China’s Trina Solar to pour additional $454 mln into solar cell plant in northern Vietnam
Trina Solar Cell (Vietnam) Co., a unit of China-based photovoltaics (PV) company Trina Solar, has received a license to build a $454-million solar cell plant in Thai Nguyen, the third of its kind in the northern province.
A Trina Solar plant in Thai Nguyen province, northern Vietnam. Photo courtesy of Thai Nguyen newspaper.
The new facility will be located on an area of 14.1 hectares in Yen Binh Industrial Park and construction is expected to start in May, heard the investment certificate granting ceremony held by the Thai Nguyen Industrial Zones Authority on Monday.
Once operational, scheduled for March 2025, the plant will churn out 11,500 tons of monocrystalline silicon bars, 555 million monocrystalline silicon wafers, and 560 million solar panels per year.
The latest move has brought Trina Solar’s investment tally in Vietnam to $932 million. The existing two projects, also located in Yen Binh Industrial Park, include a $203-million PV cell and PV module plant and a $275-million monocrystalline silicon bar and wafer plant. The two projects generated revenues of nearly $1.2 billion in 2023 and employ around 1,400 workers, 90% of whom are Vietnamese.
With the third plant coming into operation, Trina Solar is expected to book revenues of a combined $2.7-2.8 billion per year and employ a total workforce of 4,300.
The Thai Nguyen Industrial Zones Authority reckons that the three Trina Solar projects all meet high-tech criteria are environmentally friendly, and align with the province’s investment orientations.
Founded in 1997, Trina Solar Co., Ltd. is mainly engaged in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules.
It has set up regional headquarters in Zurich, U.S. Silicon Valley, Miami, Singapore, Dubai, as well as manufacturing bases in the U.S., Thailand, Vietnam, Indonesia, and UAE with operations in more than 160 countries and regions around the world.
- Related News
- Read More
Novaland posts Q1 profit of $33 mln, shares hit three-year high
Novaland (HoSE: NVL) reported a strong turnaround in the first quarter of 2026, swinging to a net profit of VND860 billion ($32.63 million) from a loss a year earlier, as revenue doubled on increased property handovers.
Companies - Fri, May 1, 2026 | 3:09 pm GMT+7
Vinaconex, Vietjet have new CEOs
Vietnamese construction heavyweight Vinaconex on Wednesday appointed deputy CEO Pham Thai Duong as CEO and legal representative, replacing Nguyen Xuan Dong.
Companies - Fri, May 1, 2026 | 2:41 pm GMT+7
Japanese retailer Aeon Mall to build another shopping center in northern Vietnam
Japan’s Aeon Mall is set to invest nearly $150 million in a shopping mall project in the northern province of Bac Ninh, marking a further push into Vietnam’s fast-growing industrial localities.
Industries - Fri, May 1, 2026 | 10:59 am GMT+7
Hyosung Vina raises $7.6 mln in unsecured bond sale
Hyosung Vina Chemicals, the Vietnam arm of South Korean chaebol Hyosung, has completed a VND200 billion ($7.59 million) domestic bond issuance, according to disclosures on the Hanoi Stock Exchange.
Companies - Fri, May 1, 2026 | 10:16 am GMT+7
Vietnam central bank to add new metrics to oversee banking activity
The State Bank of Vietnam is proposing a set of new prudential metrics to strengthen oversight of banking operations, replacing the traditional loan-to-deposit ratio (LDR) with a broader framework aligned with Basel III standards.
Banking - Fri, May 1, 2026 | 8:00 am GMT+7
From national reunification to aspiration for an integrated development space
In 1975, Vietnam united the country through determination and a shared aspiration for independence. Today, in a very different context, the country faces a new challenge: unifying its market through institutional reform, writes Dr. Nguyen Sy Dung, former deputy head of the Office of the National Assembly - the country's legislature.
Economy - Thu, April 30, 2026 | 10:27 pm GMT+7
Vietjet seeks deeper engagement in Vietnam's aviation infrastructure development
Vietjet, Vietnam’s first private airline, has proposed earlier and broader participation in Vietnam’s airport planning and infrastructure development, as the budget carrier looks to expand its role beyond flight operations into ground services and logistics.
Companies - Thu, April 30, 2026 | 9:42 pm GMT+7
Vietnamese giants kick off 4 mega projects in HCMC
The Ho Chi Minh City People’s Committee on Wednesday held a groundbreaking ceremony for four large-scale projects invested by Vietnamese conglomerates including Vingroup, Sun Group and Truong Hai Group (Thaco).
Economy - Thu, April 30, 2026 | 8:01 pm GMT+7
Vingroup starts work on $2.2 bln int'l university township in southern Vietnam
Vietnam’s conglomerate Vingroup (HoSE: VIC) on Wednesday broke ground on a VND59 trillion ($2.24 billion) international university township in Ho Chi Minh City.
Real Estate - Thu, April 30, 2026 | 12:38 pm GMT+7
Chinese firm Livzon secures control of Vietnam’s pharma giant Imexpharm in $228 mln deal
Lian SGP Holding Pte. Ltd., a Singapore-based entity wholly owned by China’s Livzon Pharmaceutical Group Inc., has acquired a controlling stake in Vietnam’s pharma giant Imexpharm (HoSE: IMP) following a public tender offer.
Companies - Thu, April 30, 2026 | 12:22 pm GMT+7
Sun Group partners with Keppel to drive green transition across tourist places
Vietnam’s leading real estate developer Sun Group has signed a strategic partnership with Keppel EaaS Vietnam, part of Singapore’s Keppel Ltd., to accelerate energy optimization and decarbonization across its tourism destinations.
Real Estate - Thu, April 30, 2026 | 10:42 am GMT+7
'Shark Hung' unexpectedly resigns from real estate brokerage Cen Land ahead of AGM
Pham Thanh Hung, widely known as “Shark Hung”, has stepped down from the board of directors at Century Real Estate JSC (Cen Land) - a major Vietnamese real estate brokerage, citing "personal plans".
Companies - Thu, April 30, 2026 | 10:32 am GMT+7
Japanese FDI in Vietnam: From manufacturing hub to strategic capital flows
Japanese investment in Vietnam is shifting away from a factory-led model toward a long-term ecosystem spanning manufacturing, energy, industrial parks, retail, and banking-financial services.
Economy - Thu, April 30, 2026 | 7:11 am GMT+7
Keppel files arbitration against partners in $1.2 bln southern Vietnam project
Singapore conglomerate Keppel Ltd. has initiated arbitration proceedings against three partners in a $1.2 billion residential and mixed-use urban project in Vietnam’s southern metropolis hub of Ho Chi Minh City.
Real Estate - Wed, April 29, 2026 | 9:54 pm GMT+7
Vietnam to secure 4 mln oil barrels from Japan's Idemitsu
Japanese petroleum giant Idemitsu Kosan will provide Vietnam with about four million barrels of crude oil procured through routes that do not transit the Strait of Hormuz, Nikkei reported on Monday.
Industries - Wed, April 29, 2026 | 4:04 pm GMT+7
Central Vietnam hub Danang approves land lease for $200 mln AI-ready data center project
The Danang People's Committee has approved a land lease to MCB Decenter Co. Ltd. for the AIDC Decenter data center project, covering 10,000 square meters at the Danang Hi-Tech Park in Lien Chieu ward.
Companies - Wed, April 29, 2026 | 3:45 pm GMT+7
