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T&T Group, US partner reach deal in renewable energy in Vietnam

The T&T Group on September 21 signed several MoUs and contracts with US partners within the framework of President Nguyen Xuan Phuc’s working trip to the US.
T&T Group, US partner reach deal in renewable energy in Vietnam ảnh 1At the signing ceremony between firms of Vietnam and the US (Photo: VNA)
Hanoi (VNA) – The T&T Group on September 21signed several MoUs and contracts with US partners withinthe framework of President Nguyen Xuan Phuc’s working trip to the US.

The Vietnamese firm inked an MoU with UPC Renewables on working together inoffshore and nearshore wind and solar power projects in several provinces in Vietnam with a combined capacity of nearly 1,500 MW and total investment of about 2.5billion USD.

T&T Group also sealed two deals in buying animal feed materialstotalling 525 million USD.

Accordingly, its agricultural arm T&T Agri willimport 1.25 million tonnes of materials worth 450 million USD from The Delong Company next year. The other is an agreement in principle valuing at 75 million USD peryear also between T&T Agri and US firm Valero.

Meanwhile, the group's pharmaceutical arm, T&T Pharma reached a deal worth 23 million USD to be the sole distributor of Nutraceuticals dba Au Naturel, Inc for five years.

The deal followed numerous contracts that T&T Pharma had earlier reached with European partners inclinical trial, procurement and technology transfer for the production of COVID-19vaccine and Real Time RT-CPR test kits./.
VNA
#T&T Group #US partners #President Nguyen Xuan Phuc #renewable energy #COVID-19 vaccine #Vietnamplus #vietnam news agency
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