Pacific Group Proposes Nearly US$2 Billion Green Energy Investment Portfolio in Lam Dong
A portfolio of eight renewable energy projects with a total proposed investment of nearly VND 50 trillion (approximately US$2 billion) has been proposed by Pacific Group in Lam Dong Province, highlighting growing investor confidence in the province’s long-term development potential.
On June 8, Ho Van Muoi, Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, and Chairman of the Lam Dong Provincial People's Committee, chaired a working session with Pacific Group Joint Stock Company (Pacific Group) to review ongoing projects and discuss future investment plans in the province.
Attending the meeting were Vice Chairpersons of the Provincial People's Committee, leaders of provincial departments and agencies, along with representatives of Pacific Group led by Phan Le Hoang, Chief Executive Officer (CEO).
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Speaking at the meeting, Chairman Ho Van Muoi acknowledged Pacific Group’s presence in Lam Dong for more than a decade, noting that the corporation has implemented several projects that have made meaningful contributions to the province’s socio-economic development.
He emphasized that the newly proposed projects align closely with Lam Dong’s development strengths, particularly in the energy sector, and could become major catalysts for economic growth in both the short and long terms.
Lam Dong welcomes capable and experienced investors to study and pursue investment opportunities in the province, including Pacific Group. We regard businesses as key drivers of economic growth and are committed to providing the most favorable conditions for investors.
Ho Van Muoi, Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, and Chairman of the Lam Dong Provincial People's Committee
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According to Pacific Group, its proposed Green Project Portfolio in Lam Dong consists of 10 projects with a total investment of approximately VND 55 trillion.
Of these:
- Two projects are already operational, including:
- Vinh Tan International Port in Vinh Hao Commune
- Thai Hoa Wind Power Plant in Hoa Thang Commune
- Eight additional projects have received approval for research and feasibility surveys, representing a total proposed investment of VND 48.7 trillion.
Among the eight proposed projects:
- Three projects have been incorporated into the Lam Dong Provincial Master Plan for the 2026–2030 period, with a combined investment of VND 10 trillion.
- Five projects are being surveyed and proposed for inclusion in the provincial planning framework, with a combined investment of VND 38.7 trillion.
The corporation stated that once approved and implemented, the projects will establish an integrated renewable energy ecosystem, connecting power generation, logistics, port operations, and wind-power equipment manufacturing within the same regional development framework.
The company estimates that upon completion, the portfolio will contribute approximately VND 1.3 trillion annually to the state budget and create around 2,500 local jobs.
With strong support and favorable conditions from Lam Dong Province, we are committed to implementing all projects in full compliance with legal regulations, ensuring progress in line with approved planning and contributing to the province’s economic growth in the new development phase.
Phan Le Hoang, Chief Executive Officer, Pacific Group
During the meeting, provincial leaders and department representatives largely expressed support for the proposed projects, noting their consistency with current green-growth and renewable-energy development trends.
Provincial authorities also encouraged the investor to explore additional renewable energy opportunities in Phu Quy Special Zone.
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Provincial leaders advised Pacific Group to actively coordinate with relevant departments to integrate projects into planning frameworks where necessary and prioritize projects with favorable conditions for early implementation while gradually addressing more complex projects.
Several participants also stressed the importance of carefully assessing project feasibility, environmental impacts, issues related to mineral resources, and potential planning overlaps before formal investment proposals are submitted.
Specialized departments were tasked with continuing to support the investor throughout the survey, planning, and investment-approval processes.
At the conclusion of the meeting, Chairman Ho Van Muoi emphasized that Pacific Group should focus first on completing projects already underway and those included in the province’s approved development plan for 2026–2030.
For the Vinh Tan Industrial Cluster, the Department of Agriculture and Environment was instructed to review outstanding issues and report to the Provincial People's Committee. For the two projects included in National Power Development Plan VIII (PDP VIII), the Departments of Industry and Trade, Construction, and Agriculture and Environment were assigned to identify and consolidate existing challenges.
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Departments and agencies must proactively support investors and resolve issues within their areas of responsibility. On the investor’s side, close coordination with local authorities is essential to achieve practical and effective solutions.
Ho Van Muoi, Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, and Chairman of the Lam Dong Provincial People's Committee
Pacific Group is a diversified corporation active in industrial development, EPC contracting, and real estate. Its notable projects include Vinh Tan International Port, Thai Hoa Wind Power Plant, and the Huong Binh Cable Car Project.