November 2024 – Ho Chi Minh City, Vietnam 

FinHero, a leading Malaysian fintech startup, has officially entered the Vietnamese market through a strategic partnership with Solarvest Holdings Berhad, a prominent clean energy solutions provider. The collaboration was formalized during the DEX Connex Vietnam 2024 event, organized by the Malaysia Digital Economy Corporation (MDEC) and supported by the Malaysia External Trade Development Corporation (MATRADE). 

The partnership introduces Powervest 2.0, an innovative solar financing program designed to accelerate the adoption of renewable energy among Vietnamese businesses. Powervest 2.0 offers two flexible financing options: 

- Powerflex: Provides full or partial financing (up to 50%) and allows businesses to co-own the solar system with Solarvest. 
- Powerlease: Enables businesses to lease solar installations and pay for the electricity generated at a negotiated tariff under Vietnam's new Direct Power Purchase Agreements (DPPA) framework. 

By integrating FinHero's fintech platform, the program simplifies the financing application process, allowing businesses to apply online, receive free credit assessments, and obtain expert advice on their solar investments. This integration aims to reduce operational costs and improve processing efficiency for businesses seeking sustainable energy solutions. 

The Memorandum of Understanding (MoU) for this partnership was signed in the presence of Mr. Firdauz Othman, the Consul General of Malaysia in Ho Chi Minh City, underscoring the significance of cross-border collaboration in driving digital transformation and sustainable development within the ASEAN region. 

This initiative aligns with Vietnam's commitment to renewable energy and supports the country's efforts to overcome financial barriers hindering the adoption of solar energy among businesses. With Solarvest's extensive experience in clean energy solutions and FinHero's expertise in fintech, Powervest 2.0 is poised to play a pivotal role in advancing Vietnam's clean energy transition. 
 

Disclaimer 

This article is published by FinHero for informational purposes and reflects the company’s updates, partnerships, and initiatives. All third-party names, logos, and references belong to their respective owners and are used with permission or for descriptive purposes only. Quotes and event details are based on publicly available sources or approved statements. For corrections or clarifications, please contact us at admin@finhero.asia. 

APA References 

Energy News. (2024, November 20). *Vietnam: A Fintech Platform Simplifies Solar Financing for Businesses*. https://energynews.pro/en/vietnam-a-fintech-platform-simplifies-solar-financing-for-businesses/ 

The Electricity Hub. (2024, November 20). *Solarvest and Finhero Unveil Easy Solar Financing for Vietnam*. https://theelectricityhub.com/solarvest-and-finhero-unveil-easy-solar-financing-for-vietnam/ 

TechNode Global. (2024, November 19). *Solarvest partners Finhero to launch Vietnam's first solar financing Fintech solution*. https://technode.global/2024/11/19/solarvest-partners-finhero-to-launch-vietnams-first-solar-financing-fintech-solution/