Trina Solar Invests $400M in Vietnam Plant

• Trina Solar, one of China's leading solar panel makers, plans to invest $400 million in its third factory in Vietnam and could potentially invest up to $600 million in the future. This move follows US investigation into Chinese solar companies' use of Thailand and other Southeast Asian countries for tariff avoidance. Vietnam is now the biggest supplier of solar panels to the US, making up a third of all imports in Q1 of this year.

Chinese solar panel maker Trina Solar is planning to invest $400 million in its third factory in Vietnam. Production is set to begin in 2025, with the potential of a $600 million investment in the future. This follows US Department of Commerce investigation into Trina and other Chinese solar firms who used their plants in Thailand and other Southeast Asian countries to dodge punitive tariffs. Vietnam is the biggest supplier of solar panels to the US, accounting for one third of all US imports in the first quarter of this year. Chinese businesses are increasingly turning to Vietnam to avoid trade tensions between Beijing and Washington.

Will Trina Solar Invest $1 Billion in Vietnam?

• Trina Solar is looking to invest $400 million in its third factory in Vietnam; with the potential for a further $600 million
• Production of the new factory is set to begin in 2025
• Trina Solar is looking to avoid punitive tariffs that have been put in place due to US Department of Commerce investigation
• Vietnam is the largest supplier of solar panels to the United States, accounting for one third of all US imports in the first quarter of this year
• Chinese businesses are increasingly looking to Vietnam to avoid escalating trade tensions between Beijing and Washington
• The total investment from Trina Solar in Vietnam could reach up to $1 billion if the $600 million investment is made in the future