Vietnam Dealbook: PV Power to invest $1.5b in new plants, GPBank divests Kim Lien Hotel stake for $25m

Vietnam Dealbook: PV Power to invest $1.5b in new plants, GPBank divests Kim Lien Hotel stake for $25m

Phu My thermal power plant (Source: Internet Archive)

PV Power has received the government’s approval to build two thermal power plants with a total investment of VND33.3 trillion ($1.5 billion) while GPBank has raised over $25 million by offloading its 26.9 per cent stake in Kim Lien Hotel.

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