IFC looks at investing up to $20m in Canadian Solar for its Vietnam foray

International Finance Corporation, the private lending arm of the World Bank, is partnering a Singapore-based private equity firm to invest in Gia Lai Electricity JSC (GEC), one of Vietnam’s largest private-sector independent small hydroelectric power producers. IFC together with a private equity fund based in Singapore proposes to invest up to 36% equity stake in GEC, according to its investment disclosure. The investment is meant to support...

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Due Diligence in Choosing Business Partner

Joint ventures and associate in business will bring many opportunities for the development and success of business. However, it is not easy to choose partners to help maximize the value for business, especially in this difficult time. That is the reason why we should conduct the due diligence research before making any decision. According to experts, there are enterprises that growing very fast because they choose the right partners...

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Canada energy firm eyes $150m solar power plant in Vietnam

Canadian company CMX Renewable Energy Inc has sought a license to build a 150-megawatt solar powerplant in the central province of Ninh Thuan at an estimated cost of $150 million, newswire Thanhniennews.com reported. SolarEnergy Power Future in Vietnam CMX is the latest foreign investor to have expressed interest in setting up a solar energyproduction unit in Vietnam after the government said that it is drafting policies...

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Education Startup Will Flourish in Vietnam

Education startup will become great opportunity for foreign investors to invest in Vietnam as well as the Vietnam startup community. GotIt!, a Startup, a Mobile App which is built on the question – answer foundation for a long time has been presented in the top 10 educational apps on App Store in the US. GotIt! has received 9 million USD from Capricorn Investment Group. Investors of GotIt! are also the people who invest in companies...

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Quang Nam Province Welcomes Foreign Investors

In 2017, Quang Nam province is expected to continue to become the bright spot of the central region on investment attraction, welcoming foreign enterprises to come and invest in Vietnam. In fact, Quang Nam province is an ideal destination for investors at home and abroad. There were presence and long-term commitment of the major investors such as Truong Hai Auto, Suntory – Pepsico, Vietnam Brewery VBL, Inax sanitary equipment, Groz-Beckert...

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Ho Chi Minh City develops startup ecosystem with $1.3 mln fund

Ho Chi Minh City has earmarked VND30 billion ($1.3 million) for a startup investment fund which is expected to provide local entrepreneurs with the funds they need to develop their products, services and technologies. US Investors Invest in Ho Chi Minh City The fund, which has been raised from individual and institutional investors, is projected to grow to VND100 billion by 2020. Vietnam is aware that in order to maintain economic...

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Foreign firm to produce solar cells in Vietnam

HCMC – JA Solar Hong Kong Investment, a major manufacturer of high-performance solar power products, will develop a solar cell production project worth over US$1 billion in the northern province of Bac Giang. According to Saigon-Bac Giang Industrial Park Corporation (SBG), the investor of Quang Chau Industrial Park (IP), the Hong Kong firm has inked an in-principal deal with SBG to lease 88 hectares of land at the IP to build...

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Canadian Investors Invest in Binh Dinh Province

Seldat Vietnam Co., Ltd (coming from Canada) went to Vietnam to set up business by implementing the garment factory project. Department of Planning and Investment of Binh Dinh province has just granted certificate of investment registration for Seldat Vietnam Co., Ltd (investors from Canada) to invest in Seldat Vietnam garment factory project in An Hoa village, Nhon Khanh commune, An Nhon town, with a total investment of nearly 1.2...

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Vietnam's ancient town to light up main attractions with solar power

The $147,000 project uses funding from the German government. Street lanterns win the hearts of many tourists to Hoi An. Photo by VnExpress/Tran Viet Anh Hoi An, the much loved ancient town in central Vietnam, has started a new project to use solar power for its major attractions, with funding from the German government. The $147,000 project will set up solar panels at the one-hectare (2.5-acre) Hoai River Square to provide a...

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World Bank offers ray of light to promote solar power in HCMC

Renewable energy accounts for only 0.1 percent of Ho Chi Minh City’s electricity consumption. Energy experts from the World Bank proposed a program to help Ho Chi Minh City develop solar power systems at a meeting on Tuesday, Saigon Times reported. Solar panels are used to produce renewable energy at the photovoltaic park in Europe. Photo by Reuters To start with, the bank will work with the city to carry out an overall assessment...

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Vietnam utility cuts power purchases from China

Vietnam Electricity refrained from buying electricity from China last month following a surge in domestic output. Solar Energy Power Future in Vietnam Vietnam’s electricity output during the first eight months of this year has increased by 11.2 percent to 117.1 billion kilowatt hours (kWh), including 1.2 billion kWh imported from China, said the country’s utility group EVN said Saturday. Hydropower plants which in the first eight months...

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