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.
National 
Benefits
Regional
Benefits

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