Vingroup units, Idico sign strategic deal on clean energy, green transport
Four arms of Vingroup (HoSE: VIC) on Thursday signed a strategic cooperation agreement with major industrial park developer Idico, targeting clean energy supply and electrification of transport across the latter’s industrial zones.
Under the MoU, VinEnergo, Vingroup's energy arm, will supply renewable electricity to Idico’s industrial parks, with the partnership covering direct power purchase agreements (DPPA) combined with battery energy storage systems (BESS).
The two sides also plan to jointly invest in and operate retail electricity services to lower costs and improve grid reliability within the parks.
In transport, electric vehicle maker VinFast, EV charging firm V-Green, and EV ride-hailing service provider Xanh SM will work with Idico on a roadmap to shift to electric mobility.
VinFast will offer preferential financing to Idico and tenant companies switching to EVs, while Xanh SM will provide passenger and logistics services using electric cars and buses. Meanwhile, V-Green will invest in charging stations and battery-swapping facilities at Idico-operated sites.
Signing ceremony for a strategic MoU between Idico and VinEnergo, VinFast, V-Green, and Xanh SM in Ho Chi Minh City, December 25, 2025. Photo courtesy of VinFast.
“With more than 25 years of industrial infrastructure development, Idico aims to build modern, environmentally-friendly industrial parks that meet rising investor expectations,” Idico chairwoman Nguyen Nhu Mai said at the signing ceremony.
VinEnergo CEO Nguyen Anh Khoa said the partnership would help bring green energy and mobility solutions, including DPPA models and energy storage, into practical application at industrial parks, supporting Vietnam’s energy transition.
Idico currently operates 12 industrial parks nationwide, covering nearly 4,000 hectares, with a total investment of about $700 million. Its parks host nearly 400 foreign tenants with total registered capital of around $9 billion.
- Related News
- Read More
Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations
Operating at full capacity, the Nghi Son Refinery and Petrochemical Complex in Vietnam's central province of Thanh Hoa reported its first profit in Q1/2026, marking a significant turnaround after years of losses.
Economy - Sun, June 14, 2026 | 2:45 pm GMT+7
50 years of Gamuda Berhad and its urban development journey in Vietnam
Celebrating 50 years of establishment and growth, Gamuda Berhad – one of Malaysia’s leading infrastructure and urban development groups – has evolved from an infrastructure specialist into an integrated urban developer with a growing presence across Asia.
Real Estate - Sun, June 14, 2026 | 11:21 am GMT+7
Industrials, technology top Vietnamese sectors in M&A transaction volume
Vietnam’s M&A market recorded 24 transactions in May, with industrials, technology and healthcare sectors being the most active sectors in terms of transaction volume, writes Grant Thornton analysts.
Consulting - Sun, June 14, 2026 | 9:00 am GMT+7
Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook
Vietnam National Textile and Garment Group (UPCoM: VGT) reported consolidated profit growth of 14.4% in the first half of 2026, driven by a strong recovery in its yarn business, even as weakening global demand and uncertainty over U.S. trade policy cast a shadow over the sector’s outlook.
Companies - Sun, June 14, 2026 | 8:00 am GMT+7
Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026
Gamuda Land Vietnam has been recognized as one of the “Top 10 Enterprises Pioneering Green Transformation 2025-2026” at the 25th Golden Dragon Awards.
Companies - Sat, June 13, 2026 | 7:45 pm GMT+7
T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam
Vietnamese conglomerate T&T Group is seeking to accelerate five projects in Bac Ninh while proposing two new developments in this northern province.
Infrastructure - Sat, June 13, 2026 | 7:09 pm GMT+7
VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations
VinFast, the EV arm of Vietnamese conglomerate Vingroup (HoSE: VIC) targets at least 300,000 electric vehicle deliveries globally this year, up 52% year-on-year, while pursuing a restructuring plan aimed at improving capital efficiency, according to a report by Vietcap Securities.
Companies - Sat, June 13, 2026 | 3:07 pm GMT+7
Vietnam economy resilience amid cost pressures, external strains: UOB
The VND has stabilized in recent weeks, trading in a range of VND26,291-26,372 per U.S. dollars in April-May, well within the State Bank of Vietnam’s ±5% band. In a report released on Friday, UOB analysts say on balance, they retain a gradual depreciation bias for the USD/VND, with updated forecasts of 26,500 in Q3/2026, 26,400 in Q4/2026, 26,300 in Q1/2027, and 26,100 in Q2/2027.
Consulting - Sat, June 13, 2026 | 11:49 am GMT+7
Vietnam Politburo issues resolution on FDI sector development
The Politburo, Vietnam's highest decision-making body, has issued a resolution that establishes a new mindset in developing the FDI sector.
Economy - Sat, June 13, 2026 | 8:17 am GMT+7
Japan’s Meiko breaks ground on $500 mln electronic circuit plant in northern Vietnam
Japanese electronics manufacturer Meiko Group on Friday broke ground on a $500 million electronic circuit plant in northern Vietnam, underscoring the country’s growing role in global technology supply chains and advanced manufacturing.
Investing - Fri, June 12, 2026 | 4:06 pm GMT+7
Vietnam's EVN discusses energy investment opportunities with Thailand's Gulf Energy
Vietnam Electricity (EVN) chairman Dang Hoang An met executives from Thailand's Gulf Energy in Hanoi on Wednesday to discuss the company's investment plans and the development of energy projects in Vietnam.
Energy - Fri, June 12, 2026 | 3:59 pm GMT+7
Three developers commit nearly $570 mln to free trade zone in central Vietnam
Authorities in Vietnam’s central city of Danang has approved over VND15 trillion ($569.7 million) of investment for three infrastructure projects at its newly established free trade zone (FTZ).
Infrastructure - Fri, June 12, 2026 | 12:36 pm GMT+7
PV Gas imports nearly 120,000 metric tons of LNG, LPG amid peak energy demand
PV Gas, a subsidiary of state-owned Petrovietnam, has received nearly 120,000 metric tons of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) as it moves to secure fuel supplies against rising domestic energy demand and volatile global markets.
Companies - Fri, June 12, 2026 | 12:20 pm GMT+7
Vietnam government seeks assurances from TKG Taekwang over $2.2 bln power project
Vietnam's Standing Deputy Prime Minister Pham Gia Tuc has asked South Korea's TKG Taekwang Group to clarify its commitment to moving ahead with the long-delayed Nam Dinh 1 build-operate-transfer (BOT) thermal power project, with a particular focus on financing arrangements, carbon-emission reduction technology and a specific construction timeline.
Energy - Fri, June 12, 2026 | 9:06 am GMT+7
CIP, Fecon propose 1-GW Lao wind farm to export power to Vietnam
Danish renewable energy developer Copenhagen Infrastructure Partners (CIP) and Vietnamese contractor developer Fecon have proposed co-developing a 1-GW onshore wind project in Laos to export electricity to Vietnam, as the two companies seek to capitalize on growing regional demand for clean energy.
Energy - Thu, June 11, 2026 | 9:40 pm GMT+7
What did Sun Group propose during meeting with Thai Prime Minister?
Sun Group has proposed several strategic pillars of cooperation between businesses of Vietnam and Thailand, aiming to strengthen bilateral economic ties.
Companies - Thu, June 11, 2026 | 8:17 pm GMT+7
