ACCIONA, a Spanish company specializing in sustainable infrastructure and renewable energy solutions for nearly 100 years, has set up a subsidiary in HCMC.

Luis Castilla, CEO of the Infrastructure division of ACCIONA, speaks
at the launch of ACCIONA Vietnam on October 17 – PHOTO: MINH THANH

ACCIONA Vietnam’s presence is expected to encourage other Spanish businesses to invest in the country’s potential. The company is carrying out its business activities based upon its commitment to contribute to the economic and social development of the communities in which it operates.

Luis Castilla, CEO of the Infrastructure division of ACCIONA, pointed out the reason behind the company’s decision to open offices in Vietnam.

“Vietnam has made commitments to increase its renewable energy capacity, long-term sustainability, durability and effectiveness of its water services and sustainable infrastructure in the country. All of these objectives have led us to see Vietnam as a long-term market,” he said.

The relations between Vietnam and Spain have grown, as bilateral trade reached more than US$3 billion in 2018, according to Spanish Ambassador to Vietnam Maria Jesus Figa Lopez Palop.

The figure is deemed impressive because the two countries started with very little trade between them. This success comes from small and large Spanish companies, which have taken their first steps in Vietnam.

The presence of ACCIONA, one of the leading Spanish groups, promises to make major contributions to HCMC and Vietnam. This also indicates that the country’s infrastructure is poised to attract more foreign investment.

ACCIONA said it will work closely with its local partners to participate in infrastructure projects focused on the company’s strengths in building bridges, airports, shipping ports, hospitals, renewable energy plants and water purification plants.

It also aims to become a long-term partner in Vietnam, which seeks to develop sustainable infrastructure projects, with a focus on water supply and transportation infrastructure.

Founded in 1931, ACCIONA is present in more than 40 countries and is known for its investments in clean energy, pollution reduction, plastic consumption reduction and universal access to clean water.