Singapore, China firms seek stakes in central Vietnam solar, wind power projects
Quang Tri is collecting feedback on proposals by several firms from Singapore, Taiwan and mainland China for buying solar and wind power projects in the central province.
Taiwan’s Shinfox Energy Co. Ltd. and Singapore’s Camellia Energy Pte. Ltd. are looking to spend VND122.5 billion ($5.02 million) each on acquiring a 35% stake, or 70% in total, in Gio Thanh Energy JSC, investor of the 50 MWp Gio Thanh 1 solar power plant.
They are also looking to spend similar sums on acquiring similar stakes in SECO JSC, investor of the 50 MWp Gio Thanh 2 solar power plant.
Gio Thanh 1 and Gio Thanh 2 solar power plants in Quang Tri province, central Vietnam. Photo courtesy of PECC2.
Hong Kong-based CNNC Overseas International Investment Limited and Beijing-based Zhongyuan Limited are looking to buy a total stake of 50% in Khe Sanh Wind JSC, investor of Amaccao Quang Tri 1 wind power plant.
The 49.2-MW power plant, with a total investment of VND2,172 billion ($89.05 million), received in-principle approval in December 2020, and became operational in 2021.
Singapore’s Sembcorp has proposed the purchase 100% stakes in Dien Gio Huong Phung Limited Company and Quang Tri Gelex Energy Co., Ltd. for VND710 billion ($29.11 million) and VND1,269 billion ($52.03 million), respectively.
The two Vietnamese firms own several wind power plants in the province, including the 20 MW Huong Phung 2, the 29.3 MW Huong Phung 3, the 29.4 MW Gelex 1, the 29.4 MW Gelex 2, and the 29.4-MW Gelex 3.
Quang Tri’s Department of Planning and Investment has said that since the above power projects have sensitive locations like border areas and nearshore areas, it has asked for feedback from relevant authorities including the Ministry of Public Security and the Ministry of National Defense.
- Related News
- Read More
Singapore-based Dale Investment acquires 73% stake in Vietnam’s Tam Tri hospital chain
Singapore-based investment fund Dale Investment Holdings has acquired a 73.15% stake in Vietnam’s private hospital chain Tam Tri Medical, according to a recent corporate registration update.
Companies - Sat, June 28, 2025 | 11:12 pm GMT+7
Volume of goods through seaports surges during US tariff pause
There's been a surge at Vietnamese container ports as businesses speed up deliveries during the 90-day pause on U.S. reciprocal tariffs.
Companies - Sat, June 28, 2025 | 10:52 pm GMT+7
Central Retail unveils $1.38 bln expansion plan for Thailand and Vietnam
Thailand's largest retailer Central Retail Corporation (CRC) will invest over THB45 billion ($1.38 billion) through 2027 to expand mainstream markets and accelerate growth in both Thailand and Vietnam, the retailer said in a release on June 24.
Companies - Sat, June 28, 2025 | 10:49 pm GMT+7
Dong Nai proposes development of $16 bln free trade zone
The southern province of Dong Nai has unveiled a plan to develop a $16 billion free trade zone to capitalize on the upcoming Long Thanh International Airport.
Companies - Sat, June 28, 2025 | 10:46 pm GMT+7
Thai Deputy PM to travel to US for trade talks next week
Thai Deputy Prime Minister and Minister of Finance Pichai Chunhavajira on Friday said that he will travel to the U.S. for trade talks next week.
Southeast Asia - Sat, June 28, 2025 | 10:36 pm GMT+7
Indonesia sees steady rise in renewable energy capacity
Indonesia's renewable energy capacity is rising year-on-year, according to Pandu Patria Sjahrir, chief investment officer (CIO) at the Investment Management Agency Daya Anagata Nusantara (BPI Danantara) of Indonesia.
Southeast Asia - Sat, June 28, 2025 | 10:34 pm GMT+7
$2 bln high-end tourism-service project okayed in northern Vietnam economic zone
The Vietnamese government has given in-principle approval to a high-end integrated tourism-service complex in Van Don Economic Zone in the northern province of Quang Ninh.
Real Estate - Sat, June 28, 2025 | 10:27 pm GMT+7
Beverage giant Tan Hiep Phat-tied firm plans $153 mln to expand southern Vietnam plant
A company tied with Vietnamese beverage giant Tan Hiep Phat plans to invest VND4 trillion (153.3 million) to expand its beverage plant in the southern province of Hau Giang.
Investing - Sat, June 28, 2025 | 4:10 pm GMT+7
Masan Consumer announces 25% interim cash dividend
Masan Consumer, the consumer goods arm of Masan Group, has announced a plan to pay an interim dividend for 2025 at a rate of 25% (VND2,500 or $0.096 per share).
Companies - Sat, June 28, 2025 | 1:03 pm GMT+7
Vietnam’s credit growth exceeds 7% in H1
Total outstanding credit across Vietnam’s banking system had reached VND16,730 trillion ($656 billion) in the year to June 18, up 7.14% from end-2024, according to the State Bank of Vietnam (SBV).
Banking - Sat, June 28, 2025 | 12:52 pm GMT+7
Vietnam's property developer Phat Dat aims to nearly double share price
Phat Dat Real Estate Development Corp (HoSE: PDR), a major real estate developer in Ho Chi Minh City, expects its shares to climb to VND30,000 ($1.15) apiece by year-end, with its leadership voicing strong resolve to deliver on the target.
Real Estate - Sat, June 28, 2025 | 9:46 am GMT+7
Work on HCMC’s Ring Road 4 set to commence in 2025
The National Assembly, Vietnam's legislature, on Friday gave in-principle approval to the Ring Road 4 project in Ho Chi Minh City, with 99.09% of members in attendance voting in favor.
Investing - Sat, June 28, 2025 | 8:26 am GMT+7
Private firms eligible to invest in trans-Vietnam high-speed railway project
The National Assembly, Vietnam's legislature, has allowed private companies to invest in the North-South high-speed railway project.
Economy - Fri, June 27, 2025 | 9:16 pm GMT+7
Vietnam legislature requests legal framework for pilot crypto asset market
The parliament has requested prompt establishment of legal frameworks to pilot a crypto asset market in Vietnam, per a resolution adopted on Friday.
Investing - Fri, June 27, 2025 | 4:12 pm GMT+7
Vietnam parliament okays establishing one international financial center in HCMC-Danang
Vietnam will build one international financial center located in both Ho Chi Minh City and Danang, in which initiatives like digital assets and sandboxes will be tested under control, according to a newly-approved parliament resolution.
Economy - Fri, June 27, 2025 | 3:44 pm GMT+7
Businesses that want to survive must invest in quality governance: Sunhouse exec
Vietnam is enjoying a huge advantage from the “China+1” wave given the U.S.-China trade war. The country is an alternative destination for many large corporations. No other country has the speed of building factories and growing exports as fast as Vietnam, says Nguyen Xuan Phu, chairman of Sunhouse, a leading home appliance manufacturer.
Executive Talk - Fri, June 27, 2025 | 1:50 pm GMT+7
