Offshore wind power projects in Vietnam must have the participation of domestic enterprises with at least 5% of chartered capital or voting shares of the company that implements such projects.
The “domestic enterprises” must be wholly state-owned enterprises (SOEs) or firms with SOEs holding more than a 50% stake.
The above regulations are mentioned in the government’s Decree 58/2025 on renewable and new energy, effective from March 3, 2025.
Another requirement for foreign investors is that they must have experience in investing and developing at least one offshore wind power project that is operational in Vietnam or in the world.
“Experience” includes direct investment, contributing a minimum 15% of the project’s total investment capital, and the ratio of equity to capital contribution being at least 20%.
If not contributing capital, the foreign investors must be a unit performing one of the following activities: project management or design or construction.
In case the project investor is a consortium, “experience” is the total experience of the consortium members.
They must also commit to utilizing domestic supplies (workforce, service, products) during their investment, construction and operation, on the basis of ensuring competitiveness of prices, quality, schedule, and available capability.
Vietnam currently has no offshore wind power projects. The country targets to add 6,000 MW of offshore wind power to its masterplan by 2030 and put the related projects into operation in 2030-2035, Deputy Minister of Industry and Trade Nguyen Hoang Long said last week. The target is 113,503-139,097 MW of offshore wind power by 2050, he added.
German renewable energy developer Pure New Energy’s (PNE) $4.6 billion Hon Trau wind power project in Vietnam’s south-central province of Binh Dinh has recently been re-classified as a nearshore wind power project.
Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, entered Vietnam in 2019 with the 3.5 GW La Gan offshore wind farm project in Binh Thuan province as its first project.
Good Way Technology, a Taiwan-based original design manufacturer (ODM) specialized in computing and mobile peripherals, will invest $15 million more in Vietnam.
In a recent filing with the Taipei Exchange (TPEx), Good Way Technology said it would invest $15 million in Good Way Cayman and then reinvest the entire amount in its sub-subsidiary Good Way Technology Vietnam.
The construction site of Good Way Technology factory in Thai Binh province, northern Vietnam. Photo courtesy of Lao Dong (Labor) newspaper.
The purpose of the move is “long-term investment,” according to the filing.
Good Way Technology Vietnam received an investment certificate for the project in October 2023. In February 2024, it kicked off the construction of a $45 million factory in the northern province of Thai Binh.
The factory, located in the Lien Ha Thai Industrial Park, will manufacture peripheral devices like USB connectors for computers. It will have an annual capacity of 3.7 million items.
Construction of the project’s first phase is scheduled for completion in Q3/2024, enter trial production the next quarter and start official production in Q1/2025.
Corresponding times for the second phase will be Q4/2026, Q1/2027 and Q2/2027.
NEW YORK, March 15, 2025 /PRNewswire/ — In an extraordinary achievement, Winner Medical has reached a significant milestone by selling over 12.9 billion pieces of its innovative Winner 100% cotton face towels globally in 2024. These ultra soft face towels are designed to improve skin health and have proven effective in reducing allergies and redness within just four weeks of use. This solidifies the company’s position as the pioneer of 100% cotton face towels globally.
Part of this sales growth stems from a shift in consumer habits. A study found that 71% of people experience sensitive skin to some extent. Increasing awareness of sensitive skin issues in many countries, including the US, has boosted demand for products designed for sensitive skin. This trend includes a shift towards using gentle cleansing products and supplies. As a result, traditional towels, now often perceived as breeding grounds for millions of microbes even when they appear clean, are being replaced by softer cotton towels that are gentler on sensitive skin.
100% Cotton Disposable Face Towel, Ultra Clean, Ultra Soft.
Winner Medical’s patented cotton spun-lace nonwoven technology, derived from advanced medical innovations, is the key to creating the Winner 100% cotton face towels. The exclusive use of natural cotton fibers further enhances the quality of the face towels, delivering a gentle and refreshing face-cleansing experience to users.
Renowned for their exceptional moisture, softness and absorption, natural cotton-made face towels serve as an eco-friendly alternative to synthetic materials and paper products, which often contribute to deforestation. This sustainable choice ensures that quality remains uncompromised, offering superior skincare benefits while being biodegradable and environmentally friendly.
Each Winner 100% cotton face towel provides an ultra-soft experience. The indulgence of pure cotton gently caresses the skin, ensuring a refreshing and gentle cleanse with every use, which has garnered acclaim for its effectiveness in improving skin conditions such as dryness and irritation.
Professional Assessments and Customer Feedback Validate Performance
Professional evaluations have underscored the efficacy of the Winner 100% cotton face towels. Clinical report from PULYN Research institute reveals substantial enhancements following the use of the product. Notably, after four weeks (or 28 days) of use, there is a reduction in skin damage, exceeding 33%, alongside a decrease in irritation scores by around 30%. The improvement rate for redness is particularly impressive, standing at 84%, while dryness scores show an enhancement of over 72%. These statistics underscore the product’s potential to enhance skincare routines, offering a more effective approach to addressing common concerns during skin cleansing.
In addition to professional evaluations, consumer feedback reflects high satisfaction levels.
Users have praised the performance of these disposable face towels, noting their thickness and ease of use, which help prevent bacterial contamination post-wash—crucial for acne-prone skin types. Another long-term user commended that the extra-large size ensures comprehensive coverage for cleansing while highlighting the towel’s soft texture that efficiently removes impurities without harshness.
As Winner Medical continues to innovate within the healthcare sector, its focus remains on providing products that combine sustainability with high efficiency. The company anticipates maintaining growth trends as more consumers become aware of the benefits offered by using all-natural, single-use cotton face towels.
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