Singaporean bank loans Bamboo Capital solar subsidiary $77.5 mln
BCG Gaia JSC, a subsidiary of Bamboo Capital Group, has received a VND1.83 trillion ($77.5 million) loan from DBS Bank Ltd (DBS) of Singapore.
BCG Gaia is a joint venture between BCG Energy - a member company of Vietnamese conglomerate Bamboo Capital Group, known as BCG, and SembCorp Energy Vietnam, which specializes in developing large-scale solar power projects in Mekong Delta provinces. It currently owns two solar power plants, BCG Long An 1 and BCG Long An 2, with a total capacity of 141 megawatts.
The long-term DBS loan, which has a competitive interest rate, meets the company's solar development plans. BCG Gaia said that it will use the loan to strengthen its financial structure, significantly lower the investment interest rate bracket for its two solar farms, and improve its competitiveness.

The BCG Long An 2 solar plant of BCG Gaia JSC has a total investment of $96.1 million. Photo courtesy of Bamboo Capital Group.
In the context of recent fluctuations in the international and domestic financial markets, most businesses have been facing difficulties raising capital. The mobilization of $77.5 million from DBS shows the confidence of the international financial institution in the business platform and healthy credit profile of projects developed by BCG Gaia, the company said in a release.
In late March 2023, BCG Energy attracted great attention when BGG - SP Greensky, a joint venture between BCG Energy and Singapore utilities company SP Group, raised a syndicated loan of $31.5 million from three Singaporean partners, namely DBS, Oversea Chinese Banking Corporation (OCBC) and United Overseas Bank Limited (UOB). BCG Energy said that the company has been granted a credit line of up to $50 million by the Singaporean banks, and the parties are negotiating to disburse the rest.
Deputy CEO of BCG Energy Pham Nguyen Ngoc Thuong said the recently approved Power Development Plan VIII (PDP VIII) shows the Vietnamese government's commitment and determination in energy transition towards the strong development of renewable sources.
This is also an important legal basis for businesses to implement new renewable energy projects in the future, and creates favorable conditions for mobilizing huge "green credit" from credit and financial institutions at home and abroad.
“BCG Energy will take advantage of opportunities from PDP VIII to continue working with reputable organizations to mobilize additional development resources for wind and solar power projects, actively contributing to the clean energy transition in Vietnam,” she added.
BCG Energy focuses on the development and operation of ground-mounted and rooftop solar assets in Vietnam. The assets include 600 MW of electricity installed, 229 MW under installation, and 670 MW in the pipeline.
As of December 31, 2022, BCG Energy’s equity had stood at VND4.5 trillion ($189 million), and its total renewable assets were more than VND20.83 trillion ($875.2 million).
The company’s 2022 net revenue was more than VND1.06 trillion ($44.7 million), and profit after tax was more than VND258 billion ($10.8 million).
- Read More
Vietnam, Japan see 'strong collaboration prospects in developing green, eco-friendly products'
Vietnam and Japan have vast potential for cooperation in the development of green and environmentally friendly products, said general secretary of the ASEAN-Japan Center (AJC) Kunihiko Hirabayashi.
Economy - Wed, June 4, 2025 | 12:16 pm GMT+7
Quynh Lap LNG-fired power project in central Vietnam seeks in-principle approval
The $2.15 billion Quynh Lap LNG-fired power project, located in Nghe An province, is drawing significant interest from both international and domestic investors.
Energy - Wed, June 4, 2025 | 9:28 am GMT+7
Indonesia's coal exports dip on weak demand
Indonesia's coal exports dropped 6.43% to 160 million tons during January-April, according to the Energy and Mineral Resources Ministry.
Southeast Asia - Wed, June 4, 2025 | 8:48 am GMT+7
Vietnam's benchmark VN-Index may reach 1,500 points: analyst
The current valuation of the Vietnamese stock market is quite attractive, and the VN-Index may return to its historical peak of 1,500 points by the end of this year, says Phan Dung Khanh, director of investment advisory at Maybank Investment Bank.
