# GE Vernova to build $200M HVDC manufacturing facility in Hai Phong, Vietnam

GE Vernova announced approximately $200 million investment in a new HVDC manufacturing facility in Hai Phong, Vietnam. The plant will manufacture high-power transformers for HVDC transmission projects, is expected to be fully operational by 2028, and will create more than 400 jobs.

- Type: New facility
- Announced: 2026-03-10
- Where: Hai Phong, Vietnam
- Value: $200.0M
- Jobs: 400
- Starts operating: 2028
- Status: announced
- Products: high-power transformers for HVDC transmission
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [GE Vernova](https://endata.com/companies/2947.md)

## Sources

- [gevernova.com](https://www.gevernova.com/news/press-releases/ge-vernova-powers-vietnam-energy-transition-key-regional-commitments-inaugural-energy-of-change-summit), 2026-03-10: "GE Vernova announces approximately $200 million investment in a new HVDC manufacturing facility in Hai Phong to support Asia’s fast‑growing energy demand."
- [english.vov.vn](https://english.vov.vn/en/economy/ge-vernova-to-invest-us200-mil-in-hai-phong-manufacturing-plant-post1274538.vov), 2026-03-10: "GE Vernova has announced plans to invest approximately US$200 million to build a high-voltage direct current (HVDC) transmission equipment manufacturing facility in Hai Phong, aiming to support rising energy demand across Asia."
- [en.vneconomy.vn](https://en.vneconomy.vn/ge-vernova-invests-200-million-in-a-new-facility-in-hai-phong.htm), 2026-03-10: "GE Vernova announced that it is investing approximately $200 million to expand manufacturing capacity with a new facility in Hai Phong, Vietnam."
- [thoibaotaichinhvietnam.vn](https://thoibaotaichinhvietnam.vn/ge-vernova-to-invest-200-million-in-hvdc-transformer-plant-193580.html), 2026-03-12: "GE Vernova has announced a $200 million investment to build a manufacturing plant for high-voltage direct current (HVDC) transmission equipment at Nam Dinh Vu Industrial Park in Haiphong."
- [asiapacifictelegraph.com](https://asiapacifictelegraph.com/ge-vernova-announces-usd200-million-hvdc-transformer-manufacturing-facility-in-vietnams-hai-phong/), 2026-03-16: "GE Vernova Inc. announced on March 10, 2026 a planned investment of approximately $200 million to build a large power transformer manufacturing facility at Nam Dinh Vu Industrial Park in Hai Phong, Vietnam, dedicated to producing equipment for high-voltage direct current transmission projects."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.