French renewable energy producer EDF Renewables has made a significant investment in SkyX Energy, which is a subsidiary of VinaCapital Group and the owner of rooftop solar power plant SkyX Solar.
HCM City (VNA) – French renewable energyproducer EDF Renewables has made a significant investment in SkyX Energy, which is a subsidiary of VinaCapital Group and the owner of rooftop solar power plant SkyX Solar.
Assisted by the new partnership, SkyX Solar is expected to invest at least 100 million USD indeveloping 200 more MWp of solar rooftop electricity within the next two tothree years, serving industrial and commercial customers.
Samresh Kumar, Executive Chairman and CEO of SkyX Solar,said the company currently has about 100MWp of rooftop solar power underdevelopment and operation.
The firm plans to cooperate with industrial parks in Vietnamto exploit hundreds of MW of rooftop solar power in the coming time, he said, adding that EDF Renewables’ experience and resources are hoped toboost SkyX Solar’s expansion quickly.
Yalim Ozilhan, Southeast Asia Regional Director of EDFRenewables, said that renewable energy sees great potential for development inVietnam. With the strength of rooftop solar power solutions globally, EDF isvery interested and wishes to invest in expanding its scope of operations in themarket, he added.
In early 2021, the French group sealed a cooperation deal toinvest in two wind power plants in the Central Highlands provinces of Dak Lak./.
Vietnam and France have had a number of cooperative activities in energy, including oil and gas exploration, exploitation and processing as well as technology transfer, said Deputy Minister of Industry and Trade Cao Quoc Hung at a forum in Paris on July 7.
Vietnam’s stable economic growth rate and improved business and investment environment over a long period has enticed French big corporations to invest or expand their projects in Vietnam.
As Vietnam and France hold huge potential for economic, trade and investment cooperation, businesses of the two nations should enhance partnerships by capitalising on their advantages, thus serving development needs in each country, said Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh.
Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Vietnam, according to industry insiders.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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.
Illustrative photo (Source: VNA) 
