Five key strategies to power Thanh Hoa’s energy industry growth

The central province of Thanh Hoa has outlined five key solutions to address challenges and realize its goal of becoming a national energy industry hub by 2030.

First, focus is placed on completing the legal framework and concretizing Resolution 55-NQ/TW on national energy development orientation and the national Power Development Plan VIII through 2030, with a vision toward 2050.

Second, priority is given to accelerating the progress of strategic projects, such as the Nghi Son LNG Power Plant and the Hoi Xuan Hydropower Plant. At the same time, the province has proposed adding approximately 10,000 MW of new capacity to the national plan.

Third, efforts are underway to improve the investment environment through transparent bidding mechanisms, land planning for crude oil and LNG reserves at Nghi Son Economic Zone, and promoting high-tech, energy-efficient projects.

Fourth, digital transformation in power grid management and operation is being strengthened to optimize performance and reduce operating costs.

Finally, Thanh Hoa is enhancing public awareness of energy conservation and expanding international cooperation to apply green technologies, such as green hydrogen and battery energy storage.

During the 2021–2024 period, the annual average growth rate of Thanh Hoa’s energy industry reached 21.47%—far surpassing the overall growth rate of the province’s industrial sector (16.83%) and its GRDP (10.06%).

The share of the energy industry in the province’s industrial structure has significantly increased, from 27.81% in 2020 to 57.39% in 2024.