Japan's Vsun Solar inaugurates phase 1 of $200 mln solar cell factory in Vietnam
Toyo Solar, a subsidiary of Japan-headquartered Vsun Solar, has inaugurated the first phase of its $200 million solar cell factory in Phu Tho province, northern Vietnam.
In an announcement last week, the firm said the first phase with an annual capacity of 4 GW can achieve a cell conversion efficiency of 24.3% for TOPCon cells, while the rate will reach 95.4% for A-grade cells. The 4-GW second phase is set to finish in 2024.
Participants at Toyo Solar's factory inaugural ceremony in Phu Tho province, northern Vietnam. Photo courtesy of Vsun Solar.
Toyo Solar will continue to deepen its presence in the photovoltaic industry, advance in the journey of harnessing solar energy, drive innovation to provide high-quality products and services to the market, and further enhance communication and cooperation with various sectors to share development opportunities, the firm emphasized.
Phu Tho Vice Chairman Nguyen Thanh Hai said at the event: "Phu Tho province will continue to support the projects of Toyo Solar, aiming to create a development platform for mutual benefit and win-win cooperation."
Phu Tho province awarded an investment certificate to the project in November 2022. The 13-hectare project at Cam Khe industrial park is set to employ 700 people and use eco-friendly technology.
- Related News
- Read More
Italy’s Flying Legend to introduce made-in-Vietnam aircraft
Flying Legend, an Italian manufacturer of replica aircraft, will introduce its made-in-Vietnam aircraft at the Vietnam Defense Expo 2024 from December 19-22 in Hanoi.
Companies - Tue, December 17, 2024 | 1:01 pm GMT+7
Vietnam real estate 2024: a year in review
As positive signals become more evident, now is the time to restart capital flows into real estate transactions in Vietnam and embrace the new growth cycle, write Avison Young Vietnam analysts.
Consulting - Tue, December 17, 2024 | 12:48 pm GMT+7
Vietnam’s GDP growth outpaces regional peers, 6.5% in 2025: Oxford Economics
Vietnam’s GDP growth can reach 6.5% in 2025, continuing to outperform regional peers in the ASEAN-6 group, Oxford Economics said in a Monday report.
Economy - Tue, December 17, 2024 | 10:35 am GMT+7
PYN Elite becomes major shareholder in Vietnam's Mercedes-Benz distributor Haxaco
Finland-based PYN Elite Fund has increased its ownership in Haxaco, a distributor of Mercedes-Benz, to 6.1 million units, or a 5.7% stake, becoming a major shareholder.
Companies - Tue, December 17, 2024 | 8:17 am GMT+7
Malaysia accelerates transition towards high-income country status
The Malaysian government needs to focus on innovation during its drafting of the 13th Malaysia Plan (13 MP) for 2026-2030 in an effort to achieve its high-income country goal.
Southeast Asia - Mon, December 16, 2024 | 10:30 pm GMT+7
Malaysia welcomes ex-Thai PM Thaksin to be its informal adviser on ASEAN
Malaysian Prime Minister Anwar Ibrahim has appointed former Thai PM Thaksin Shinawatra as an informal adviser to assist with the country’s ASEAN chairmanship in 2025.
Southeast Asia - Mon, December 16, 2024 | 10:28 pm GMT+7
Footwear giant Taekwang to spend $19.7 mln on Lunar New Year bonus in Vietnam
South Korean-invested Taekwang Vina JSC, a supplier of Nike in the southern province of Dong Nai, will spend over VND500 billion ($19.7 million) on Lunar New Year (Tet) bonus for its nearly 36,000 employees.
Companies - Mon, December 16, 2024 | 9:56 pm GMT+7
Hong Kong's Sunwah Group eyes investment in southern Vietnam
Multi-sector group Sunwah is keen on surveying several Binh Duong-based industrial parks and foreign-invested enterprises in the areas of high-tech industries, health care, education, and real estate to explore investment opportunities.
Industries - Mon, December 16, 2024 | 8:25 pm GMT+7
Taiwan’s Wistron aims to run $24.5 mln Vietnam plant next month
Taiwan-headquartered Wistron, a top electronics provider and a supplier to Apple, plans to officially start operating its $24.5 million investment in the northern province of Ha Nam next month.
Industries - Mon, December 16, 2024 | 4:41 pm GMT+7
Hanoi plans $420 mln horse racecourse
The Hanoi People's Committee has approved a detailed plan for the Soc Son Urban Area (Zone III), featuring parks, schools, hospitals, high-quality housing, and a $420 million horse racecourse.
Real Estate - Mon, December 16, 2024 | 4:35 pm GMT+7
Vietnam’s cement giant Vicem logs over $55 mln loss in 2024
Vietnam National Cement Corporation (Vicem) has suffered losses for the second consecutive year, with an estimated consolidated figure of VND1.4 trillion ($55.15 million) for 2024, according to a draft annual report by the Ministry of Construction.
Companies - Mon, December 16, 2024 | 4:18 pm GMT+7
Leading broker VPS launches new brand identity
VPS Securities JSC (VPS), a leading broker in Vietnam, officially unveiled its new brand identity on Monday.
Companies - Mon, December 16, 2024 | 3:12 pm GMT+7
VSIP Can Tho in southern Vietnam completes 96% of site clearance, 100 hectares leased
Vinh Thanh Industrial Park (IP), also known as VSIP Can Tho, in Vietnam’s Mekong Delta city of Can Tho, has completed 95.98% of the site clearance.
Industrial real estate - Mon, December 16, 2024 | 12:32 pm GMT+7
Masan Consumer promotes Vietnamese cuisine to international friends
Masan Consumer, the consumer goods arm of Masan Group, recently showcased its products at the 2024 International Food Festival in Hanoi, helping promote the unique cuisine of Vietnam to visitors from across the globe.
Companies - Mon, December 16, 2024 | 11:08 am GMT+7
Dairy giant Vinamilk to spend over $41 mln on interim dividend payment
Vinamilk, the largest dairy firm in Vietnam, plans to spend VND1.045 trillion ($41.3 million) to pay interim cash dividends to shareholders for the second phase of 2024 at a rate of 5%, according to the company.
Companies - Mon, December 16, 2024 | 10:43 am GMT+7
Universal Scientific Industrial to expand Vietnam investment to $290 mln
Mainland China-based Universal Scientific Industrial (USI), an electronics supplier under Taiwan-based ASE Technology Holding, will increase its investment in Vietnam to $290 million.
Industries - Mon, December 16, 2024 | 10:33 am GMT+7
