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Vietnam and EIB strengthen financial cooperation

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Efforts are underway to deepen financial ties between Vietnam and the European Investment Bank.

On March 13, Deputy Minister of Finance Nguyen Duc Chi met with Nicola Beer, vice president of European Investment Bank (EIB), along with senior leaders from EIB at the Ministry of Finance headquarters in Hanoi.

Vietnam and EIB strengthen financial cooperation
The meeting overview. Photo: thoibaotaichinhvietnam.vn

The two sides discussed matters related to an MoU on financial support for achieving the goals of the Political Declaration on establishing the Just Energy Transition Partnership (JETP) with Vietnam. This MoU will provide the bedrock for both sides to commence negotiations for a framework agreement.

To date, the negotiations have not yet progressed because the EIB has not yet sent the necessary draft framework agreement.

The MoF has therefore suggested the EIB reconsider not specifying particular projects eligible for the €500 million funding. Instead, the framework agreement should only outline priority areas for the potential funding in the framework agreement, allowing EIB to complete the draft framework agreement earlier, paving the way for negotiation.

The deputy minister also requested that the EIB clarify the EU’s form of aid for projects to be funded by the EIB and provide specific lending terms.

Additionally, the deputy minister proposed that the EIB and Vietnam sign a new-generation official development assistance agreement with larger financial scale, more favourable interest rates, simplified procedures, and less stringent conditions.

During the meeting, Deputy Minister Chi declared Vietnam’s strong commitment to green transformation and energy transition.

EIB vice president Nicola Beer stated that as a leading global bank, EIB has forged financial cooperative relations with Vietnam since 1997, supporting infrastructure construction, environmental protection, and energy development in the country.

She stressed that with its ability to raise funds from EU countries and financial institutions, the EIB was willing to assist Vietnam through specific projects.

The EIB executive also proposed that Vietnam stimulate private businesses to participate in projects benefitting from the €500 million fund to achieve the goals set in the JETP Declaration.

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Jones Day adds Corporate partner Frank Voon in Hong Kong

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The global law firm Jones Day today announced that Frank Voon has joined the Firm as a partner in its Corporate Practice.

HONG KONG, March 17, 2025 /PRNewswire/ — The global law firm Jones Day today announced that Frank Voon has joined the Firm as a partner in its Corporate Practice. He is based in Jones Day’s Hong Kong Office.

Frank Voon
Frank Voon

Voon has more than 20 years of experience advising on complex, cross-border M&A and private equity transactions across multiple industries, including automotive, healthcare and life sciences, mining and energy, real estate, and technology. He is a Hong Kong SAR- and Australia-qualified lawyer, and he has worked with both multinational corporations and state-owned entities on their investments into and out of Asia. Voon has led deal teams advising a U.S. private equity fund on its RMB2 billion foray into the PRC logistics real estate sector, a Tokyo-listed company in the acquisition and development of chemical manufacturing operations in China, and an Indian conglomerate in the acquisition of a Japanese automotive parts manufacturer.

“Frank has led high-stakes corporate deals throughout the Asia-Pacific region and is recognized as a go-to lawyer for complex, cross-border transactions in the life sciences, real estate, automotive, and manufacturing industries,” said Andy Levine, Co-Leader of Jones Day’s Corporate Practice. “His legal skills and client-centric approach in M&A and PE is a welcome addition to our impressive team in Asia, and we are delighted to have him joining Jones Day.”

At Jones Day, Voon joins the Firm’s global Corporate Practice, which encompasses M&A and Private Equity. In the last five years, Jones Day has advised clients on more than 3,000 M&A transactions collectively valued at $1.5 trillion.

“While certain global legal practices are withdrawing from Mainland China and Hong Kong, the fact that a lawyer of Frank’s stature is joining us at this time highlights our dedication to the professional and commercial sectors in this region,” said Joelle Lau, Partner-in-Charge of Jones Day’s Hong Kong Office. “With our Hong Kong presence established almost four decades ago and with 10 locations across Asia-Pacific, we are committed to supporting clients throughout this region. I am thrilled that Frank has decided to join Jones Day and know he will be an incredible asset to our clients here.”

Voon’s arrival comes on the heels of the recent addition of Ming Kong, a U.S. trained capital markets partner to Jones Day’s Hong Kong Office. Kong has an impressive track record of guiding companies in Greater China through their most critical milestones, from pre-IPO financing through listing and beyond. He acts as the lead drafting counsel representing industry-leading companies in connection with a wide variety of capital markets transactions, including some of the most high-profile and high-value deals in the market. The Firm also added a Corporate partner in Singapore, Parveet Singh, who steers clients through complex, high-stakes, cross-border deals in Asia Pacific as well as on outbound transactions into the United States and Europe proposed.”

Voon has been recognized by Chambers and Partners’ Global and Greater China Region guides for Corporate/M&A lawyers, by The Legal 500 Asia Pacific as a “Recommended Lawyer” and by Best Lawyers for Project Finance and Development in China.

“This is a thrilling time to be joining Jones Day’s deep and globally integrated bench of attorneys,” said Voon. “I am excited to have the opportunity to build on the firm’s impressive achievements in the Asia Pacific region, and I look forward to helping support our clients in achieving their strategic goals in the increasingly complex transactional and regulatory landscape.”

Jones Day is a global law firm with 2,500 lawyers in 40 offices across five continents. The Firm is distinguished by: a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.

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Create the Future: Elegoo Celebrates 10 Years and Prepares New Offerings for Global 3D Printing Community

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Elegoo, a rapidly developing brand in global smart manufacturing, is celebrating its 10th anniversary with the theme “Thrive, Empower, Next”.

