National Benefits

Vietnam’s energy system presents the opportunity for the creation of a renewable energy industry. A renewables industry will enable Vietnam to diversify its energy supply, ensure energy independence, and provide cheap and reliable electricity. The success of this industry will act as a breakthrough for the Vietnamese government in implementing the goals of green growth and sustainable development that is also stated in resolution 55/NQ-TW. The transition away from coal to renewables, will also positively impact foreign direct investment into Vietnam as we see the trend for large multi-nationals with manufacturing facilities move to electricity generated from renewable energy.

Regional Benefits

The Soc Trang Province can establish itself as the leading hub supplying the offshore wind industry in Vietnam. The creation of a local supply chain can be established in the province to facilitate construction of the offshore wind farm and O&M activities along the south east coast of Vietnam and further afield. Already, the outcomes from a tender exercise on balance of plant have provided the team with oversight on a potential local supply chain and contractors. The contractors we have spoken to are all committed to utilise local people for manpower during construction and O&M of the plants. The tender exercise also indicated some port facilities in the region will be considered for logistics and storage work during project execution. Additionally, the intention of the project to build a jetty and upgrade infrastructure in the project area will benefit agricultural and seafood industries for the local communities.

Local Benefits

We are fully engaged with and committed to our communities. Our team works closely with the Vinh Chau commune, ward and local leaders to help structure community benefits that are sustainable. As part of our ESIA, we are working closely with indigenous and fishing communities to ensure we can put in place structures that will benefit and stimulate the local economy including building of local infrastructure and skills and jobs training to and helping to create a sustainable and long-term industry to benefit the local communities around the wind farm.

Case Studies

New Homes in Kien Giang

In January 2019, the Phu Cuong Soc Trang project contributed $10.000 towards the construction of three new homes in the Kien Giang province, in the Mekong Delta area.

Ok Om Bok Festival

In November 2019, the Phu Cuong Soc Trang project sponsored the Ok Om Bok traditional boat racing event in Soc Trang province.

Fatherland Front

In October 2019, the Phu Cuong Soc Trang team sponsored the Fatherland Front event to promote religious groups in their efforts to tackle climate change.

Covid Face Mask delivery for local people in Soc Trang province.

In Covid period, we distributed 1,200 face masks to local people to help protect themselves from Covid-19 during the pandemic.

Mangrove planting funded as part of wind farm environment pledge

In June 2022, Mainstream Phu Cuong JV, the British Embassy and Green Happiness Program sponsored the planting of 10 hectares of mangrove forest in Vinh Chau – Soc Trang. This initiative responds to the "Green Canopy" campaign initiated by Queen Elizabeth II, encouraging people in the U.K. and around the world to plant more trees, creating a positive influence on future generations, and contributing to the achievement of sustainable development goals.

Policymakers shown Mainstream Pathways to build Offshore Wind capacity

Local government leaders from across Vietnam have been given valuable insights on policies that will accelerate the deployment of offshore wind farms during a Capacity Building seminar co-hosted by Mainstream. More than 50 delegates from 16 coastal provinces and cities attended the day long Hanoi event, which was staged last month in partnership with Vietnam’s Ministry of Foreign Affairs and the Global Wind Energy Association. The agenda explored many of the opportunities and challenges that are likely to arise for provinces as central government targets the installation of 7GW of offshore wind projects off the coast of Vietnam by 2030 as part of its Power Development Plan No. 8.