Vu Phong Energy Group > News & Event > Vu Phong News > Celebrating 15 years of Vu Phong Energy Group

On February 27, 2024, Vu Phong Energy Group officially celebrated the 15th anniversary, a significant milestone in the mission journey of “Develop clean energy for the green environment and sustainable development”.

The anniversary ceremony, themed “New Position – New Motivation”, was attended by over 100 guests, including strategic shareholders, partners, customers… and the entire Vu Phong Energy Group team. It was a special occasion to reflect on 15 years of development, while aiming for the next phase in the company’s hundred-years vision for clean energy.

The green journey of Vu Phong Energy Group began with the establishment of Vu Phong Solar Joint Stock Company on February 27, 2009, in Binh Duong. From a startup company with a few members, pioneering in the early days of the market, Vu Phong grew steadily and firmly, becoming a leading enterprise in the renewable energy sector in Vietnam. A series of large-scale projects undertaken by Vu Phong Energy Group affirmed our outstanding capabilities as a provider of EPC (Engineering, Procurement, and Construction) and O&M (Operations & Maintenance) services.

Vu Phong Energy Group also produces renewable energy equipment with 100% “Make in Vietnam” solar panel cleaning robots to serve O&M activities. Pioneering in promoting localization in the renewable energy sector, Vu Phong Energy Group was honored to become the first renewable energy company to receive an Investment Registration Certificate from the Board of Management of Saigon Hi-Tech Park (SHTP) to build a Renewable Energy Equipment Manufacturing and Research Center in the High-Tech Park.

The perspective of Vu Phong Tech Renewable Energy Equipment Manufacturing and Research Center Project in Saigon Hi-Tech Park, Ho Chi Minh city.

Since late 2019 and early 2020, Vu Phong Energy Group has pioneered the implementation of the Power Purchase Agreement (PPA) model, with the cooperation of many international investment funds. This is considered an optimal solution to help manufacturing enterprises in Vietnam use solar power without any initial investment. With the PPA model, Vu Phong’s green journey becomes even more meaningful when we accompany the green transition of more large enterprises, including many companies listed in the Top 500 largest companies in Vietnam – VNR500.

In addition to our role as an EPC contractor and a professional O&M service provider, Vu Phong Energy Group is increasingly asserting our capacity and reputation as an investor and developer of renewable energy. A series of international awards, such as the C&I Energy South East Asia Leadership Awards 2022, The Asian Power Awards 2021, The Solar Future Awards 2021… are clear evidence of the company’s efforts and maturity.

The solar power system implemented by Vu Phong Energy Group at Vinamilk’s Vietnam Dairy Factory – a long-standing member of the Top VNR500 Enterprises

In the trend of sustainable development and digital transformation – green transformation, Vu Phong Energy Group is making efforts to continue our journey, such as adding many solutions to accompany carbon-neutral businesses and sustainable development, such as renewable energy certificates; emission reduction certificates, ESG practice consulting… through our subsidiary VP Carbon.

Sharing at the 15th-anniversary celebration of the company’s establishment, Mr. Phong, Pham Nam – Chairman of the Board of Directors of Vu Phong Energy Group – emphasized the new motivation for the next journey of Vu Phong Energy Group: motivation in the role of investor – developer – asset manager of renewable energy projects, motivation in the role of ESG consulting firm, and motivation from research and development in the renewable energy ecosystem. Vu Phong Energy Group will also develop a new vision and position, aiming to become a leading professional solar project developer not only in Vietnam but also in Southeast Asia. Vu Phong Energy Group’s international journey took the first steps in 2023 and will be further accelerated in the next journey.

“For the 2024-2029 period, Vu Phong Energy Group aims to continue developing the renewable energy ecosystem and carbon-neutral solutions; expanding investment cooperation – especially enhancing capital mobilization from international investment funds – with the PPA (Power Purchase Agreement) model. Vu Phong Energy Group will expand to the Southeast Asia region, after Vu Phong Singapore was established in 2023 and successfully raised capital. Vu Phong Energy Group also aims to become a public company and be listed shortly and will also start the Vu Phong Tech Renewable Energy Equipment Manufacturing and Research Center at Saigon Hi-Tech Park in Ho Chi Minh City to operate with a global vision” – Mr. Phong, Pham Nam announced.

Below are some photos from the ceremony celebrating the 15th anniversary of the establishment of Vu Phong Energy Group:

Mr. Phong, Pham Nam – Chairman of the Board of Directors of Vu Phong Energy Group – shares about new growth motivation for the period 2024-2029

Mr. Tri, Nguyen Quang – General Director of Vu Phong Energy Group – sent his gratitude on the 15th anniversary of the Company’s founding

Mr. Thinh, Bui Van – Chairman of Binh Thuan Wind and Solar Energy Association – shared at the ceremony

The Board of Directors and several members of the Board of Directors and strategic shareholders raised a glass to celebrate the 15th anniversary of the establishment of Vu Phong Energy Group