The Aboitiz Group, via its energy arm AboitizPower, is actively exploring new opportunities to invest in Vietnam’s power sector following high-level meetings with Vietnamese authorities. This initiative comes as Vietnam pursues rapid economic growth and accelerates its transition to clean, stable, and sufficient energy amid soaring demand in emerging industries such as artificial intelligence (AI) and big data.
AboitizPower expressed particular interest in wind, solar, and liquefied natural gas (LNG) projects, as well as transmission infrastructure to strengthen Vietnam’s national electricity grid. The company is also researching AI-driven maintenance to boost power plant efficiency, showcasing a commitment to modernising power operations for greater reliability. These ambitions align closely with Vietnam’s Adjusted Power Development Plan VIII, which aims for renewables to contribute 28-36% of national capacity by 2030 and up to 75% by 2050.
Vietnamese Deputy Prime Minister Nguyen Chi Dung voiced strong support for AboitizPower’s proposals, emphasising the government’s resolve to create favourable conditions for international partners and their long-term investments. The Deputy PM encouraged Aboitiz to work closely with the Ministry of Industry and Trade and local authorities to identify suitable opportunities, particularly large-scale projects in wind, solar, and LNG, while also considering innovative models such as integrated energy hubs with data centres and supporting industries for both domestic use and export.
With nearly 50 power plants and a diversified renewable energy portfolio totalling approximately 5,000 MW in the Philippines, AboitizPower brings significant expertise in thermal, hydro, geothermal, wind, and solar power.Â
The ongoing engagement and positive signals from the Vietnamese government mark a promising step for AboitizPower’s entry into Vietnam’s power sector. Discussions are expected to progress rapidly, aiming to transform investment interests into concrete, high-impact projects that support Vietnam’s ambitious growth and energy sustainability goals.