Fast Capital Solution


Fast Capital supported Nexif Ratch Energy to acquire Minh Luong hydro power plant

2 January 2024

Fast Capital Solution Joint Stock Company supported Nexif Ratch Energy Investments (Nexif Ratch Energy) to acquire successfully the 30 MW Minh Luong run-of-river hydro power plant located in Lao Cai province, Vietnam. 

The transaction helps strengthen Nexif Ratch Energy’ growth path in renewables and further expands the company’s operating asset portfolio in Vietnam. 

Fast Capital acted as the Financial Advisor to Nexif Ratch Energy in the transaction, supporting the company from the origination to closing using the fast track execution method to achieve financial close within the timeline of 5 months.  

Vietnam: Open more borrowing opportunities through Circular 10/2023/TT-NHNN to suspend some lending clauses of Circular 06/2023/TT-NHNN

23 August 2023

In the context that the Vietnam economy is still facing many difficulties, on 23 August 2023, the State Bank of Vietnam (SBV) issued Circular No. 10/2023/TT-NHNN suspending some lending clauses of Circular No. 06/2023/TT-NHNN of the SBV dated 28 June 2023 (“Circular 06”) to increase the access to bank loans for corporate & SME clients in Vietnam. 

Circular 10 will come into effect on 1 September 2023.

Vietnam: New regulations on onshore loans

06 Jul 2023

On 28 June 2023, the State Bank of Vietnam (SBV) issued Circular No. 06/2023/TT-NHNN amending several provisions of Circular No. 39/2016/TT-NHNN of the SBV dated 30 December 2016 (“Circular 39”) on lending activities of onshore credit institutions and foreign bank branches (local banks) to customers (“Circular 06”).

Circular 06 will come into effect on 1 September 2023.

Circular 08/2023/TT-NHNN stipulating conditions for foreign loans not guaranteed by the Government

30 June 2023

On June 30, 2023, the Governor of the State Bank issued Circular 08/2023/TT-NHNN stipulating conditions for foreign loans not guaranteed by the Government.

State Bank of Vietnam approved for more credit room to several banks to lend

7 September 2022

 The State Bank of Vietnam (SBV) on September 7 raised credit growth quotas for several banks, paving the way for these lenders to make new loans for clients.

Four banks with State stakes, including Vietcombank and Agribank, and some joint-stock banks are given higher credit growth limits, meaning they can accelerate lending in the rest of the year.

Moody’s upgrades Vietnam’s ratings to Ba2, outlook to stable

6 September 2022

On September 6, 2022, Moody’s Investors Service has upgraded Vietnam’s long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive.

The upgrade to Ba2 reflects the assessment by Moody’s that Vietnam’s economy has growing strengths and greater resilience to external macroeconomic shocks that are indicative of improved policy effectiveness.

Moody’s expects the situation would continue as the economy benefits from supply chain reconfiguration, export diversification and continued inbound investment in manufacturing.

The rating also reflects a sounder fiscal footing backed by contained borrowing costs, a conservative approach to fiscal policy and improved government liquidity, driven by the ongoing transition from external concessional borrowing toward longer-dated, low-cost domestic market financing.

Vietnam forecast to become second-largest economy in Southeast Asia by 2036

21 June 2022

Vietnam is forecast to become the second-largest economy in Southeast Asia after Indonesia and the 20th-largest economy in the world by 2036, according to the World Economic League Table 2022 report by the Center for Economic and Business Research (CEBR).
Credit supply sees two-fold rise

28 May 2022

Total credit supply in 2022 reached over 11 quadrillion VND (474.3 billion USD) as of May 20, up 7.66 percent compared to that at the end of 2021 and doubling the figure recorded in the same time last year, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

S&P upgrades Vietnam’s long-term credit rating to BB+

27 May 2022

S&P Global Ratings on Wednesday upgraded its long-term credit rating on Vietnam to BB+ with a stable outlook on the back of its strong economic recovery and improved government institutional settings. 

This upgrade will help local corporates to raise funding cheaper and easier.

