Logo of Phnom Penh Post newspaper Phnom Penh Post - EXIM extends credit to develop renewable energy in Vietnam

EXIM extends credit to develop renewable energy in Vietnam

Content image - Phnom Penh Post
Exim president Pisit Serewiwattana (pictured, The Nation).

EXIM extends credit to develop renewable energy in Vietnam

EXPORT-IMPORT Bank of Thailand (Exim Thailand) has extended $65 million in credit to Eastern Power Group Plc and Communication & System Solution Plc to finance the construction of two solar-power plants in Phu Yen, Vietnam, with a combined generating capacity of around 100MW.

Exim president Pisit Serewiwattana said the support was intended to encourage Thai investment in renewable-energy projects in response to increasing demand from both the public and private sectors in Vietnam after government liberalisation.

With solar-power generation in Vietnam targeted to leap from 850MW next year to 12,000MW within 10 years, Exim Thailand has built relationships with leading banks there to manage risks and resolve restrictions.

“Exim Thailand’s financial support is in line with Thai government policy of accelerated promotion of Asean connectivity and the expansion of economic cooperation with neighbouring countries,” Pisit said.

“Exim Thailand also has a strategy to connect Thailand to the world through international trade and investment. We have strived to explore and create trade and investment opportunities for Thai entrepreneurs overseas, particularly in CLMV – Cambodia, Laos, Myanmar and Vietnam – which are new frontier markets with high potential.

“Exim Thailand is ready to take the lead in filling the existing business, financial and knowledge-base gaps,” he said. “We are also well positioned to work with public and private entities both at home and overseas to boost Thai entrepreneurs’ competitiveness in the move toward Thai and Asian development on a sustainable basis.”

Exim Thailand officially opened a representative office in Phnom Penh on March 7. THE NATION (THAILAND)/ANN


  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • PM to open new Siem Reap int’l airport December 1

    Prime Minister Hun Manet and Chinese leaders would jointly participate in the official opening of the new Chinese-invested Siem Reap-Angkor International Airport on December 1. The airport symbolises a new page in the history of Cambodian aviation, which will be able to welcome long-distance flights to

  • Cambodian diaspora laud Manet’s UN Assembly visit

    Members of the Cambodian diaspora are rallying in support of Prime Minister Hun Manet’s forthcoming visit to the 78th UN General Assembly (UNGA 78) in the US’ New York City this week. Their move is an apparent response to a recent call by self-exiled former

  • Minimum wage set at $204, after Sep 28 vote

    The minimum wage for factory workers in the garment, footwear and travel goods industries for 2024 has been decided at $204 per month, with the government contributing $2. Following several negotiation sessions, the tripartite talks reached an agreement during a September 28 vote, with 46 of 51 votes supporting the $202 figure.