The loan forms part of a $173 million Vietnam green loan wind power project financing package arranged and syndicated by ADB as mandated lead arranger and bookrunner. The Asian Development Bank (ADB) signed a $116 million green loan with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong Huy Wind Power Joint Stock Company…
The rise of online shopping is driving demand for cold storage facilities in Vietnam, a segment that is severely short of supply around the world. Research firm Forrester forecasts online shopping in Asia-Pacific will grow by 30 per cent annually by 2024. Trang Bui, senior director of markets, JLL Vietnam, said the seafood export sector occupied…
IFC is providing $57 million to Thuan Binh Wind Power Joint Stock Company (TBW), a subsidiary of Refrigeration Electrical Engineering Corporation (REE). This will enable the construction of two onshore wind power plants, including Phu Lac 2 in Binh Thuan province and Loi Hai 2 in Ninh Thuan province with a total capacity of 54.2MW….
Singaporean utility company SP Group has signed a memorandum of understanding with BCG Energy, a holding subsidiary of Vietnamese investor Bamboo Capital, to support the development of new renewable energy projects in the country. As part of the deal, SP will be able to acquire a 49% stake in BCG Energy’s subsidiary, Skylar Joint Stock…
A consortium led by Chinese e-commerce giant Alibaba will invest $400 million in the subsidiary of conglomerate Masan Group that operates retail chain VinMart. The consortium, including Baring Private Equity Asia, one of the largest private equity firms in Asia, has signed an agreement to acquire a 5.5 percent stake in The CrownX, a deal…
French-owned The Blue Circle’s 80MW wind power investment project in Kampot province has hit an impasse, as its proposed $0.068 per kWh tariff rate for the national grid exceeds what state-run energy supplier Electricite du Cambodge (EdC) is willing to pay, according to a Ministry of Mines and Energy senior official. The Blue Circle specialises…
China has arranged a deal for Cambodia to export about 500,000 tons of fresh mango to the country, according to reports. After more than three years of negotiation, the Cambodian Ministry of Agriculture, Forestry, and Fisheries and the General Administration of Customs of China officially accepted 37 companies with mango farm and five companies with…
With a population of one hundred million people, of which 60% are youth who are willing to try out new products, the Vietnamese market looks highly attractive to foreign retailers. There are currently about 44 million Vietnamese in the middle class, and according to some forecasts this number will increase to 95 million by 2030….
Japan’s Mitsubishi HC Capital Inc (TYO:8593) announced today that a subsidiary has completed the acquisition of a 35.1% stake in a 152-MW wind farm in Vietnam, thus entering the local market. More specifically, Hitachi Sustainable Energy Ltd has purchased shares in Trung Nam Wind Power Joint Stock Company (TNWP), which holds the wind farm, for…
Despite the current COVID-induced economic slump, Cambodia still represents an attractive market for several sectors, among them, United States franchises, which could start popping up in the Kingdom as early as 2022. Robert Jones, a consultant for Edwards Global Services, who represented three US brands poised to bring their products to the Kingdom at a…
The private sector experienced a wave of renewed optimism that mango would become a valuable agro-industrial export and prove particularly attractive to investors, after Cambodia on May 7 shipped around 100 tonnes of fresh mango to China, in the Kingdom’s inaugural direct export of the fruit to the East Asian market. The official export came…
Sihanoukville provincial authority and private sector has welcomed a $50 million investment in a new five-star hotel, which observers note will better equip the province to serve tourist arrivals in the years to come. The Council for the Development of Cambodia (CDC) on May 5 gave JinBei Palace Co Ltd the nod for its 195-room…
The government has reaffirmed its stringent stance over the smuggling of aquaculture products into the Kingdom as a means to sustain local production. The confirmation came after a handful of calls were made by the Cambodian Aquaculturist Association (CAA) over recent weeks concerning illegal imports. A spokesman for the Ministry of Economy and Finance has…
