It is expected to generate electricity for over 7 million households each year.
According to the BVG Associates, the project will create over 45,000 full-time equivalent (FTE) jobs and contribute over 4.4 billion USD to the economy during the course of the project.
The total rate of locally-made components will account for about 45 percent of the supply chain of the project.
As the project will be carried out for many years, more opportunities will be given to Vietnamese contractors to join the supply chain.
Since the signing of a memorandum of understanding with the provincial People’s Committee in July 2020, the project has achieved significant progress, including preparing for a field survey and approving survey license.
With a total investment of 10 billion USD, it is also one of the first large-scale offshore wind power projects in Vietnam./.