Mr. Bui Xuan Binh – Chairman and CEO of GG Industries – attended and was the only private-sector representative to answer two questions during the panel discussion on ‘Energy Storage Solutions to Achieve the Adjusted Power Development Plan VIII (PDP8) Targets’
On September 12, 2025, at the Melia Hotel (Hanoi), the Global Energy Alliance for People and Planet (GEAPP) hosted the Technical Working Group Meeting on Battery Energy Storage Systems (BESS).
During the discussion session, in response to a question about the challenges faced by a pioneering enterprise in Vietnam in developing BESS products, as well as key issues of concern to corporate clients, Mr. Bui Xuan Binh highlighted several critical points:
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Regulatory framework and electricity pricing mechanisms for private enterprises investing in BESS, particularly at the scale of 50–100 MWh/year; alongside the establishment of technical standards for BESS and integration standards into existing systems.
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Fire safety (FSS) is the top concern for clients when adopting BESS solutions; technical safeguards and emergency response protocols tailored to each model are essential.
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Limitations of existing electrical infrastructure at enterprises: readiness levels for integration, retrofitting, and operations to maximize BESS energy efficiency.
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Micro-grid solutions: ensuring independent operation when required while maintaining uninterrupted production for enterprises.
When asked about Vietnam’s potential role in the BESS supply chain and strengthening domestic technological independence in energy storage and power management solutions, Mr. Binh emphasized: the appropriate first step is to accelerate upstream development—the mining and refining of critical raw materials for lithium battery production. At present, midstream activities (such as electrode component manufacturing) remain at a basic level, producing low–value-added parts.
Vietnamese enterprises have opportunities in mechanical components, but must invest heavily in R&D, pursue technology transfer with global leaders, and develop a skilled workforce to gradually master high–value components such as control circuit boards and BESS software management systems. GG Industries is among the first companies in Vietnam to integrate BESS systems.
In addition to the two questions from the moderator, Mr. Binh also shared further insights on Vietnam’s role in the global energy supply chain and the potential for GG Industries’ international market expansion in the near future.
The meeting focused on the following key topics: solutions for BESS development to realize the targets of the Adjusted Power Development Plan VIII (PDP8); grid-scale BESS models; introduction of GEAPP’s BESS Consortium and the ENABLE platform; sharing of practical experiences on BESS applications in transmission from Power Corporations; and a presentation by the Institute of Energy on the roadmap for grid-scale BESS development in Vietnam.
GG Industries has set a goal to build a closed-loop value chain: from market research – in-depth R&D – product development and distribution – brand building – after-sales services – to the collection and recycling of Lithium-based products in general and BESS in particular.The GG Industries factory, with an expected annual capacity of 1 GW for residential products and 5 GW for commercial & industrial products, is scheduled to be inaugurated and commence production by the end of 2025. This milestone will contribute to strengthening technological self-reliance, energy security, and green growth in Vietnam.