Finance - Wed, June 4, 2025 | 8:38 am GMT+7
Vietnam's agro-forestry-fishery export tops $28 billion in 5 months
Vietnam shipped $6.28 billion worth of agro-forestry-fishery products abroad in May, propelling the cumulative total for the first five months of the year to $28.04 billion, a year-on-year increase of 19.6% and 15.1%, respectively.
Companies - Wed, June 4, 2025 | 8:08 am GMT+7
Brewing change: Carlsberg Vietnam walks the talk on World Environment Day
On a bright morning in Phuoc Tinh commune, Long Dat district, Ba Ria-Vung Tau province, about 200 volunteers from Carlsberg Vietnam, including employees, senior leaders, and their families, rolled up their sleeves for a meaningful coastal clean-up.
Companies - Wed, June 4, 2025 | 8:00 am GMT+7
Vietnam plans to spend over $2 bln on US agri imports
Vietnam’s Ministry of Agriculture and Environment is expected to sign MoUs to purchase over $2 billion worth of U.S. agricultural, forestry, and fishery products.
Economy - Tue, June 3, 2025 | 10:01 pm GMT+7
New flight route to help Danang attract more wealthy tourists from Middle East
The new Dubai-Danang flight route has been launched, paving the way for an influx of high-spending travelers from the Middle East and Europe to the central Vietnam city, one of the country's top tourist attractions.
Companies - Tue, June 3, 2025 | 9:13 pm GMT+7
Food giant C.P. Vietnam’s 'diseased' pigs improperly quarantine-stamped: authorities
The widely circulated images of diseased pigs from C.P. Vietnam, a subsidiary of Thailand’s food giant Charoen Pokphand Foods Public Company Limited (CPF), date back to 2022, but the pigs were improperly stamped, Vietnamese authorities stated on Tuesday.
Companies - Tue, June 3, 2025 | 5:36 pm GMT+7
Son Hai Group proposes expanding 263km stretch of Vietnam's North-South Expressway
Vietnam’s Son Hai Group is seeking Prime Minister Pham Minh Chinh's approval to invest in the expansion of a 263-kilometer stretch of the eastern section of the North-South Expressway.
Infrastructure - Tue, June 3, 2025 | 3:53 pm GMT+7
FedEx establishes direct serve in Vietnam on surging demand
FedEx Express Corporation, one of the world’s largest express transportation companies, has transitioned to a direct-serve presence in Vietnam amid the Southeast Asian country’s growing international shipping demand.
Industries - Tue, June 3, 2025 | 2:55 pm GMT+7
Vietnam’s steel giant Hoa Phat to deliver thousands of containers to domestic shipping lines
Vietnam’s largest steelmaker, Hoa Phat Group, will supply thousands of containers to VIMC Container Transport JSC (VIMC Lines) and Vinafco Shipping JSC under recently signed contracts.
Companies - Tue, June 3, 2025 | 12:16 pm GMT+7
Shinhan Bank receives 'Fastest growing SME bank Vietnam 2025' award
South Korea’s Shinhan Bank Vietnam Limited has been named the “Fastest Growing SME Bank Vietnam 2025” by World Economic Magazine (UK).
Companies - Tue, June 3, 2025 | 10:19 am GMT+7
Vietnam’s ‘shrimp king' Minh Phu expects to return to profit in 2025
Minh Phu Seafood Corporation (UPCoM: MPC), Vietnam’s leading shrimp exporter, expects net profit to reach VND997 billion ($38.03 million) this year, reversing the loss in 2024.
Companies - Tue, June 3, 2025 | 8:38 am GMT+7
CMC Corporation breaks ground on $300 mln technology hub in Hanoi
Vietnam's leading technology firm CMC Corporation on Monday broke ground on its $300 million Hanoi CMC Creative Space (CCS Hanoi) project.
Industries - Mon, June 2, 2025 | 11:19 pm GMT+7
Thailand’s industrial output up after 9-month decline
Thailand’s industrial output has turned positive for the first time in nine months, with the automotive sector rebounding after a 21-month slump, said Thai Deputy Finance Minister Paopoom Rojanasakul.
Southeast Asia - Mon, June 2, 2025 | 10:48 pm GMT+7