While the world waits in line for each shipment of battery containers from factories in China and the United States, in Hung Yen, a well-structured energy hub built by Vietnamese hands has already taken shape — ready to redefine the country’s position on the global green energy map.
Amid the global surge of the green energy transition, battery energy storage systems (BESS) are emerging as a defining trend, often compared to the “smartphones of the 2010s” for their explosive growth potential. By 2030, global installed BESS capacity is expected to increase fifteenfold, reaching a market value of up to USD 150 billion.
This rapid acceleration is driven by BESS’s strong advantages across both residential and industrial applications.
From an economic perspective, BESS enables electricity cost optimization through a “charge off-peak, discharge on-peak” mechanism. Businesses can store electricity when prices are low and use it during peak hours, significantly reducing energy costs and alleviating pressure on the power grid.
For critical infrastructure such as data centers, banks, and industrial zones that require uninterrupted power supply, BESS can serve as a reliable backup source, replacing traditional generators and ensuring operational continuity during grid disruptions.
Beyond direct economic benefits, BESS is also considered a “missing piece” for renewable energy, effectively addressing the intermittency of solar and wind power. These systems can help maximize solar energy utilization rates, potentially reaching up to 100%.
In Vietnam, BESS adoption is further supported by emerging policy mechanisms, including government initiatives encouraging 14 million households to install rooftop solar systems paired with battery storage, as well as new regulations requiring industrial parks and large factories to self-supply up to 30% of their electricity demand.
Despite its importance, BESS remains largely dominated by major players such as China, the United States, and the European Union. Yet, as the world queues for battery shipments from these markets, in Hung Yen, a domestically developed energy hub is already in place — poised to elevate Vietnam’s role in the global green energy landscape.
“I want to help change this game,” said Mr. Bui Xuan Binh, Chairman of GG Power. As one of the first companies in Vietnam to own an international-standard BESS manufacturing facility, GG Power carries the ambition of transforming Vietnam from a “buyer” into a “value creator” within the global green energy supply chain.
Mastering the “brain” of technology
Located in Industrial Park No. 5 in Hung Yen Province and spanning 1.2 hectares, the GG Power facility is equipped with advanced technologies that meet international standards. Late last year, the company signed a technology transfer agreement with Goldwind — one of the world’s leading providers of clean energy and wind power solutions — for the production of high-tech BESS systems.
Under the agreement, Goldwind will transfer its full BESS manufacturing technology to GG Power, while also supplying a production line with a designed capacity of 5 GWh per year. This facility will serve a wide range of applications, including industrial, commercial, residential, and grid-scale energy storage.
With an automation level exceeding 90%, the production line enables strict quality control, meeting rigorous international standards for safety, performance, and reliability, while also addressing the rapidly growing global demand for energy storage solutions.
Mr. Bui Xuan Binh, Chairman of GG Power. Photo: Courtesy of the company
According to Mr. Binh, the strategic partnership with Goldwind is designed to enable GG Power to acquire core intellectual capabilities and R&D foundations. The company’s engineering team has independently mastered system integration design and customization of the Energy Management System (EMS) — the “brain” of BESS — ensuring full compatibility with Vietnam’s power grid characteristics.
“I don’t want Vietnamese customers to have to wait for imported components,” Mr. Binh said, explaining the company’s determination to develop a closed-loop, high-quality battery manufacturing process.
He also pointed out that one of the biggest “pain points” for Vietnamese customers using imported high-tech systems is their complete dependence on foreign supply chains. When issues arise, factories may have to suspend operations for weeks while waiting for replacement components or overseas experts to resolve problems. To fundamentally address this challenge, the only solution is to master the core technology — which is precisely why GG Power chose to partner with Goldwind.
At the same time, having a local manufacturing base enables GG Power to fulfill its after-sales service commitments more effectively. While trading companies may withdraw from the market after a few years of initial expansion — leaving behind the risk of “technological waste” for customers — a domestic manufacturer like GG Power must ensure customer support throughout the entire product lifecycle, which can extend up to 15 years.
The company has also developed a rapid-response support ecosystem, capable of receiving incident reports within 30 minutes and committing to resolving issues within 24 hours — a level of service that conventional distributors typically cannot provide.
