Bonds worth $120 mln fuel T&T Group energy projects

Renewable energy is a key investment of T&T Group. Photo courtesy of the group
T&T Group, a private multi-sector corporation, successfully raised nearly VND2.74 trillion ($120 million) via bond issuances for its wind power projects in the first months of the year.
Its subsidiary Yang Trung Wind Power JSC on Monday reported on its $24 million proceeds from bond issuances during December 22, 2021 - March 18, 2022.
On the same day, another member unit, Hoa Dong 2 Wind Power Co. Ltd, successfully raised $59.8 million from bonds during December 24, 2021 - March 18, 2022.
In the same period with Hoa Dong 2’s issuance, Cho Long Wind Power JSC and Phuoc Huu - Duyen Hai 1 Ltd. issued bonds worth $22.8 million and $13.1 million, respectively.
T&T Group, with tycoon Do Quang Hien being chairman and CEO, is known as a major player in Vietnam’s renewable energy field in recent years.
It has developed and operated several wind power plants in the south central coast of Vietnam, including Yang Trung, Cho Long, Hoa Dong 2, and Phuoc Huu-Duyen Hai 1.
The group is also heavily investing in other renewable energies such as solar and LNG power.
The group currently owns four solar power plants on national grid connections, with a total capacity of 245 MW, including the 45MW Phuoc Ninh project, the 100MW Thien Tan 1.2 project, the 50MW Thien Tan 1.3 project, and the 50MW Hong Liem 3 project.
T&T has shown its interest in a $6 billion LNG-fueld power project called Cai Mep Ha in Ba Ria - Vung Tau province, southern Vietnam. Its partner is the US’s Gen X Energy. As planned, the project will be implemented in three phases, set to be completed in 2023, 2026, 2030 respectively.
The corporation also proposed to develop the Son My 3 and Son My 4 LNG power plants in Binh Thuan province, with a combined capacity of 3 GW. The figure for each of its three phases is 1.5 GW.
In the central province of Ha Tinh, T&T wants to cooperate with PV Power to develop a $3.5 billion LNG project in Vung Ang Economic Zone.
Together with Korea Gas Corporation (KOGAS), South Power (KOSPO) and Hanwha Energy (HEC), the Vietnamese group is participating in the Hai Lang LNG power complex phase 1 in Southeast Quang Tri Economic Zone, the central province of Quang Tri. The $2.3 billion project is expected to start commercial operation in the period 2026-2027, producing 1,500 MW in phase 1.
T&T Group and Phongsubthavy Group on March 22 signed an MoU to develop renewable energy projects in Laos, with a total capacity of 2,500 MW. The projects aim to export power to Vietnam.
T&T wants to develop 12,000-15,000 MW in total by 2030, accounting for about 10% of Vietnam’s total installed power capacity.
Its main business lines are finance and investment, real estate, industry and trade, energy, agriculture, forestry and fisheries, transportation infrastructure, health, education, and sports.
- Read More
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7
Vietnam seeks 8.3-8.5% economic expansion for 2025
The Government has requested the State Bank of Vietnam to proactively adjust the credit growth aim for this year in line with a GDP expansion target of 8.3-8.5%.
Economy - Wed, August 6, 2025 | 10:41 pm GMT+7
Japanese investment in Vietnam shifts toward service, trade, and technology: bank exec
Japanese investment in Vietnam is seeing a notable shift, with sharp increases in the services, trade, and technology sectors, while investment in manufacturing has slowed, said Abe Ryota, a senior economist at Sumitomo Mitsui Banking Corporation (SMBC).
Economy - Wed, August 6, 2025 | 4:06 pm GMT+7