Jinko Solar inaugurates $710 mln investment in northern Vietnam
China-headquartered Jinko Solar put its VND17.4 trillion ($709.1 million) factory in Quang Ninh province into operation on Sunday.
The 31.3-hectare facility is one of the few projects in Quang Ninh to have completed procedures and received an investment certificate within only 24 hours after submission of documents.
The factory, located in Song Khoai Industrial Park, is set to generate revenue of VND100 trillion ($4.07 billion) per year and employ 4,500 people. Once preferential policies expire, the project will contribute VND1.4 trillion ($57.1 million) to the state budget annually.
At the company's inauguration ceremony on Sunday, Quang Ninh authorities also granted an investment certificate to another project invested by Jinko Solar, a $1.5 billion solar cell complex.
Hoang Trung Kien (front, right), head of Quang Ninh Economic Zone Authority, grants an investment certificate to Jinko Solar, in Quang Ninh province, northern Vietnam, October 22, 2023. Photo courtesy of Quang Ninh's news portal.
At the event, Bui Van Khang, Vice Chairman of Quang Ninh province, asked relevant agencies and the industrial park, invested by Thailand’s Amata, to cooperate with Jinko Solar to provide infrastructure for the investment and attached projects.
Khang also emphasized that Jinko Solar’s investment highlighted the province’s efforts to help investors, improve the investment environment, and transition its economy to more manufacturing activities.
Speaking at the event, Chen Kangping, CEO of Jinko Solar, appreciated Quang Ninh authorities’ support for the project. Quang Ninh facilities now account for 50% of the firm’s overseas output, the executive added.
- Related News
- Read More
Cutting logistics costs to global average could save $45 bln a year for Vietnam: PM
Prime Minister Pham Minh Chinh said Vietnam could save $45 billion annually if it lowers logistics costs by around 16% to match the global average.
Economy - Sat, November 29, 2025 | 6:48 pm GMT+7
Coca-Cola Beverages Vietnam loses lawsuit against local tax authority
The Ho Chi Minh City People's Court on Thursday dismissed a lawsuit filed by Coca-Cola Beverages Vietnam against the Ministry of Finance's Department of Taxation, thereby upholding the department's decision to collect back taxes and impose a fine of over VND821 billion ($31.14 million) in total.
Finance - Sat, November 29, 2025 | 2:27 pm GMT+7
Honda Vietnam rejects information Honda Mobilityland plans 600-ha tourism, entertainment, sports complex in southern Vietnam
Honda Vietnam on Friday rejected the information that Honda Mobilityland Corporation, a subsidiary of Japan’s Honda Motor Co., plans to build an international circuit in Tay Ninh province, towards developing a 600-hectare tourism, entertainment, and sports complex there.
Industries - Sat, November 29, 2025 | 10:23 am GMT+7
Vietnam's largest tungsten mine has updated planning okayed
Vietnam’s Nui Phao mine, one of the world’s largest tungsten deposits outside China, has had its updated planning approved under a decision signed by Deputy Prime Minister Tran Hong Ha.
Economy - Sat, November 29, 2025 | 9:34 am GMT+7
Foreign-backed Arque Degi to build $322 mln floating tourism-urban projects in central Vietnam
Authorities in Gia Lai province have granted an investment certificate to Arque Degi JSC to develop three floating tourism-urban projects worth a combined VND8.5 trillion ($322.42 million) in the De Gi lagoon area.
Real Estate - Sat, November 29, 2025 | 8:00 am GMT+7
Indonesia eyes trilateral data-center tie-up with Singapore, Malaysia
Indonesia is in talks with Singapore and Malaysia to develop a cross-border data-center network linked to its Green Super Grid.
Southeast Asia - Fri, November 28, 2025 | 9:57 pm GMT+7
Malaysia’s export growth expected to slow in 2026
Despite Malaysia’s trade growth in October 2025 surpassing expectations, with both exports and imports reaching record levels, economists warned that the country’s export expansion may slow in 2026.
Southeast Asia - Fri, November 28, 2025 | 9:53 pm GMT+7
Singapore promotes methanol use for bunkering
The Maritime and Port Authority of Singapore (MPA) will issue licences to supply methanol as marine fuel in the Port of Singapore from January 1, 2026, following the Call for Applications launched in March 2025.
Southeast Asia - Fri, November 28, 2025 | 9:46 pm GMT+7
Vietnam's tour operator Vietravel announces full exit from Vietravel Airlines
Vietravel, one of Vietnam’s largest tour operators, will divest its entire stake in Vietravel Airlines by year-end, drawing a close to its turbulent venture into aviation during five years.
Travel - Fri, November 28, 2025 | 9:22 pm GMT+7
VinSpeed, Thaco vie for investment role in North-South high-speed railway
Several major Vietnamese companies, including Vingroup subsidiary VinSpeed and automaker Thaco, are vying for a role in Vietnam’s gigantic North-South high-speed railway project.
Infrastructure - Fri, November 28, 2025 | 5:14 pm GMT+7
Finnish fund PYN Elite raises VN-Index forecast to 3,200 points
PYN Elite (Finland), one of the largest foreign funds in the Vietnamese stock market, has revised up its forecast for the benchmark VN-Index to 3,200 points, much higher than the 1,690.99 recorded on Friday.
Finance - Fri, November 28, 2025 | 4:49 pm GMT+7
Mind the gap
Without stronger digital and physical networks, global productivity will falter at precisely the moment the world needs new engines of growth, writes Benjamin Hung, president, International, Standard Chartered.
Consulting - Fri, November 28, 2025 | 3:49 pm GMT+7
Alliance claiming $100 bln investment for trans-Vietnam high-speed railway 'uncontactable'
An alliance between Mekolor, a relatively unknown Vietnamese company, and American entity Great USA, which claimed it could mobilize $100 billion for the North-South high-speed railway project, could not be contacted, said standing Deputy Prime Minister Nguyen Hoa Binh.
Infrastructure - Fri, November 28, 2025 | 3:19 pm GMT+7
Mitsui eyes new opportunites in Vietnam's energy sector, projects related to carbon emission reduction
Mitsui & Co., Ltd. plans to expand its investment in Vietnam in the energy sector and projects related to carbon emission reduction, president and CEO Kenichi Hori told Prime Minister Pham Minh Chinh at a Thursday meeting in Hanoi.
Industries - Fri, November 28, 2025 | 2:39 pm GMT+7
Russian heavyweight Zarubezhneft seeks to build energy center in Vietnam
Zarubezhneft, a wholly state-owned oil & gas group of Russia, wants to develop an energy center in Vietnam, as it seeks to expand into other fields including energy and minerals.
Energy - Fri, November 28, 2025 | 1:08 pm GMT+7
Carlsberg Vietnam accelerates its path toward net-zero emission in production by 2028 with stronger renewable-energy commitments
As Vietnam advances toward its 2050 net-zero vision, businesses are expected to play a decisive role in enabling the country’s green transition. At the Green Economy Forum 2025, Carlsberg Vietnam shared how a long-standing FDI enterprise is reshaping its operations and energy strategy to align with Vietnam’s sustainability goals.
Companies - Fri, November 28, 2025 | 11:52 am GMT+7
