Sembcorp eyes floating solar farm expansion in Vietnam
Asian energy and urban development major Sembcorp Industries is looking for more opportunities to build floating solar systems in Vietnam, which seeks carbon neutrality by 2050.
The move follows several partnerships the Singapore-based multinational inked in February this year to develop a range of energy and urban solutions that will support Vietnam’s transition to cleaner energy and sustainable development.
Hong Howe Yong, head of the Centre of Excellence, Sembcorp Industries, on Wednesday paid a working visit to the Ka Nak hydropower plant in the Central Highland province of Gia Lai to gauge possibilities to build a floating solar farm here.
An aerial view of Sembcorp Tengeh floating solar farm, Singapore's first large-scale floating solar photovoltaic (PV) system. Photo courtesy of Sembcorp Industries.
Executives of Vietnam Electricity’s Power Generation 2 JSC (EVNGENCO2), which operates Ka Nak, discussed the possibilities with Yong and his delegation.
Sembcorp and EVNGENCO2 signed a memorandum of understanding (MoU) last July to embark on a partnership in renewable energy development in Vietnam.
As part of the Singaporean group’s strategy to transform its portfolio from brown to green, Sembcorp is scaling up its investment in renewables across Vietnam.
Early this year, Sembcorp signed an MoU with Vietnamese firm KN Energy Group to develop renewable energy projects in the country. Under this collaboration, they are developing a 500 megawatt-peak floating solar farm, also in Gia Lai province.
Last December, Sembcorp signed a collaborative agreement with BCG Energy of Vietnamese conglomerate Bamboo Capital Group to jointly identify and develop a pipeline of up to 1.5 gigawatts of wind and solar projects in Vietnam.
- Related News
- Read More
Thailand’s TCC Group eyes logistics, recycling in Vietnam
Party chief and President To Lam said he welcomed major Thai corporations, including TCC Group, to expand operations in Vietnam.
Industries - Thu, May 28, 2026 | 3:21 pm GMT+7
Deposit rates remain elevated: Where can savers get best returns?
Bank deposits are regaining appeal as an investment channel as deposit rates at some Vietnamese commercial banks have climbed to as high as 8-10% per year.
Banking - Thu, May 28, 2026 | 11:43 am GMT+7
F88 named among Vietnam’s top 3 workplaces in 2026: A people-first strategy in focus
F88 has been named among the Top 3 Best Workplaces in Vietnam 2026 in the large enterprise category, an accolade that reflects the company’s long-term focus on employee development and workplace culture built on trust, support and career growth.
Companies - Thu, May 28, 2026 | 10:54 am GMT+7
Taiwanese FDI into Vietnam: The shift of the value chain
Taiwanese investment in Vietnam is shifting from low-cost assembly toward higher-value sectors such as semiconductors, AI servers, networking equipment, and industrial robotics, positioning the country as a deeper link in the global technology supply chain.
Industries - Thu, May 28, 2026 | 8:47 am GMT+7
Why Vietnam chose a single nationwide textbook series for schools
Vietnam will adopt a single nationwide textbook series, “Ket noi tri thuc voi cuoc song” (Connecting knowledge with life), starting from the 2026-2027 academic year, as part of a broader education reform strategy aimed at standardizing teaching materials and eventually providing free textbooks to all students by 2030.
Companies - Wed, May 27, 2026 | 9:35 pm GMT+7
EVNGENCO3 completes 31% of 2026 power output target in first 4 months
EVNGENCO3 reported electricity output of 9.77 billion kilowatt-hours in the first four months of 2026, up 2.06% from a year earlier and equivalent to 30.67% of its full-year target, according to an investor report released by the company.
Companies - Wed, May 27, 2026 | 9:05 pm GMT+7
Former Vietnamese health minister sentenced to 6 years in prison over hospital project losses
Nguyen Thi Kim Tien, former Minister of Health, was sentenced to six years in prison on Tuesday and ordered to pay compensation of VND108 billion ($4 million) in a major corruption and wastefulness case linked to two large-scale hospital projects.
Society - Wed, May 27, 2026 | 5:51 pm GMT+7
Novatek explores LNG-to-power opportunities in Vietnam
Russian energy giant Novatek is seeking opportunities to engage in Vietnam’s LNG-to-power sector in line with the Southeast Asian country’s development strategy.
Energy - Wed, May 27, 2026 | 5:26 pm GMT+7
Petrovietnam opens bidding for offshore block in Cuu Long basin
State-owned Petrovietnam has launched bidding for Block 17 in the offshore Cuu Long basin as Vietnam accelerates efforts to secure new oil and gas resources amid declining output from aging fields.
Energy - Wed, May 27, 2026 | 4:19 pm GMT+7
How Thai capital deepens its roots in Vietnam’s economy
Leading Thai corporations are rapidly strengthening their footprint in Vietnam through large-scale investments in manufacturing, retail, energy, logistics, finance, and industrial real estate.
Investing - Wed, May 27, 2026 | 3:58 pm GMT+7
Building high-performing organizations through trust, empowerment and people-first leadership
As businesses navigate increasingly complex market conditions, the conversation around high performance is also evolving. Beyond speed and execution, organizations today are under growing pressure to remain agile, resilient, and people-centered at the same time.
Companies - Wed, May 27, 2026 | 3:38 pm GMT+7
Vietnam stocks to offer opportunities across sectors in H2
Vietnam’s stock market is expected to retain growth potential in the second half of 2026 despite mounting pressures from inflation, geopolitical tensions and increasingly cautious capital flows, according to market analysts.
Finance - Wed, May 27, 2026 | 3:12 pm GMT+7
Trung Nam Renewable Energy raises $73 mln in private bond issuance
Trung Nam Renewable Energy Corporation has successfully raised VND1.93 trillion ($73.28 million) through a private bond issuance with a four-year tenor and annual interest rate of 10.7%.
Companies - Wed, May 27, 2026 | 2:32 pm GMT+7
Vinhomes gold-for-property scheme sparks debate over liquidity boost and financial risks
A new program allowing homebuyers to exchange gold for real estate is drawing attention in Vietnam as developers seek to channel idle household gold holdings into the property market through a structure tied to gold valuation and guaranteed returns.
Real Estate - Wed, May 27, 2026 | 9:03 am GMT+7
PVFCCo expands agricultural cooperation in Laos
As Vietnam and Laos continue to strengthen bilateral ties, agricultural cooperation between the two countries is expanding, with Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo or Phu My) seeking to reinforce the position of Vietnamese fertilizer products in supporting Lao farmers to improve productivity and develop modern agriculture.
Companies - Tue, May 26, 2026 | 9:37 pm GMT+7
PV Gas posts record revenue equal to 1.1% of Vietnam’s GDP
At its 2026 annual general meeting of shareholders last Friday, PV Gas, a key subsidiary of stated-owned Petrovietnam, received strong shareholder backing after reporting record growth in 2025 despite heightened volatility in global energy markets.
Companies - Tue, May 26, 2026 | 8:35 pm GMT+7
