Vietnam has become an attractive destination for Chinese and Taiwanese solar panel makers who want to make use of tax advantages to export to the US and Europe, according to Dau Tu newspaper.
Hanoi (VNA) – Vietnam has become an attractive destination for Chinese andTaiwanese solar panel makers who want to make use of tax advantages to exportto the US and Europe, according to Dau Tu (Investment) newspaper.
Recently,Chinese companies GCL-SI and Trina Solar signed contracts with Vietnam-basedVina Solar Technology Co., Ltd on solar cell manufacturing at Vietnamese plants.
TheGCL-SI company announced plans to invest 32 million USD in the partnership withVina Solar.
Presidentof GCL-SI Shu Hua said the investment brings production cost advantages for thecompany and helps it arrange the supply chain.
Thismove also increases competitiveness and allows the firm to make inroads intothe US and European markets since both apply trade barriers against solarpanels made in China and China’s Taiwan, according to a report of GCL-SI.
Withinvestment of 100 million USD, Trina Solar has completed the construction of asolar cell manufacturing project with annual capacity of 800MW in the northernprovince of Bac Giang.
Accordingto the deal, Vina Solar will supply and assemble PV modules for Trina Solar.
Presidentand CEO of Trina Solar Jifan Gao said the factory is a result of his company’sglobal strategy following its cell factories in Malaysia and Thailand.
Thecooperation will bring mutual benefits and cutting-edge solar technology forVietnam and create about 1,000 local jobs, he added.
LastNovember, China’s JA Solar Group launched a one-billion-USD project to build asolar cell manufacturing plant at Quang Chau industrial park in Bac Giang.
Theprovince has become a solar cell manufacturing centre in Vietnam with eight licensedprojects capitalized at 635 million USD, which have total capacity of 5,200 MWa year.
Globaldemand for solar panels is forecast to gradually increase, while installationand production costs will continue falling, according to the InternationalRenewable Energy Agency.
Thisis why the solar cell industry in Vietnam is warming up after the failure of severalprojects in the past, including the 300-million-USD project of Global Sphere inthe central province of Thua Thien-Hue and IC Energy’s 390-million-USD investmentin the central province of Quang Nam./.
Work on a solar energy panel project started in the Quang Chau industrial park in Viet Yen district, northern Bac Giang province, according to the Kinh Bac City Development Company (KBC).
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Illustrative image (Source: VNA) 
