On 16 July 2026, The Investor reported that Verdant Vietnam Crystal raised VND224.6 billion through a 15-year bond issue to invest in rooftop solar projects in Vietnam.
Source article: Singapore firm raises $8.6 mln in bonds to finance rooftop solar projects in Vietnam
On 16 July 2026, The Investor reported that Verdant Vietnam Crystal successfully raised VND224.6 billion (about $8.55 million) through a 15-year private bond issue. The deal included 2,246 bonds coded VEV12601 with a face value of VND100 million each, and the full placement was completed on 30 June.
The bonds carry a fixed annual coupon of 6.95% and include an early redemption clause. According to FiinRatings, GuarantCo acted as the guarantor. The proceeds will be used to invest in a portfolio of rooftop solar projects in Vietnam during 2026.
FiinRatings also said Verdant Vietnam Crystal aims to expand its rooftop-solar portfolio to 47 MWp during 2026-2027. The company currently operates three systems with a combined capacity of 15.8 MWp in industrial parks in Dong Nai, Nam Dinh, and Thanh Hoa. It was established in October 2024 and reported VND14.5 billion in revenue and VND2.9 billion in after-tax profit in 2025.
