This is according to a report from the Royal Norwegian Embassy in Hanoi on how to fast track an OSW supply chain in Vietnam delivered to the Ministry of Industry and Trade (MoIT) on October 4.

"We are honoured to launch this report with the presence of MoIT deputy minister Nguyen Hoang Long," said Ambassador Hilde Solbakken. "Norway is proud to cooperate with the MoIT in the renewable energy sector, both as a bilateral partner and a Just Energy Transition Partnership member. We hope this report will be useful in designing a roadmap for developing Vietnam's OSW industry. I believe this would also open new cooperation opportunities for Norwegian and Vietnamese companies."

Deputy Minister of Industry and Trade Nguyen Hoang Long said, "This is an important source of information for the government and the MoIT in our planning activities for the OSW industry."

Long also stressed Vietnam's potential in the developing a local supply chain for the industry by leveraging the experience of a well-established oil and gas industry, potentially saving much time and cost. He also expressed hope that Norway, with its long and well-established oil and gas and maritime industries, could assist Vietnam in doing so.

The report was commissioned by the Norwegian Embassy in Hanoi last December and outlines the steps in developing a well-functioning supply chain for Vietnam’s emerging OSW industry.

In order for Vietnam to meet its goals, the report suggests improvements in the regulatory and policy frameworks for OSW, strategic investments in port infrastructure, supplier upgrades, establishing a clear project pipeline, engaging with universities for skill development, and fostering international partnerships. ​

It further recommends establishing two inter-regional renewable energy centres in the north and south by 2030, which will serve as hubs for manufacturing, research, and green industrial zones.