Vietnam is becoming
attractive locations for investors producing solar panels from China, Taiwan to
expand production in order to meet increasing demands of the world as well as
make use of the advantages of tax for exports to the two largest markets which
are the US and Europe.
Vina Solar has just
signed a contract with GCL-SI – China’s leading solar panels manufacturer and
Trina Solar Company to develop the project to produce solar energy panels with
capacity of 600 MW and 1 GW at the factories in Vietnam.
In particular, GCL-SI Company also announced an investment of 32 million USD
together with Solar Vina in Vietnam.
According to President
of GCL-SI, this investment is not only brings cost advantages but also help
organizing the supply chain of the Company.
Also reported by GCL-SI
Company, this is a notable move to strengthen competitiveness as well as to
expand opportunities to join the US and EU markets as these two markets are
having trade barriers, which are set for solar energy panels manufacturing in
China and Taiwan.
Meanwhile, with an
investment of 100 million USD, Trian Solar Company has recently completed construction
the project producing solar energy panels with capacity of 800 MW/year in Bac
Giang – the province with highest solar energy panels production scale in the
country, with a total capacity of 5,200 MW/year. Moreover, Bac Giang is forming
production and assembly chains of solar energy panels
with 8 projects have been licensed, the total registered capital reached 635
million USD.
Under the agreement,
Vina Solar will supply and assemble PV modules for Trina Solar. This is the
largest project of Trina Solar in Vietnam. The
project has a workshop area of 42,000 m2, with 14 modern production lines, the
factory produce many kinds of single-crystal and polycrystalline batteries. The
products are exported to all continents in the world.
According to the
Chairman and CEO of Trina Solar, the factory in Vietnam is a result of global
strategy, following the opening of the factories producing solar energy panels in
Malaysia and Thailand. This cooperation will bring benefits for both parties,
helping to bring solar energy panel production technology to Vietnam and create
about 1,000 jobs.
In November 2016, JA
Solar Corporation (China) has started construction of the 1 billion USD project
to build a factory producing solar energy batteries at Quang Chau Industrial
Park (Bac Giang). The project is divided into several stages, with the scale of
88 hectares of land.
According to forecasts,
the demand for solar energy panels worldwide will increase after 2016, while
the cost of installation and production will continue to decline. According to
the report of International Renewable Energy Agency, that trend will contribute
to replace fossil energy. This is the reason why many solar panels projects are
warming up in Vietnam, after several major projects are bankrupt previously.
ANT Consulting is here
to assist you from the outset; providing corporate intelligence, risk advisory,
management consulting services that assist market entrance, and ensure
efficient business start-up operation. Our services are as following:
We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848
3520 2779 . To learn more about us, please visit www.antconsult.vn
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