China’s solar firm plans US$400mil Vietnam plant after US sanctions

Trina Solar’s decision came after a tariff evasion investigation into its Thai factory for China-made panels.

Trina Solar’s investment highlights the trend of Chinese companies setting up factories in Vietnam to sidestep US-China tensions.

Another person who was involved in discussions with the company said Trina had flagged US$600 million in possible investment in Vietnam. The tariffs, which are due to come into effect from the middle of next year, only impact Trina’s Thailand operation so far, but the widespread practice of Chinese firms setting up facilities in Southeast Asia for export to the US remains under close scrutiny.

China is the second biggest foreign investor in Vietnam this year, pouring into its neighbour from January to mid-August US$2.7 billion, or more than five times the value of investments by US companies during the same period, according to Vietnamese government data.Trina has two plants in Vietnam: one began making silicon wafers last month with an expected annual output of 6.5 gigawatts , and another one that produces solar cells and panels.

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