Boviet Solar begins factory construction without paperwork, fined $18,000

By Tri Duc
Thu, July 11, 2024 | 1:41 pm GMT+7

Boviet Hai Duong Solar Technology Co. Ltd., has been fined VND450 million ($17,700) for beginning work on a solar panel factory without an approved environmental impact report.

The company is a subsidiary of Boviet Solar Technology, which is backed by China-headquartered new energy business Boway.

According to a July 4 decision issued by Vietnam's Ministry of Natural Resources and Environment, the company was found to have completed 80% of the 5.9-hectare production line No.1, 50% of a 1,814-square meter chemicals warehouse and other tasks related to the solar panel factory in northern province of Hai Duong.

Boviet Solar Technology factory in Bac Giang province, northern Vietnam. Photo courtesy of the firm.

Boviet Solar Technology factory in Bac Giang province, northern Vietnam. Photo courtesy of the firm.

In addition to the fine, the firm has been prohibited from project construction activities for nine months.

This is not the first fine that Boway-backed companies in Vietnam have had to pay.

In January 2015, February 2018 and July 2023, Boviet Solar Technology Co. Ltd, was fined VND290 million ($11,407), VND440 million, and VND1.89 billion, respectively, for several environmental violations.

These included transferring waste to other companies without sufficient waste treatment capacities and disposing wastewaster not meeting environmental requirements.

In August 2023, Boway signed an agreement to lease 20 hectares of land in Hai Duong province’s Cong Hoa Industrial Park for a $350 million project – a factory manufacturing photovoltaic panels, solar energy conversion modules, high-tech alloy strip plates and other items.

In November 2023, Boviet Solar Technology Co., Ltd., based in the neighboring province of Bac Giang, received approval for a $120 million 20-hectare project at the Cong Hoa Industrial Park in Hai Duong province. Employing around 1,000 people, the project was to manufacture solar cells and solar energy conversion modules totaling 3 GW a year, all for export.

According to the approval granted then, the factory was to become operational within 18 months of receiving the investment certificates and run until April 2058.

In April 2024, Boviet Solar Technology Co. Ltd. said it would invest $294 million in a photovoltaics factory in Pitt County, North Carolina, the United States. The facility is expected to have an output of 2 GW of solar panels and 2 GW of PV cells annually.

Boviet Solar said that the project, featuring two phases, will be its first manufacturing facility in America and the second globally, following its successful track record of photovoltaics cell and module production in Vietnam.

Comments (0)
  • Read More
Petrovietnam urges General Electric to help speed up Vietnam’s first LNG-to-power plants

Petrovietnam urges General Electric to help speed up Vietnam’s first LNG-to-power plants

Petrovietnam has urged American conglomerate General Electric (GE) to help expedite the progress of key projects, including the complex featuring Nhon Trach 3 and Nhon Trach 4 – Vietnam’s first LNG-to-power plants.

Energy - Sat, September 28, 2024 | 3:59 pm GMT+7

8-fold capital base hike to make Techombank Securities top broker in Vietnam

8-fold capital base hike to make Techombank Securities top broker in Vietnam

Hanoi-based Techcombank Securities JSC (TCBS) is seeking approval from shareholders on resuming a plan to boost its charter capital by 8-fold to VND19,613 billion ($797 million).

Finance - Sat, September 28, 2024 | 3:30 pm GMT+7

Central Vietnam province plans additional $122 mln runway for Phu Cat airport

Central Vietnam province plans additional $122 mln runway for Phu Cat airport

A second runway along with connecting taxiways and other necessary infrastructure is urgently needed for Binh Dinh province’s Phu Cat airport, Chairman Pham Anh Tuan said on Friday.

Infrastructure - Sat, September 28, 2024 | 2:58 pm GMT+7

Victoria’s Secret supplier increases northern Vietnam province investment to $130 mln

Victoria’s Secret supplier increases northern Vietnam province investment to $130 mln

Hong Kong-invested Regina Miracle International (Vietnam), an intimate wear supplier of global brands such as Victoria’s Secret, Nike and Adidas, will increase its investment in Hung Yen province to $130 million.

