Central province in Vietnam proposes geothermal development
Bai Dinh Temple, Vietnam (source: flickr/ Jean-Paul Navarro, CC BY-ND 2.0)
Alexander Richter
8 May 2025
Quang Ngai province in Vietnam proposes including a 25 MW geothermal power project in the national Power Development Plan.
The Binh Dinh province in Vietnam has proposed the inclusion of the 15-MW Hoi Van geothermal power project into Vietnam’s Power Development Plan VIII (PDP8). The proposed site is at the Cat Hiep commune in the Phu Cat district.
Under a power source structure approved in a decision by the Prime Minister from April 2025, Binh Dinh is expected to devleop approx. 45 MW in geothermal and other new energy by 2045. If approved, the project would help diversify the local energy mix and contribute to the national goal of increasing the share of renewable energy in the power system.
While there have been some news from time to time about the interest of Vietnam in geothermal, like a general interest in geothermal by the government and Icelandic partners, so far this is the most concrete proposal we have seen.
The provincial Department of Industry and Trade has submitted a formal request to the Ministry of Industry and Trade for review. The request includes technical documentation and initial survey data supporting the project’s feasibility.
A proposal to develop the Hoi Van geothermal power project and the Hoi Van resort project was submitted by the LIOA Geothermal Power Joint Stock Company to the People’s Committee of Binh Dinh province in 2024. According to the proposal, a total investment of VND 850 billion (approx. USD 32.7 million) will be needed to develop the 15-MW project.
According to officials, geothermal development could bring long-term benefits for Quang Ngai, including reduced greenhouse gas emissions and greater energy independence for remote communities. Including the proposed geothermal project in PDP8 provides the framework to attract the needed investment.
While geothermal has yet to be widely developed in Vietnam, interest is growing due to the country’s volcanic geology in certain regions.
Source: The Investor