Vietnam on G7 priority list of energy cooperation

23 May 2022

Deputy Prime Minister Le Minh Khai of Vietnam met a number of executives of international organisations and businesses on the sidelines of the ongoing 52nd World Economic Forum in Switzerland to promote connectivity between the government and businesses.

G7 members at their meeting in March 2022 agreed to include Vietnam on its priority list of energy cooperation thanks to the country’s strength in renewable energy.

Large foreign firms interested in Vietnam’s offshore wind power industry

10 May 2022

Some major businesses of Denmark and Norway have expressed their special interest in developing offshore wind power in Vietnam during recent meetings with officials of the Ministry of Industry and Trade (MoIT).

Offshore wind power sees high development potential

3 May 2022

The draft National Power Development Plan for the 2021 – 2030 period with a vision to 2045 (PDP VIII) clarifies the roadmap to cut down coal-fueled power and increase renewable energy sources, especially wind and gas power, offering a good chance for offshore wind power to thrive, according to experts.

Vietnam’s Power Development Plan Draft Incorporates RenewablesReduces Coal

29 April 2022

Vietnam Briefing discusses the draft of the Power Development Plan which incorporates more renewable energy and reduces dependency on coal.

Power generation capacity projected to reach 146,000 MW by 2030
20 April 2022
Vietnam’s power generation capacity is projected to reach 146,000 MW by 2030, according to a Deputy Prime Minister Le Van Thanh’s conclusion at a conference with localities regarding the completion of the National Power Development Plan for the 2021 – 2030 period.
National power development plan VIII targets drastic CO2 emissions reduction

16 April 2022

The latest draft National Power Development Plan for the 2021 – 2030 period, with a vision to 2045 (PDP VIII) has made drastic reduction of CO2 emissions with no new coal-fired power plants to be built in the planning period, and with the switch from coal and natural gas to biomass, ammonia, and hydrogen, according to Deputy Minister of Industry and Trade Dang Hoang An.

Vietnam looks to master technology in renewable energy

2 January 2022

The draft Power Development Planning (PDP) VIII has demonstrated the trend of developing clean and renewable energies in line with commitments to cutting carbon emissions at the 26th United Nations Climate Change Conference.

Capturing the wind: Renewable-energy opportunities in Vietnam

1 November 2021

Investors and developers are exploring Vietnam offshore wind projects as the country executes plans to increase energy capacity using renewable energy sources.

Signing ceremony – Phuoc Huu – Duyen Hai 1 30MW Wind power plant project

29 March 2021

On 22 March 2021, T&T Energy (Phuoc Huu Duyen Hai 1 Wind Power JSC), a member of T&T Group, started constructing the project. The factory has power of 30MW, using fifteen 2-MW wind turbines of Envision. IPC Group was selected to be general EPC constructor.

Vietnam: Key highlights of new draft of national power development plan (Draft PDP8)

13 March 2021

On 22 February 2021, the Ministry of Industry and Trade of Vietnam (MOIT) released the draft proposal for the national power development plan for the period of 2021-2030, with a vision to 2045 (“Draft PDP8”) for public comments. This is the third version of the draft, which the MOIT prepared and updated in February 2021. The draft proposal includes an 843-page main explanatory report, with an addition of 174 pages of appendices.

Vietnam’s Solar Industry: Bright Prospects for Investors

8 March 2021

Vietnam Briefing highlights the recent boom in Vietnam’s solar industry and the future trajectory of solar energy development in the country.

27 January 2021

Many wind and solar power projects are awaiting approval to be added to the list of projects to be developed under the national power development plan.

Vinacomin signed a credit contract on loan syndication worth 1,150 billion VND with Keb Hana Bank

5 October 2020

Vietnam Coal – Minerals Industry Group (Vinacomin) signed a credit contract on loan syndication worth 1,150 billion dong with Keb Hana Bank (Hanoi branch) in Hanoi.

Vietnam’s Fast Capital Solution arranged the acquisition of Song Giang hydropower project

25 December 2019

Nexif Energy just announced the successful closing of a share purchase transaction with shareholders of Song Giang Hydropower JSC where Nexif Energy has acquired 94% of the equity.

Back to top