Industries - Sat, September 28, 2024 | 12:23 pm GMT+7

IMF raises Vietnam’s 2024 GDP growth projection to 6.1%

IMF raises Vietnam’s 2024 GDP growth projection to 6.1%

Vietnam’s economic growth is projected to recover to 6.1% in 2024, the International Monetary Fund (IMF) says in its latest note, up from 5.8% forecast in April.

Economy - Sat, September 28, 2024 | 11:12 am GMT+7

New anti-diabetes rice variety unveiled

New anti-diabetes rice variety unveiled

Scientists at the Philippines’ International Rice Research Institute (IRRI) have created a new variety of rice that can reduce the growing burden of diabetes.

Southeast Asia - Sat, September 28, 2024 | 10:21 am GMT+7

Indonesia's tourism now ranked 22nd worldwide

Indonesia's tourism now ranked 22nd worldwide

Indonesia's tourism industry has thrived over the past decade, surpassing nations like Belgium, Turkey, and New Zealand.

Southeast Asia - Sat, September 28, 2024 | 10:18 am GMT+7

Thai rice export prices dip to 14-month low

Thai rice export prices dip to 14-month low

Thai rice export prices fell to a 14-month low this week due to pressure from weak demand and competition from other rice exporting countries, while Indian price rose slightly on a stronger rupee, despite sluggish demand from Asia and African buyers.

Southeast Asia - Sat, September 28, 2024 | 7:40 am GMT+7

Malaysia launches circular economy policy to drive green growth

Malaysia launches circular economy policy to drive green growth

Malaysia has unveiled a new Circular Economy Policy Framework to transform its industrial landscape and support sustainable development.

Southeast Asia - Sat, September 28, 2024 | 7:38 am GMT+7

Indonesia to build new special economic zones to boost investment

Indonesia to build new special economic zones to boost investment

Indonesia will establish six new special economic zones and expand an existing one to boost investment.

Southeast Asia - Sat, September 28, 2024 | 7:37 am GMT+7

Hanoi developer takes over delayed mega project in downtown HCMC

Hanoi developer takes over delayed mega project in downtown HCMC

Vietnamese property major Bitexco Group has transferred its entire stake in Saigon Glory Co., Ltd, developer of a six-star complex project in Ho Chi Minh City’s Ben Thanh quadrilateral, to Eastern Hanoi Real Estate Co., Ltd.

Real Estate - Sat, September 28, 2024 | 7:23 am GMT+7

Thailand detains passenger over bomb threat at Bangkok airport

Thailand detains passenger over bomb threat at Bangkok airport

A Polish woman was detained at Suvarnabhumi international airport in Thailand on Thursday after she allegedly made a bomb threat during a Thai Vietjet flight from Vietnam’s Da Nang city, bound for Bangkok, according to local media.

Southeast Asia - Fri, September 27, 2024 | 9:15 pm GMT+7

Malaysian retail chains say no to single-use plastic bags

Malaysian retail chains say no to single-use plastic bags

Some 16 retail chains across Malaysia have pledged to no longer provide single-use plastic bags to customers from October 1, said Minister of Housing and Local Government Nga Kor Ming.

Southeast Asia - Fri, September 27, 2024 | 8:12 pm GMT+7

Vietnam launches fresh probe into jailed Chinese criminal for wind power fraud

Vietnam launches fresh probe into jailed Chinese criminal for wind power fraud

Police in the northern province of Phu Tho have begun investigating a suspected wind power fraud committed by WeiXing, a Chinese national already in jail for another crime.

Society - Fri, September 27, 2024 | 7:37 pm GMT+7

Taxing second properties not sufficient to curb speculation: Vietnam deputy finance minister

Taxing second properties not sufficient to curb speculation: Vietnam deputy finance minister

Taxing second properties and beyond is a practical measure that can curb speculation and cool housing prices, but it would not be sufficient on its own, says Deputy Finance Minister Nguyen Duc Chi.

Real Estate - Fri, September 27, 2024 | 7:05 pm GMT+7

VIS Rating chairman to take over as new head honcho of LPBank Securities

VIS Rating chairman to take over as new head honcho of LPBank Securities

Pham Phu Khoi, currently chairman of Vietnam Investment Credit Rating JSC (VIS Rating), was elected chairman of LPBank Securities (LPBS) at an extraordinary general meeting of shareholders (EGM) on Thursday.

Companies - Fri, September 27, 2024 | 5:40 pm GMT+7