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Energy

VinaCapital to invest $100m in Vietnam's sizzling solar sector

Government of world's No. 3 solar market says wants to shift further from coal

Solar power panels in Vietnam: Fund manager VinaCapital will pour $100 million into solar power in Vietnam in the next two to three years.   © AP
LIEN HOANG, Nikkei staff writer | Vietnam

HO CHI MINH CITY -- Fund manager VinaCapital will pour $100 million into solar power in Vietnam, the world's No. 3 solar market but also a heavy coal user that is expected to feel the impact of China's recently announced divestment from coal.

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