Dongtam Group partners with CS Wind Corp to build a wind power equipment factory

DNHN - Dong Tam Group (DTG) and CS Wind Corporation (CS WIND) have officially signed a Memorandum of Understanding (MOU).

Present at the signing ceremony were leaders from Long An Province: Mr. Nguyễn Văn Được - Member of the Central Party Committee, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council; Mr. Nguyễn Văn Út - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; Mr. Mai Văn Nhiều - Member of the Standing Committee of the Provincial Party Committee, Standing Vice Chairman of the Provincial People's Council of Long An; Mr. Huỳnh Văn Sơn - Provincial Party Member, Vice Chairman of the Provincial People's Committee; along with representatives from provincial departments, agencies, and leaders from Cần Giuộc District.

Representing CS Wind were Mr. Bang Seong-Hun – Chief Executive Officer of CS Wind, South Korea; Mr. Roy Kim - Senior Director of CS Wind, South Korea; and Mr. Nguyễn Thế Kiện, General Director of CS Wind, Vietnam.

Representing Dongtam Group were Mr. Võ Quốc Thắng – Chairman of the Board; Mr. Nguyễn Văn Hùng - Board Member and General Director of Dongtam Group, along with various press and media agencies. With a robust production and quality management system, combined with extensive global management expertise, CS Wind has supplied more than 13,000 wind towers to the world’s leading wind turbine manufacturers such as Vestas, Siemens-Gamesa, GE, and Goldwind, affirming its position in the global renewable energy industry.

Long An Province, with its strategic location, rapid urbanization, and well-developed infrastructure, ranked second in the country in the 2023 Provincial Competitiveness Index (PCI). The province holds significant advantages in industrial and service development, attracting FDI, and benefiting from regional connectivity. In CS Wind’s development plan in Vietnam, Long An is the second province selected for investment. After an in-depth study, CS Wind decided to closely collaborate with DTG to establish a factory in the Southeast Asia Industrial Park in Long An (SEA IP), part of the Long An International Port Project Cluster, spanning 1,935 hectares (comprising four zones: Port, Urban Area, Industrial Services, and the Industrial Park), which is developed by Dongtam Group in Cần Giuộc District, Long An Province.

It is known that the cooperation agreement stipulates that DTG and its member units will lease 50 hectares of industrial and service land to CS Wind Vietnam for the construction of a manufacturing plant and assembly yard for onshore and offshore wind tower equipment, such as monopiles, transition pieces, etc., to serve the global market. This factory is expected to have the largest wind power equipment production capacity in the world at the time of project establishment, with an initial investment of up to USD 200 million. The factory is projected to produce tens of thousands of units annually, supplying super-heavy equipment weighing from 500 to 4,000 tons per unit. Notably, 100% of the equipment and accessories in the initial phase will be imported and exported through Long An International Port, estimated at 150,000 to 200,000 tons per year.

“The signing ceremony today, witnessed by the government of Long An Province, affirms the seriousness of the parties involved in investing in this project. The Long An government highly values the project and the partners, and commits to always supporting businesses, investors, and Cần Giuộc District in successfully implementing the project. The thriving industrial parks not only attract investment but also make a significant contribution to the state budget, creating more jobs for local workers, and producing high-quality goods for both domestic consumption and export. In Long An, nearly half of the local state budget revenue comes from industrial parks. We are always striving to make the investment environment of Long An a reliable, open, and favorable one,” said the provincial leadership at the event.

In his remarks, Mr. Võ Quốc Thắng – Chairman of Dongtam Group, representing the SEA IP investor, expressed the desire to contribute to the local socio-economic development: “We are very excited to have a reputable group like CS Wind invest in the Southeast Asia Industrial Park in Long An. Once the factory becomes operational, the equipment manufactured here will be easily exported to other countries through Long An International Port. This further enhances the appeal of Long An as an investment destination in the eyes of international investors. We also commit to creating the most favorable conditions for secondary investors throughout the project implementation process.”

The increased volume of goods imported and exported through Long An International Port will contribute to increasing the province’s import-export turnover, boosting budget revenue, promoting local socio-economic development, and contributing to the development of logistics activities and regional economic growth.

According to analysis from Bloomberg New Energy Finance (BNEF), with governments around the world actively promoting green energy development, wind and solar power are expected to meet 56% of global electricity demand by 2050. Countries like the U.S., China, and the European Union have set goals for carbon-free and carbon-neutral power grids, reflecting a global trend toward sustainable development. This project will contribute to ongoing efforts to localize Vietnam’s wind power supply chain and enhance competitiveness in the international market.

Hoàng Gia