Pacifico Energy has secured a site survey license for a 500 MW offshore wind project in Ba Ria–Vung Tau, offshore Ho Chi Minh City, Vietnam.

The license was issued by Vietnam’s Ministry of Agriculture and Environment and allows the US-based company to carry out survey and assessment work at the proposed project site. According to Pacifico Energy, the approval is among the first granted to a foreign developer under Vietnam’s new regulatory framework.

The company said the project is part of its expanding Asia-Pacific portfolio. In Vietnam, Pacifico Energy has previously developed a 40 MW solar farm in Lam Dong and a 30 MW wind farm in Vinh Long.

Vietnamese authorities have also recently issued similar survey approvals to domestic developers. Earlier this year, the government allocated sea areas to state-owned Petrovietnam and Vietnam Electricity for offshore wind site investigation work.

In 2025, the Ministry of Agriculture and Environment granted marine survey rights to Refrigeration Electrical Engineering Corporation for a large-scale offshore wind project. The approval covered geological and measurement studies during the early stage of project development.

The Vietnamese company recently disclosed plans for a billion-dollar investment drive in offshore wind as part of its renewable energy expansion strategy.