Deeply cultivating the Vietnamese market, Talesun Photovoltaic has once again achieved outstanding results: it has been added to the financing‑eligible lists of three banks and recorded monthly shipments of 70 MW!

Recently, three Vietnamese banks—the Military Bank of Vietnam (MB), the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), and the Tien Phong Commercial Joint Stock Bank (TPBank)—have successively announced investment‑financing programs for photovoltaic projects in Vietnam, with Talesun Photovoltaic listed among the eligible suppliers. This means that projects using Talesun PV modules will find it easier to secure financing and non‑recourse loans from local Vietnamese banks, attracting more large‑scale PV power‑plant developers to procure Talesun modules and thereby boosting both module sales and project‑development activities.

Talesun Photovoltaic has been strategically positioned in the Southeast Asian market for many years, having completed the investment and construction of its battery and module manufacturing facilities in Thailand as early as 2015. Since partnering with Singapore’s LYS Energy Group in May this year to enter Vietnam’s commercial and industrial PV market, Talesun Photovoltaic has steadily expanded its presence there, securing numerous large‑scale contracts and establishing a mature project development framework along with comprehensive EPC services. Backed by high‑quality PV modules and end‑to‑end, reliable power‑plant operation and maintenance, Talesun Photovoltaic recently achieved a new monthly shipment milestone of 70 MW in Vietnam.

The photovoltaic project financing and investment system for Vietnamese banks, recognized by Talesun Photovoltaics, is a bank‑initiated listing framework tailored to the Vietnamese market. It evaluates photovoltaic module suppliers based on “financing reliability”—specifically, whether projects using the supplier’s solar products can secure non‑recourse debt financing from banks—thus serving as a key criterion for inclusion. The system aims to enhance transparency among numerous PV module manufacturers. Financing reliability ratings are determined through a comprehensive assessment that considers factors such as a company’s financial health, performance data from its modules in real‑world projects, and the quality of its product warranties and long‑term reliability.

Currently, high bankability is becoming a scarce resource that PV companies are fiercely vying for. Developers prefer to partner with module manufacturers that offer strong financing value, thereby driving premium pricing in project financings. Three prominent local Vietnamese banks have all included Talesun on their list of eligible financable suppliers, underscoring the widespread recognition in the Vietnamese market of Talesun reliable product quality, comprehensive service system, sound financial performance, and exceptional financing capabilities. To date, Talesun Solar has earned the trust and endorsement of numerous renowned financial institutions worldwide. Since 2017, Talesun Solar has been rated as a Tier‑1 PV module manufacturer by BloombergNEF, with its products backed by material and power warranties from Munich Re, and widely deployed in PV projects across Europe, the Americas, Southeast Asia, and other regions.

As one of the most promising photovoltaic markets in Southeast Asia, Vietnam has long been a key destination in Talesun Photovoltaic’s international expansion strategy. Being included on the list of eligible borrowers by three prominent local Vietnamese banks is a strong endorsement of Talesun cutting-edge technology, reliable product quality, and sound financial health. Moving forward, Talesun Photovoltaic will remain committed to delivering high‑quality PV modules and comprehensive solutions, developing localized PV projects that combine technological innovation, a strong brand reputation, efficient products, and robust construction and financial support. By providing superior products and services, we aim to maximize the value of solar power plants, creating greater value and returns for our investors.

Introduction to the Military Bank of Vietnam (MB)

Throughout its establishment and development, the Military Bank of Vietnam has, under the leadership and guidance of the Central Military Commission and the Ministry of National Defense, as well as with the strong support and assistance of relevant agencies, continuously enhanced its operational quality and strived to deliver the highest‑quality banking products and services to its customers. It has made significant contributions to economic organizations and enterprises across Vietnam’s major provinces and cities, particularly within the banking sector. After nearly 25 years of growth and evolution, the Military Bank of Vietnam has emerged as a diversified financial group, with its parent bank operating numerous branches both in Vietnam and overseas—in Laos and Cambodia. The bank has actively expanded into emerging markets beyond traditional commercial banking, offering a wide array of services and products. Upholding a commitment to sustainable development, MB Bank is renowned for its stability, reliability, and security, enjoying a strong reputation within the financial industry.

Introduction to the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)

VietinBank, a state-owned bank in Vietnam established in 1988, ranks first among Vietnam’s banking institutions. It is committed to providing customers with modern, convenient banking and financial products and services that meet international standards. To date, VietinBank has established correspondent relationships with nearly 1,000 financial institutions across more than 90 countries worldwide. The bank is an official member of SWIFT, international credit card organizations, the ASEAN Bankers Association, and the APEC SME Finance Support Group. In 2012, it was recognized by U.S.-based Forbes magazine as the sole Vietnamese company among the Global 2000. At the beginning of 2013, Brand Finance, a renowned UK-based brand valuation firm, officially included VietinBank in its list of the Top 500 Global Banking Brands for 2013, assigning it an A+ rating.

Introduction to Vietnam Vanguard Commercial Joint Stock Bank (TPBank)

Vietnam Vanguard Commercial Joint Stock Bank was established on May 5, 2008, providing customers with effective banking and financial solutions. Backed by advanced technological infrastructure and professional management, TPBank has consistently set trends in modern banking services, striving to become Vietnam’s leading digital bank. TPBank has received numerous prestigious industry awards, including certificates of merit from the Vietnamese Prime Minister and the Governor of the State Bank of Vietnam, as well as accolades such as “Most Innovative Digital Bank in Vietnam” in 2014 and 2015, “Best Retail Bank in Vietnam” in 2015 and 2016, and recognition as Vietnam’s Best Online Bank. Additionally, it holds a B2 credit rating—among the highest levels awarded to commercial banks in Vietnam.