Sumitomo Corporation’s first hydropower investment project in Vietnam. (Photo: Sumitomo Corporation)
Japan’s trading giant Sumitomo Corporation has made its first investment in hydropower in Vietnam, announcing on Oct. 22 that it has acquired a 49% stake in Mekong Electric Power Engineering and Development JSC, gaining ownership of the Dak Di 1 and 2 hydropower projects located in Da Nang. The move marks a significant step in expanding its energy footprint in Vietnam.
