Project Launch Ceremony at Nam Dinh Vu Industrial Park
On March 9, 2026, the launch ceremony for GE Vernova’s new grid equipment manufacturing facility was held at Nam Dinh Vu Industrial Park in Hai Phong, marking the company’s expansion of its manufacturing operations in the city.
The event was attended by Mr. Le Anh Quan – Member of the Standing Committee of Hai Phong Party Committee and Standing Vice Chairman of the Hai Phong People’s Committee; representatives from city departments and agencies; the Hai Phong Economic Zone Authority; the U.S. Embassy in Vietnam; Sao Do Group – the developer of Nam Dinh Vu Industrial Park; along with GE Vernova leaders and international partners.
GE Vernova’s decision to locate the project at Nam Dinh Vu Industrial Park further highlights the attractiveness of Hai Phong’s investment environment and reinforces the industrial park’s growing role in attracting high-tech industrial projects and leading global companies.
Mr. Le Anh Quan – Member of the Standing Committee of the Hai Phong Party Committee and Standing Vice Chairman of the Hai Phong People’s Committee – attended the launch ceremony of GE Vernova’s factory project at Nam Dinh Vu Industrial Park.
GE Vernova – A Global Energy Company
GE Vernova is a global energy company within the General Electric ecosystem, operating across power generation, renewable energy, and grid solutions. The company provides advanced technologies that support electrification and the global energy transition.
With operations in numerous countries and thousands of large-scale energy projects worldwide, GE Vernova plays an important role in developing modern energy infrastructure and improving the efficiency of power systems.
In the grid sector, GE Vernova is among the pioneers in advanced power transmission technologies, particularly HVDC (High Voltage Direct Current), which enables efficient long-distance electricity transmission while enhancing grid stability, safety, and reliability.
New Factory to Produce Grid Equipment with an Investment of Around USD 200 Million
At the GE Vernova Energy of Change Summit, the company announced a planned investment of approximately USD 200 million to expand its grid solutions manufacturing capacity through the construction of a new factory in Hai Phong.
The facility will focus on producing large power transformers, primarily serving HVDC (High Voltage Direct Current) transmission projects. This technology enables efficient long-distance electricity transmission while ensuring the stability, safety, and reliability of power grids.
The Hai Phong facility will complement GE Vernova’s existing HVDC transformer manufacturing network in Stafford (United Kingdom) and India.
The project is expected to be developed in phases and reach full operation by 2028. Once completed, the factory will manufacture critical power equipment at scale to support GE Vernova’s global project portfolio while meeting the growing demand of the regional market.
A Milestone of Cooperation at Nam Dinh Vu Industrial Park
Speaking at the project launch ceremony, a representative of Sao Do Group, the developer of Nam Dinh Vu Industrial Park, expressed pride in GE Vernova’s decision to select the industrial park as the location for its new project in Hai Phong.
According to the group’s representative, the presence of a global energy company like GE Vernova marks an important milestone for Nam Dinh Vu Industrial Park. It also contributes to improving the quality of investment inflows into the industrial park while promoting the development of a high-tech industrial ecosystem in the area.
Nam Dinh Vu Industrial Park is being developed as a modern industrial zone integrated with seaport and logistics services, featuring synchronized infrastructure, an on-site seaport system, and convenient transportation connectivity. These advantages enable businesses to optimize supply chains and production as well as import–export operations.
With its strategic location in the Dinh Vu – Cat Hai Economic Zone and a favorable investment environment, Nam Dinh Vu is increasingly becoming a destination for international investors in industrial and energy sectors.
Mr. Nguyen Thanh Phuong – General Director of Sao Do Group – delivered remarks at the event.
Promoting the Energy Industrial Ecosystem
GE Vernova’s project is expected to contribute to the development of the electrical equipment supply chain and the energy industry in Northern Vietnam, while also creating additional employment opportunities for the local workforce.
The project launch at Nam Dinh Vu Industrial Park not only marks the beginning of a large-scale industrial investment, but also opens up new opportunities for cooperation in the energy and technology sectors.
Amid growing global energy demand and the accelerating trend of electrification, attracting leading energy technology companies such as GE Vernova is considered an important step in strengthening Hai Phong’s position on the regional industrial investment map.