Vietnamese, Japanese-funded firms strike strategic partnership in battery energy storage system
VinES, a member of Vietnamese conglomerate Vingroup, and Marubeni Green Power Vietnam, a fully-owned subsidiary of Japan’s Marubeni Corporation, have signed a strategic partnership deal to promote the adoption of battery energy storage systems (BESS) in Vietnam.
At the signing ceremony of the deal between the sides (Photo: VNA)
Hanoi (VNA) – VinES, a member of Vietnamese conglomerate Vingroup, andMarubeni Green Power Vietnam, a fully-owned subsidiary of Japan’s MarubeniCorporation, have signed a strategic partnership deal to promote the adoptionof battery energy storage systems (BESS) in Vietnam.
Under the pact, they will jointly evaluate, invest in,install and operate BESSs at multiple business locations of Vingroup'scompanies to provide an energy saving solution, load balancing, and moreefficient power management. The systems can potentially be integrated into renewable energy systems to accelerate Vingroup's transittion to clean energy.
VinES will be the BESS manufacturer and solution provider for Marubeni in thiscooperation, while Marubeni plans to develop dozens of MWh of BESSs in the firstphase and expects further capacity expansion in the subsequent phases.
VinES is a clean energy solution provider and the only BESSmanufacturer in Vietnam.
In Vietnam’s power sector, Marubeni has been involved in theconstruction and operation of a total of 12 thermal power projects since the 1970sand started a business to supply renewable energy to commercial and industrialcustomers in 2021./.
Two new subsidiaries under the Vietnamese conglomerate VinGroup – the VinES Energy Solutions JSC (VinES) and VinAI Artificial Intelligence Application and Research JSC (VinAI) – have been established with charter capital of 1,000 billion VND (43.68 million USD) and 425 billion VND, respectively.
VinES Energy Solutions (VinES), a member of Vietnamese private conglomerate Vingroup and Li-Cycle Holdings Corp. (Li-Cycle), an industry leader in lithium-ion battery resource recovery and a leading lithium-ion battery recycler in North America, have signed an agreement for a long-term recycling relationship.
The Australian government on May 16 through its Australian Climate Finance Partnership (ACFP), administered by the Asian Development Bank (ADB), granted a technical assistance package to the VinES Energy Solutions JSC (VinES).
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
At the signing ceremony of the deal between the sides (Photo: VNA) 
