Vietnam Just Energy Transition Partnership

Overview

Under the Vietnam Just Energy Transition Partnership, three major renewable energy projects are moving forward. 

Construction of the Bac Ai pumped storage hydroelectric plant (1,200 MW), the first of its kind in Vietnam, began in February 2025. 

The Tri An hydropower plant is being expanded by 200 MW to support greater integration of intermittent renewable energy into the grid. 

In the south, phase 2 of the Tra Vinh near-shore wind farm (48 MW) has been approved, with a tender planned for mid-2025 and pre-development already underway.

Milestones

• Hydropower plant Tri An: KfW starts due diligence
• EIB to start consultations under Article 19 procedure
• Adoption of the Vietnam JETP Resource Mobilisation Plan (JETP - RMP)
• EIB’s board to take investment decision
• The Tra Vinh project: Impact assessment and a decision on a phase 2 expansion