Category: Vietnam

AboitizPower terminates $46m acquisition of Vietnam’s Mekong Wind Philippine-listed electricity giant Aboitiz Power Corp (AboitizPower) announced that its planned acquisition of Vietnam’s Mekong Wind has been terminated because some of the conditions of the deal were not met. “A condition precedent was not delivered, and the completion of the acquisition was not completed by the […]

Vietnam’s HCM City to suspend work on non-urgent construction projects HCM CITY — HCM City has suspended non-urgent construction projects until April 15 in an aim to strictly follow nationwide social distancing rules amid the COVID-19 pandemic. The city’s Department of Construction has sent an urgent document to people’s committees in 24 districts and relevant […]

Thailand’s Stark Corporation acquires Vietnamese cable makers for $240m Stark Corporation PCL of Thailand is acquiring Vietnam-based Thinh Phat Cables (Thipha) and Dong Viet Non-Ferrous & Plastic (Dovina) for a combined enterprise value of $240 million. The transaction will be implemented by Stark Corporation’s subsidiary Phelps Dodge International, the SET-listed firm said in a stock […]

Vietnam’s key North-South Expressway project sees revised plan The plans for Vietnam’s key North-South Expressway project are being amended. The Vietnam Government has said it intends to change its plans for three sections of the North-South Expressway. Instead of being carried out under the PPP model, these will now be handled under a public investment […]

‘Largest onshore rotors in Asia’ as GE wins Mui Ne wind farm project in Vietnam US group to deliver 5MW Cypress machines to second phase of project developed by regional partners GE Renewable Energy has won a turbine deal in Vietnam that’s said to see the largest rotors yet to be deployed in Asia. The […]

Thailand’s Super Energy Corporation assigns $457m for Vietnam solar deals Despite the looming global recession caused by the Covid-19 pandemic, SET-listed Super Energy Corporation announced that it will allocate US$457 million for asset acquisition in Vietnam this year. Chairman and acting managing director Jormsup Lochaya said the company decided to take over four solar farm […]

Vestas secures fourth intertidal wind energy project in Ben Tre Province, Vietnam Maintaining its successful momentum with 200 MW order intake in Vietnam last year, Vestas has now secured its fourth intertidal project in the country with a 29 MW order with Sigma Engineering Joint Stock Company. The Ben Tre V1-3 wind power project will […]

Offshore wind turbine installations gather pace in Asia The Asia-Pacific region is taking the lead globally in new installations of offshore wind turbines, increasing demand for turbine manufacturing facilities and metals consumption. Offshore wind turbines are typically larger than those installed onshore, increasing demand for alloying metals such as chromium, molybdenum and manganese in the […]