Want to be in the loop?
subscribe to
our notification
Business News
FOREIGN INVESTORS INCREASE ACQUISITIONS OF RENEWABLE ENERGY PROJECTS IN VIETNAM
Foreign investors from China, Thailand, and Singapore are increasingly acquiring renewable energy projects located at strategic positions from domestic enterprises.
Chinese investors are increasing their ownership in numerous renewable energy projects in Central Vietnam, the Central Highlands region, and Southwest Vietnam.
Notably, in Dak Nong province, the joint venture between Hung Bac Energy Investment JSC and The North Investment Construction and Development JSC are developing three wind farms with a total capacity of 300MW and the total investment capital of VND10.5 trillion ($456.5 million). 80 per cent of the investment capital would come from loans.
According to newswire Theleader.vn, Sungrow Power (Vietnam) Co., Ltd. holds a 70 per cent stake in the joint venture.
Sungrow Power (Vietnam) was established in September 2019 with the charter capital of VND23.4 billion ($1 million), under Sungrow Power (Singapore) Pte., Ltd. – a China-based renewable energy group.
In Binh Thuan province, Hong Phong 1 Wind Power JSC planned to develop a 40MW wind farm with the cost of VND1.7 trillion ($73.9 million). However, the construction of the project has yet to be kicked off and the board of directors proposed the province to transfer the stake in Hong Phong 1 Wind Power JSC to foreign investors.
Three months since Hong Phong 1 Wind Power JSC sent the proposal, the company now has two large foreign shareholders namely Indochina Wind Pte., Ltd. (Singapore), and Asian Wind Power 2 HK Ltd. (Hong Kong), which hold 51 and 48.9 per cent, respectively.
Asian Wind Power 2 HK Ltd. (Hong Kong) is also one of the investors Binh Thuan People’s Committee approved the investment planning for Hong Phong 2 wind farm project in July 2020.
TTC Group co-operated with Gulf Group (Thailand) to develop TTC 1 and 2 Solar Power Plants in Thanh Thanh Cong Industrial Zone, Trang Bang district, Tay Ninh province. At first, Gulf owned 49 per cent in the joint venture, however, the figure has increased to 90 per cent in September 2019.
Besides, Gulf spent $200 million to buy into two onshore wind farms (Ia Pech 1 and Ia Pech 2) in Gia Lai province from Dien Xanh Gia Lai Investment Energy JSC. The construction is expected to start this year and the two projects will come into effect in the fourth quarter of 2022.
The Thai investor also owns a 95 per cent stake at Mekong Wind Power JSC. The company operates the Mekong Project comprising of a 30MW solar farm and a 310MW offshore wind farm. The Mekong Project is located in Binh Dai district of Ben Tre province in Southern Vietnam. The first 30MW component of the project is expected to enter commercial operation in 2021. The second phase of approximately 49MW is also scheduled to begin operating in 2021, and the 231MW third phase is expected to come into operation between 2022 and 2023.
Source: VIR
Related News
MEMBER CORNER / PROMOTIONS
VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026
Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS
Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.
VIETNAM ECONOMY INVESTMENT
HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH
From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.
VIETNAM ECONOMY INVESTMENT
CHINESE INVESTMENT WAVE OPENS NEW DOORS
As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.
VIETNAM ECONOMY INVESTMENT
VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET
Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.
VIETNAM ECONOMY INVESTMENT
ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND
In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.
Events Sponsors
