HCMC – Bamboo Capital, whose BCG shares are traded on the Hochiminh Stock Exchange, has signed a strategic cooperation agreement with two Taiwanese firms, Foxlink and Micro Electricity, to develop renewable energy.
Under the agreement, Bamboo Capital Group, Foxlink, and Micro Electricity will establish a joint venture in Singapore by the end of June next year.
This company will serve as a platform to develop advanced technologies, such as Energy Storage Systems (ESS), Energy Management Systems (EMS), and Energy Blockchain Technology (EBT).
The three parties will choose a suitable renewable energy project from Bamboo Capital’s investment portfolio to establish a pilot model for operating and maintaining photovoltaic (PV O&M) systems and smart energy management systems (EMS), with an estimated capacity of 100 to 300 MWp.
They will also promote carbon credit services and international renewable energy certificates (IREC).
In the first phase of collaboration, Bamboo Capital Group, Micro Electricity, and Foxlink will focus on developing the joint venture and implementing green energy solutions, particularly projects under the direct power purchase agreement (DPPA) mechanism, to meet the growing demand for green energy in the high-tech industry in Vietnam.
Closing the trading session today, December 11, BCG inched up by 0.78% day-on-day to VND6,450 per share, with 8,569,400 shares changing hands.
On the southern exchange, the VN-Index of the Hochiminh Stock Exchange lost 3.21 points, or 0.25% versus the previous session, at 1,268.86 points, with 244 decliners and 145 advancers.
Around 627.5 million shares, valued at VND15.3 trillion, were traded on the exchange, matching yesterday’s volume but rising by 6% in value. Block deals accounted for around VND3.5 trillion of the total value.
VCB declined by 1.27% to VND93,300 per share, with 1.61 million shares traded, pulling the overall index down by more than 1.6 points.
Five bank stocks were among the top 10 most actively traded on the HOSE today. SHB topped the list with 31.68 million shares, followed by HDB with 14.9 million, VPB with 13.26 million, TCB with 10.34 million, and ACB with 8.83 million shares.
On the northern exchange, the HNX-Index fell by 1.06 points, or 0.46%, against the previous day, at 228.18 points, with 56 winners and 78 losers. Around 55.1 million shares worth VND1.1 trillion were transacted, up by 6% in volume and down by 4% in value against the previous session.
