China's Trina Solar plans $420mln expansion in Vietnam
7 November 2023
Chinese solar panel maker Trina Solar is planning to invest an additional $420 million in Vietnam's northern province of Thai Nguyen, raising its total investment in the country to nearly $900 million, the provincial government said on Sunday.
Reuters in September exclusively reported that Trina, one of the world's biggest solar panel makers by sales, would invest $400 million in a new plant in Vietnam.
In a statement released after a meeting between Trina's chairperson Gao Jifan and Deputy Prime Minister Tran Luu Quang, Gao said he expected to get support from the authorities to research and invest in rooftop solar power projects locally.
Trina, which was founded in 1997, is one of the biggest solar panel makers in Vietnam and operates two plants in Thai Nguyen, about 82 km from capital city Hanoi.
The statement did not say whether the investment would include a third Trina Vietnam facility, or whether it could be used for other projects such as expanding existing plants.
Trina's Vietnam investment follows an investigation by the U.S. Department of Commerce that concluded in August Trina was among five Chinese solar firms who used plants in Thailand and other Southeast Asian countries to dodge punitive tariffs on Chinese-made panels.
China and Hong Kong combined were the biggest foreign investor in Vietnam in the first 10 months of this year, according to Vietnamese government data.
Related
-
Bahrain opens prices for transaction advisory services on Northern Link Road
11 August 2026
-
Three groups bid for $5bn Asir-Jizan highway
4 August 2026
-
Hochtief and Turner team up to build German data centre
30 July 2026
-
Iberdrola to buy majority stake in Finnish power distributor Caruna
24 July 2026
-
Trinasolar and Al-Raebi to explore 1.5GW solar pipeline in Yemen
23 July 2026
-
Chinese contractor wins Kuwait investment authority HQ
16 July 2026


京公网安备
11010802030424号
京ICP备19046776号-2