VnExpress News The News Gateway of Vietnam
Asong Invest, Noble Vietnam, and PVCB Capital signed a memorandum of understanding on June 23 to cooperate in establishing the PV-Asong Green Growth Investment Fund.
The announcement came during a state visit on June 22-24 by South Korean President Yoon Suk Yeol, at the invitation of his Vietnamese counterpart Vo Van Thuong.
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The leaders of Vietnam and Korea, and many businesses from both countries gathered at the Vietnam-RoK Business Forum last Saturday. Photo courtesy of Asong. |
The parties involved agree to cooperate in accelerating investment opportunities for Korean investors in Vietnam as well as vice versa.
The “PV-Asong Green Growth Investment Fund” is expected to be established in the third quarter with a target fund size of US$100 million. The fund’s investment objects are enterprises operating in the energy sector, renewable energy projects, including solar energy, pumped-storage hydroelectric, and development programs for the carbon credit market in Vietnam.
The parties also agree to cooperate to register projects belonging to the Vietnam-Korea ITMO (Internationally Transferred Mitigation Outcomes) agreement.
Asong Invest is an investment company focusing on impact investment opportunities in Vietnam, with expertise in infrastructure, energy, and real estate financing.
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Tran Quang Vinh (PV Capital) and Sung Seung Hoon (Asong Invest) at the MoU. Photo courtesy of Asong. |
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