(VOVWORLD) - European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines plants, sources familiar with the situation said, as the country gears up to exploit its large untapped potential in offshore wind, according to Reuters.
 A wind farm in Bac Lieu province, Vietnam. (Photo: Phan Tuan Anh/VNA)
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Vietnam is seen as a potential major player in the sector because of its strong winds in shallow waters near coastal, densely populated areas, according to the World Bank Group.
EU companies are looking for sites near ports but talks with local authorities and industrial parks are still preliminary, as investors are waiting for the country to approve clear rules on offshore wind farms, according to Reuters’s unnamed source.
The case for manufacturers to locate in Vietnam is strong because of its industrial strength and proximity to advanced offshore wind markets in East Asia.
"We expect important investments to be decided this year by major global players in the offshore wind sector for the manufacturing of wind turbine components and Vietnam stands a good chance to welcome these," said Bruno Jaspaert, Director of DeepC, an industrial zone in northern Vietnam.