamese-made products and ensure the renewable energy industry reaches its full potential in Vietnam.”
The country is one of Southeast Asia’s leaders in renewable energy adoption, particularly solar PV, following a support scheme for commercial solar introduced at the beginning of this decade that, according to various sources, saw installed capacity grow from less than a gigawatt in 2018 to around 16.5GW by the end of 2020, with about half on rooftops.
In order to integrate that generation to the grid and allow for further development, the government’s Power Development Plan VIII (PDP8), approved in early 2025, calls for a targeted 10GW to 16.3GW of BESS deployments by 2030.
This, energy consultant Sunita Dubey wrote in a February 2025 Guest Blog for Energy-Storage.news, was revised upward from an indicative target of just 300MW when PDP8 was first approved in 2023. The “monumental increase,” Dubey wrote, meant Vietnam had “set a serious, actionable goal for energy storage.”
Further policy developments include the January 2026 introduction of a tariff structure that pays energy storage systems for both availability and delivery, moving away from an energy-only compensation model, as Dubey wrote in another, more recent blog for this site.
Since then, a government directive was passed in March to promote and maximise self-consumption of energy generated by rooftop solar PV.
Goldwind technology transfer deal
GG Power, which was established in 2025, built its factory based on technology transfer from Chinese wind turbine and battery storage manufacturer Goldwind, which has IP in areas including grid-forming inverters.
According to reporting by newspaper VnExpress, GG Power’s licensing agreement with Goldwind allows the Vietnamese company to full control the R&D process, while its Chinese partner will continue to provide long-term technical support, train a team of specialised engineers, and update its operations and maintenance (O&M) technology continuously.
As of mid-2025, Goldwind had worked on deploying more than 135GW of renewable energy capacity across 47 countries.
GG Power said it made initial investment of VND300 billion (US$12 million) in the 1.2-hectare plant, which includes an R&D centre. The production plant’s 5GWh annual capacity will cater to all segments from residential to commercial and industrial (C&I) and utility-scale.
The plant, GGI Factory, is built to “international standards” and features over 90% automation, according to the company. GG Power also aims to localise more than 50% of its supply chain by the end of 2026.
In addition to downstream deployments seeing more gradual growth, Southeast Asia and ASEAN region countries are seeing a rapid rise in battery storage production capacity, as it has done in solar PV technology in preceding years.
US-headquartered technology provider and system integrator Fluence opened a 35GWh BESS assembly facility in Vietnam in late 2025, from which it caters to customer demand outside the US.
Construction began on what was claimed to be Vietnam’s first lithium iron phosphate (LFP) cell factory meanwhile began construction in 2022 through a partnership between another Chinese company, Gotion, and Vietnam’s VinES, a subsidiary of conglomerate VinGroup.
Elsewhere in the region, notable factory developments have been opened or announced in Indonesia, Thailand and the Philippines. The largest of these so far appears to be CATL’s US$6 billion end-to-end integrated manufacturing complex with local partners in West Java, Indonesia, on which work began last summer.
Energy-Storage.news publisher Solar Media (part of the Informa Group), will host the Energy Storage Summit Asia 2026 at QSNCC, Bangkok, Thailand, from 1-3 July 2026. See the event website for more details, including the agenda and ticket information.
