ACCIONA brings advanced technologies from Spain to Vietnam

ACCIONA extended its global presence to Vietnam

Spain-based ACCIONA officially entered Vietnam on October 17, 2019 in Ho Chi Minh City. This enterprise is known for investing in the planet by finding ways to create clean energy, reduce pollution and plastic consumption, and ensure universal access to clean water. It carries out business driven by the principle of contributing to the economic and social development of the communities in which it operates.

ACCIONA sees extraordinary potential in the Vietnamese market. Its economic recovery, history, current situation, and future prospects show that the market is just one of the many things that make this country stand out.

Vietnam has become one of the fastest-growing economies in the region over the last 30 years, with future GDP growth forecasts above 6 per cent and competitiveness indicators improving every year. Additionally, according to PricewaterhouseCoopers, Vietnam is projected to be among the Top 20 economies in the world and Top 10 in Asia by 2050.

However, the attraction of Vietnam goes far beyond its economic and trade indicators. Luis Castilla, CEO of the infrastructure division at ACCIONA, said, “What really convinced us to come to this country was that ACCIONA’s vision for the future is the same as Vietnam’s. I am talking about Vietnam’s commitment to increase its installed renewable energy capacity; its goal to increase the long-term sustainability, durability, and effectiveness of its water services; and of course, its clear intention to promote sustainable infrastructure. All of these objectives have led us to see Vietnam as a long-term market, and that is why we feel so proud to be here today and look upon this country as a new home.”

Maria Jesus Figa Lopez Palop, Spanish Ambassador to Vietnam, said at the event, “Bilateral relations between Vietnam and Spain have been deepening and growing since last year, when the trade turnover amounted to more than $3 billion. It is an impressive figure as we started from a very small amount. The success came from both small and big companies which made their first steps in Vietnam. The presence of ACCIONA, one of the biggest groups in Spain, is expected to make a crucial contribution to Ho Chi Minh City as well as Vietnam. As a representative of the Spanish government, we are proud to say that ACCIONA is here and we are working with the Vietnamese government to fight for a better life for local citizens.”

As part of its growth strategy in the Southeast Asia region, ACCIONA has arrived in Vietnam in late 2019.

ACCIONA’s entry to Vietnam shows that the country’s infrastructure sector has an upbeat outlook in attracting foreign capital. ACCIONA has a team of extremely qualified professionals with outstanding technical experience who will bring to Vietnam a remarkable legacy. In the coming years, ACCIONA will work closely with Vietnamese partners to join infrastructure projects, such as bridges, airports, metro, ports, hospitals, renewable energy plants, and water plants.

The Putatan water treatment plant in the Philippines

Founded in 1931, ACCIONA is present in more than 40 countries around the world, with a team of more than 40,000 professionals recognised for their outstanding technical expertise. It is seen not as a renewable energy company or a construction company, but as a provider of sustainable infrastructure solutions. Innovation and the use of pioneering technology are the hallmark of ACCIONA’s projects.

In Southeast Asia, the company has developed key international flagship projects. ACCIONA has completed projects in Hong Kong, Malaysia, and the Philippines. The latest project that ACCIONA has been awarded in the Philippines is Cebu Bridge and the company has recently completed Putatan water treatment plant which serves clean water for 6 million local people.

ACCIONA, one of the biggest international contractors, can add value to its projects throughout their experience, expertise, and background. The company aims to become a long-term partner in Vietnam, working towards the development of sustainable infrastructure projects with a focus on the procurement of water and transport infrastructure to benefit present and future generations.