The authorities of Ho Chi Minh City have revealed that the company has approached various industrial parks around the city but is yet to find a location that can accommodate its planned 72-hectare site.

The first choice of location was Ho Chi Minh City High-Tech Park, but the company has also contacted the Tan Phu Trung and Phong Phu industrial parks.

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First Solar’s decision to invest in Vietnam reflects the growing popularity of the country among foreign investors. It has been picked out as one of the most important emerging FDI markets for the next decade, one of the so-called Civets countries (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa), and is already ranked as the third most attractive Asian country for FDI, behind China and India, according to the results of a survey conducted by the Asian Business Council.