French hydrogen developer HDF Energy has unveiled a USD 500 million (approximately EUR 460 million) investment plan to accelerate green infrastructure in Vietnam, focusing on renewable power, hydrogen-based transportation, and decarbonized maritime operations.
During a meeting with Vice Chairman Bui Xuan Cuong of the Ho Chi Minh City People’s Committee on November 20, HDF’s Vietnam director Tran Khanh Viet Dung outlined a diverse portfolio of projects. These include a hydro-powered hydrogen water bus along the Saigon River, green power solutions for the Con Dao Special Administrative Zone, a green port in Can Gio, and a hydrogen-powered urban rail system currently in R&D.
“HDF Energy has maintained a representative office in Vietnam since 2022 and has collaborated with ministries, agencies, and state-owned enterprises,” Dung said, noting that the group’s Vietnam-focused pipeline spans energy, transportation, and petrochemicals. Vice Chairman Cuong welcomed the initiative, saying, “Developing renewable energy and green transportation is essential to ensure energy security, sustainable economic growth, and environmental protection. We are committed to facilitating progress and working closely with HDF Energy.”
This investment push builds on recent moves by HDF to anchor itself in Vietnam’s clean energy transition. In June, the company partnered with state-owned Vietnam Maritime Corporation (VIMC) to introduce green hydrogen and fuel cell systems into maritime logistics. A month earlier, HDF signed a memorandum of understanding with Southern Power Corporation to develop five off-grid and island-based renewable power plants worth around USD 575 million.
With these commitments, French developer HDF Energy is positioning itself as a key player in Southeast Asia’s emerging hydrogen economy, combining decentralized energy production with transport and port decarbonization.
Source: Fuel Cell Works