Of course, to compete on equal footing with international products, the quality of Vietnamese-made batteries must meet global standards. As Mr. Binh stated candidly, “BESS is an industry built on trust. We do not choose the path of low-cost products, but rather the path of delivering products that meet global standards.”
The production line at the factory achieves an automation level of over 90%. Photo: GG Power
Accordingly, GG Power remains committed to pursuing the world’s most stringent safety standards, including UL, IEC, and UN38.3 — benchmarks also adopted by leading global corporations such as Tesla and Samsung.
Currently, GG Power utilizes Lithium Iron Phosphate (LFP) battery technology, known for its high thermal stability, long lifespan, and cost efficiency. This is combined with a dual-layer fire protection system, ensuring that customers can “sleep soundly” even with large-scale energy storage systems installed nearby.
Choosing the long road
In recent years, as renewable energy has expanded rapidly in Vietnam, domestic demand for BESS has also grown significantly. However, most businesses have opted to act as distributors — importing batteries for resale rather than investing in production.
GG Power itself could have chosen this easier path. However, having held key positions at major corporations such as VinFast, Mr. Binh understands that as the market opens up, foreign players with strong financial resources and global distribution networks will quickly dominate market share. If Vietnamese companies focus solely on trading, their long-term survival will be increasingly challenging.
As a result, GG Power has adopted a “dual-track” strategy — starting with trading to gain market insights, then moving deeper into manufacturing through strategic partnerships with leading global technology providers. From there, Vietnamese engineers can absorb, master, and refine the technology to better suit the specific characteristics of the domestic market.
“Entering manufacturing means committing to the long road — it requires long-term patience,” Mr. Binh affirmed. From the outset, he viewed BESS not as a short-term opportunity, but as a long-term strategy for sustainable growth and competitiveness. GG Power has therefore chosen to invest in a well-structured manufacturing facility and focus on mastering core technologies to build lasting competitive advantages.
Looking beyond Vietnam, GG Power’s vision is encapsulated in its slogan, “Go Green Go Global.” Mr. Binh has set an ambitious goal: within the next 10 years, GG Power aims to become the number one battery company in Vietnam and rank among the global top 10. Beyond energy storage, the company plans to expand into the mobility sector — including batteries for electric vehicles, marine applications, and UAVs — by 2027, with the ambition of integrating into the supply chains of global automotive OEMs, rather than focusing solely on the domestic market.
Inside GG Power’s battery manufacturing plant. Photo: GG Power
More importantly, GG Power aims to contribute to addressing national challenges and supporting Vietnam’s Net Zero targets. Under the Power Development Plan VIII, the country’s BESS market is projected to reach nearly USD 10 billion by 2030. With a target of capturing 40% of the residential segment, GG Power expects to be present in millions of Vietnamese households, helping optimize rooftop solar usage and reduce pressure on the national grid.
The presence of the Hung Yen factory stands as a strong testament to the company’s long-term commitment to both the national power system and its customers over the next 10 to 20 years — serving not only residential needs but also large-scale industrial and grid-level projects. This facility represents a strategic base for GG Power to demonstrate that Vietnamese enterprises are fully capable of mastering high-tech industries with a global mindset and a structured, multi-layered testing process.
The project has officially entered commercial operation since April 2026 and is set to be inaugurated on April 11. While financial pressure and the risks of entering a complex high-tech industry remain significant, Mr. Binh approaches them with calm determination:
“If we cannot do it, someone else will build upon this foundation… What matters is that this is a field the country and society will inevitably need — it is not optional.”
Mr. Bui Xuan Binh, Chairman of GG Power.
Leading one of the first BESS manufacturing facilities in Vietnam, Mr. Binh emphasized that success is not merely reflected in financial statements, but in the pride of every employee — from security staff to engineers — when contributing to something meaningful for the nation.
“Happiness cannot be measured in monetary terms, but it can be measured in the trust and credibility others place in us when they entrust us with major challenges to solve together,” he shared. For him, GG Power is not just building energy storage systems, but also fostering a new level of confidence in “Made in Vietnam” technology on the journey toward Net Zero and national energy independence.
Source: The Leader
