Tin Thanh Group and Acuity Funding support environmentally friendly growth.

DNHN - Tin Thanh Group and Acuity Funding signed a capital financing agreement on September 25 with a total value of up to USD 6.4 billion.

According to information announced at the signing ceremony, Acuity Funding has committed to funding up to 1 billion USD to support the development of 4 biomass power plants and thousands of hectares of land to grow sorghum in the area. Vietnam's central and southern regions.

Acuity Funding has committed approximately $1.7 billion to finance the construction of a tire manufacturing and truck service factory in South Carolina by Tin Thanh Group in the United States. The plant is anticipated to serve more than one million trucks in the United States to reduce emissions, save money, and transition to renewable energy.

Notably, South Carolina granted Tin Thanh Group land and offered investment incentives totaling more than USD 500 million.

Additionally, approximately $3.7 billion will be used to construct a green hydrogen production facility in South Carolina. According to Tin Thanh Group, the state of South Carolina has granted approval and investment incentives to this company.

The representative of the US Consulate General in Ho Chi Minh City, speaking at the ceremony, emphasized that the signing ceremony represents both recognition of the value Vietnam can contribute to the global economy and the value Vietnam can contribute to the global economy. investment value in the United States.

Mr. Tran Dinh Quyen, Chairman and General Director of Tin Thanh Group, stated in an interview with Tuoi Tre Online that this investment fund is committed to supporting the regenerative ecosystem of businesses and funds. The distribution of funds will be based on the progress of the projects.

In addition, this group plans to construct four biomass power plants in Vietnam, with a combined capacity of 165MW, in Da Nang, Kon Tum, and An Giang.

Bich Sinh t/h