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If Vietnam takes a central position in the global offshore wind power supply chain, will the traditional oil and gas industry have to give way to a new "green gold mine" worth tens of billions of dollars?
Offshore wind power is no longer a story of the future. Right now, Vietnam has businesses directly participating in the global supply chain and PTSC is emerging as a locomotive bringing dozens of domestic businesses to the international playing field.
At the Asia-Pacific Wind Energy Conference APAC Wind Energy Summit 2026, a representative of PTSC said that the business not only manufactures offshore wind power stands for the European and Taiwanese markets but also involves nearly 100 Vietnamese enterprises to join the production ecosystem.
The most notable thing is not the number of contracts but the industrial capacity being formed in the country.
Scale of projects PTSC has implemented
Result Indicators
Participating wind power capacity is about 6 GW
Wind power base manufactured 33 sets
10-station offshore transformer station
Nearly 100 Vietnamese businesses participate
Labor creates jobs for nearly 3,000 people
Implementation time: Nearly 3 years
Export revenue Hundreds of millions of USD
This number shows that Vietnam is no longer out of the gameglobal renewable energy.
While many countries are still importing the majority of wind power equipment, PTSC has directly participated in high value-added stages such as offshore structure manufacturing, oversized and super heavy transport and technical services.
Economic value is more than just revenue
Benefits Impact
Foreign currency Hundreds of millions of USD exported
Technology Approaching European standards
Human resources Training a team of high quality engineers
Supporting industries Forming domestic supply chains
Energy security Reduces dependence on international supplies
One of the most notable points is the localization ability.
Many countries develop offshore wind power, but most equipment must be imported. Meanwhile, PTSC is promoting Vietnamese businesses to participate more deeply in the entire value chain.
Why is offshore wind power considered the "new oil"
According to many international energy studies, offshore wind power will become one of the fastest growing power sources in the world in the next 20 years.
Not only selling electricity, any country that masters the supply chain will possess a huge industrial advantage similar to the role of oil and gas in the twentieth century.
Compare industry values
Field of Value creation
Traditional Petroleum Fossil Energy
Offshore wind power Clean electricity + manufacturing industry
Green Hydrogen Future Fuel
Green Ammonia New Energy Export
PTSC is currently not just playing the role of contractor.
The enterprise is expanding its manufacturing yard in Vung Tau, investing in specialized ships and super lifting equipmentimportant to catch the wave of offshore wind power development domestically and internationally.
Another strategic step is to participate in a wind power export project to Singapore, a project that is considered to be the largest cross-border energy cooperation model in Southeast Asia.
PTSC's long-term vision
Goal Orientation
Investor in wind power export project
Service Provider Leading the supply chain
Northern and Southern energy industry center
New energy Green Hydrogen, Green Ammonia
Transforming Petrovietnam Integrated Energy Industry Group
What makes experts especially concerned is that if Vietnam successfully implements the goal of developing 6 GW to 17 GW of offshore wind power in the future, the scale of the supporting industry could be much larger than the value of simple electricity sales.
Instead of just buying equipment from abroad, Vietnam can completely become a center for producing, manufacturing and exporting wind power equipment to the Asia-Pacific region.
From an oil and gas service enterprise, PTSC is gradually transforming itself into a leader of the new energy industry. This could be one of Petrovietnam's most remarkable transformation success stories in the next decade.
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