Macquerie Capital to invest in Vietnam’s renewable energy
By Minh Thu
March 26, 2019 | 08:55 AM GMT+7
The Australian company has done due diligence on large-scale renewable energy projects in Vietnam.
Macquerie Capital president John Walker met Vietnamese Deputy Prime Minister Trinh Dinh Dung. Photo by VGP.
Macquarie Capital will soon invest in large-scale renewable energy projects in Vietnam, the company’s president and CEO John Walker told Deputy Prime Minister Trinh Dinh Dung in a recent meeting.
Walker said the company was seeking opportunities to invest in other infrastructure development projects in addition to green and renewable sector.
Macquarie Capital is setting up representative office in Vietnam, which is responsible for researching large-scale renewable energy projects, especially offshore wind, coastal wind and solar energy projects as well as waste-fired energy projects.
Walker expressed his confidence that the company would operate effectively in Vietnam thanks to the increasingly transparent and open investment environment.
Macquarie is one of Australia's most successful corporations, with more than 14,000 employees in 25 countries, focusing on two key areas of investment and infrastructure management with assets under management of more than $345 billion USD.
Macquarie Capital is the group’s company in charge of investment, having the advantage of experience and resources to invest in the areas of infrastructure, energy and renewable energy. In the renewable energy sector alone, Macquarie Capital has invested about AUD2 billion in offshore wind projects in Europe and Asia.
Deputy Prime Minister Dung said trade and investment cooperation between Vietnam and Australia still has room to grow and Macquarie’s large-scale investment projects in Vietnam will create a great driving force for businesses in both countries.
Two-way trade between Vietnam and Australia $7.7 billion in 2018, an increase of 19.3 per cent.
Australia has so far registered to invest 425 projects in Vietnam with total investment of $1.84 billion. Meanwhile, Vietnam has 47 direct investment projects in Australia with a total value of about $256 million.
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