SHENZHEN, China, March 15, 2025 /PRNewswire/ — Elegoo, a rapidly developing brand in global smart manufacturing, is celebrating its 10th anniversary with the theme “Thrive, Empower, Next”. This milestone moment is packed with exciting events, sneak peeks at upcoming products, and a heartfelt thank-you to the incredible community that has been part of its journey.

Elegoo celebrates 10 years and prepares new offerings for its global 3D printing community.
Elegoo celebrates 10 years and prepares new offerings for its global 3D printing community.

Thrive: a decade of thriving innovation

Since its founding in 2015, Elegoo set out with a clear mission: to provide unique and smart creative spaces for everyone. What began with the introduction of Arduino STEM kits quickly evolved as the brand relentlessly pushed forward, expanding its reach into the world of 3D printing. This journey led to the creation of the groundbreaking Centauri Carbon, a product that has made waves and cemented its place as a game-changer in the industry. Most recently, Centauri Carbon won the iF DESIGN AWARD 2025, highlighting its innovation and design excellence.

Today, Elegoo has established itself as a trusted name, with millions of products sold across more than 90 countries and regions, earning a global fanbase for its reliability, exceptional performance, and commitment to continuous improvement. To further engage and support its growing community, Elegoo has also launched a worldwide brand ambassador program, uniting passionate creators to inspire and empower fellow makers.

Empower: empowering creators and makers worldwide

Starting March 16, Elegoo will launch My ELEGOOD Moment, a community-driven initiative inviting users to share their most memorable experiences with Elegoo. Whether it’s an inspiring project, a game-changing 3D print, or a story of how Elegoo made life better, these moments will be highlighted across social media. Users whose stories are featured will have a chance to win flagship printers like the Centauri Carbon and Saturn 4 Ultra 16K, along with other exclusive rewards. Additionally, a community-focused design contest is coming soon, with full details to be announced in the coming weeks.

Next: together, on the journey to the next chapter

At RAPID + TCT this April, Elegoo will debut its latest 3D printer, Jupiter 2, alongside the Centauri Carbon and other new offerings. And this is just the beginning; more exciting products and events are set to launch later this year. As Elegoo enters its next decade, it remains committed to driving innovation, empowering its global community, and exploring the future of 3D printing.

“When we started, we had a bold vision – to create the future with smart manufacturing. What began as an idea has transformed into a thriving company, empowering creators and enhancing personalized experiences for countless individuals,” says Chris Hong, Founder and CEO of Elegoo. “The 3D printing industry is evolving faster than ever, and we believe that continuously improving our products based on community feedback reflects the attitude a company should have toward innovation. Together, we will keep innovating, dreaming big, and shaping the future of smart manufacturing for the next decade and beyond.”

To celebrate with Elegoo and learn more about the anniversary events, please visit the Elegoo 10-Year Anniversary page for full details.

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Asia Clean Capital Vietnam receives prestigious awards

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Two leaders from Asia Clean Capital Vietnam (ACCV) have been recognised with prestigious awards at Green Finance Week 2025 – Asia Edition. The event, organised by FirstVIEW, a leading global business intelligence company, took place on March 5, 2025, in Singapore.

Asia Clean Capital Vietnam receives prestigious awards and sets ambitious goals for 2025 and beyond
Khanh Le receives the Top CFO Award

Leong Wei Lik, CEO of ACCV, was awarded the Team & Leadership Excellence Award for his exemplary leadership and outstanding contributions, earning him the title of Leader of the Year in Renewable Energy Finance.

Additionally, Khanh Le, ACCV’s chief operations officer, received the Top CFO Award for her exceptional leadership in sustainable finance, significantly advancing renewable energy investments and green infrastructure development in Vietnam.

“We are incredibly proud of Khanh and Leong for their outstanding contributions and leadership,” said Bruce Hicks, chairman of Asia Clean Capital Vietnam. “These awards are a testament to their dedication and the collective efforts of our entire team. We are thrilled to receive this recognition and are dedicated to furthering our contributions to Vietnam’s renewable energy sector. Our commitment to ESG principles remains steadfast, and we are focused on driving growth and positive impact within the community and the nation.”

ACCV is currently focusing on industrial parks, leveraging Direct Power Purchase Agreements to supply large customers. Additionally, ACCV independently develops projects for smaller facilities, ensuring a comprehensive approach to meet diverse energy needs.

With a strong emphasis on high-quality delivery, digital transformation, and customer-centric services, ACCV aims to help businesses transition to cleaner energy sources while meeting sustainability targets. Its goal is to become a leading clean energy solution provider in Southeast Asia and to contribute to sustainable growth in the region.

Asia Clean Capital Vietnam receives prestigious awards and sets ambitious goals for 2025 and beyond

Leong Wei Lik receives the Team & Leadership Excellence Award

ACCV is a subsidiary of Asia Clean Capital, a company committed to advancing renewable energy solutions across Asia. ACCV specialises in financing, developing, and operating solar and wind energy projects in Vietnam, primarily serving multinational corporations and industrial clients including Universal Alloy Corporation Vietnam, Schindler, Mapletree, Motul, Freetrend, and many more.

ACCV excels in Vietnam’s dynamic and competitive renewable energy sector by offering high-quality, innovative decarbonisation solutions across the country.

Focused on carbon reduction and energy efficiency, ACCV invests all project costs and provides comprehensive services, including design, engineering, equipment, government approvals, installation, and long-term operation and maintenance of solar and wind energy, energy storage, and data management systems.

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