Vietnam’s Trungnam Mulls $500m Bond Sale to Fund Renewable Plans

Conglomerate Trung Nam Construction Investment JSC plans to sell about $500 million in bonds in the next three years, while considering a listing on the Vietnam stock exchange to help fund its various energy and infrastructure projects, its CEO said.

The company, more popularly known as Trungnam Group, will require huge funding for its projects through 2030, CEO Nguyen Tam Tien said. These include onshore and near-shore wind power projects that will almost triple its renewable energy capacity by 2026 from the current 1.6 gigawatts of mostly wind and solar energy, according to Deputy CEO Do Tu Anh.

Trungnam will ...