At the meeting, GE Vernova’s leadership expressed their high regard for Vietnam’s role in Southeast Asia and shared the company’s strategic orientation to expand its presence and make long-term investments in the Vietnamese market.

GE Vernova is currently implementing plans to invest in the construction of a new grid equipment manufacturing plant in Hai Phong, with a total investment of approximately USD 200 million. The project is expected to create hundreds of jobs and support the regional supply chain for power equipment. The plant is scheduled to begin operations in 2027, serving the demand for grid upgrades and large-scale power transmission projects.

In addition, GE Vernova also introduced several technological solutions in the fields of high-efficiency gas turbines, power grids, and emerging energy technologies. Company representatives affirmed their readiness to support Vietnam in developing gas-fired power projects and enhancing the operational efficiency of the power system, in line with the development orientation of the revised National Power Development Plan VIII.

EVN Chairman Dang Hoang An meets with Mr. Scott Strazik, Chairman and CEO of GE Vernova Global, in Hanoi on March 9

Speaking at the meeting, EVN Chairman Dang Hoang An highly appreciated the cooperation between EVN and GE Vernova over the past years and acknowledged the company’s technological capabilities and extensive experience in the energy sector.

EVN’s leadership noted that Vietnam is entering a new stage in the development of its power system, with the dual objective of ensuring electricity supply security while promoting a sustainable energy transition. This requires increasingly advanced technological applications and improvements in operational efficiency across the power system. EVN therefore wishes to strengthen cooperation with international partners possessing strong technological capabilities and extensive experience in implementing large-scale energy projects, thereby supporting the development of the national power system and meeting future electricity demand.

EVN also proposed that both sides continue to explore specific areas of potential cooperation, particularly in technological solutions supporting power generation development and the modernization of the power grid system.

On this occasion, the two sides agreed to continue enhancing exchanges and promoting cooperation in the energy sector, especially in power generation development, grid infrastructure, and technological solutions supporting power system operations.

GE Vernova is a business unit of General Electric (GE, USA), operating in the fields of power generation, renewable energy, and electrification. Over the years, GE and its predecessor entities have provided equipment and technologies for numerous power generation and grid projects in Vietnam.

Translator: Hoàng Duy Khánh