Boviet Solar

Under Review

🌍 Vietnam / United StatesHo Chi Minh City, Vietnam (US office: San Jose, CA)Solar PanelsSubsidiary of Boway Alloy (SHE: 601137)

Last verified: 2026-04-22

Risk Summary

Country RiskMediumHQ in Vietnam / United States

Entity List ExposureLowNot on any lists

Ownership RiskLowSubsidiary of Boway Alloy (SHE: 601137)

Domestic AlternativeLow11 allied/US options available

Entity List Screening

ListAgencyStatusYear

BIS Entity ListBureau of Industry and SecurityNot Listed2026

OFAC SDN ListOffice of Foreign Assets ControlNot Listed2026

DOD Section 1260HDepartment of DefenseNot Listed2026

UFLPA Entity ListCustoms and Border ProtectionNot Listed2026

SEC DisclosuresSecurities and Exchange CommissionNot Listed2026

IRS FEOC GuidanceInternal Revenue ServiceNot Listed2026

Ownership Structure

Boway Alloy Group (Chinese parent, publicly traded in Shenzhen)

🌍 Vietnam / United StatesIndividual / Shareholder

Boviet Solar

🌍 Vietnam / United StatesManufacturer

Source: SEC filings, stock exchange disclosures, corporate registry data. Ownership percentages reflect most recent available disclosure.

Compliance Assessment

Vietnamese-headquartered but Chinese parent company (Boway Alloy). FEOC status depends on whether Chinese parent constitutes controlling ownership under IRA definitions.

Key Factors

Headquartered in Vietnam / United States, a covered nation under FEOC rules
Ownership: Subsidiary of Boway Alloy (SHE: 601137)
No current US domestic manufacturing operations
Not listed on any federal entity lists
Vietnamese solar manufacturer with Chinese parent company. FEOC status requires careful review of ownership structure.

Products & Equipment

TOPCon solar modulesBifacial solar modulesMono PERC modules

Manufacturing in Vietnam. No US facility.

Clean Alternatives in Solar Panels

Allied-nation manufacturers in the same product category

First SolarClean

🇺🇸 United StatesUS Mfg

Meyer Burger TechnologyClean

Mission Solar EnergyClean

🇺🇸 United StatesUS Mfg

Aptos Solar TechnologyClean

🇺🇸 United States

Data Sources

IRS FEOC guidance
Company disclosures
AD/CVD investigation records

This information is for reference only and does not constitute legal advice. Compliance determinations should be verified with qualified legal counsel. Entity list data is sourced from publicly available federal databases and may not reflect the most recent updates.