Eleven Japanese banks, including Mitsui Sumitomo Banking Corp and Japan Bank for International Cooperation (JBIC), will provide a 81 billion JPY (680 million USD) loan for the Electricity of Vietnam (EVN) to build a thermal power plant.
Accordingly, JBIC will supply the majority of the loan with more than 400 million USD while 8 regional banks will lend a combined 100 million USD.
The EVN will use the funds to purchase power-generating equipment from Japan’s Hitachi Company.
Vietnam’s economic growth is driving electricity demand, making power shortages an urgent concern.
In order to create a favourable environment to attract more foreign investment, the Vietnamese government is hastening the construction of power plants.
The Mao Khe thermal power plant
|
Vietnam’s economic growth is driving electricity demand, making power shortages an urgent concern.
In order to create a favourable environment to attract more foreign investment, the Vietnamese government is hastening the construction of power plants.
Other News
- Hanoi DigiTech 2024 connects businesses through digital products
- Hanoi steps up investment promotion
- Hiring multitaskers: Priority for Hanoi companies
- Hanoi seeks partnerships to build skilled workforce for digital transformation
- Hanoi to host Vietnam-Asia Smart City Summit 2024
- Vietnamese spend $8.9 billion on ecommerce
- Hanoi steps up inspections to crack down on unsafe food
- SEMIEXPO Vietnam 2024 to foster growth of semiconductor industry
- Hanoi targets double-digit growth over next decade
- Hanoi's industrial production shows positive growth
Trending
-
Vietnam, China cross-border railway project to start construction in 2025
-
Vietnam news in brief - November 7
-
Vietnam State President to attend APEC in Peru
-
Expatriate workforce in Hanoi: Growth engine requring thorough administration
-
Hanoi seeks partnerships to build skilled workforce for digital transformation
-
Adorable baby hippo wows Hanoi visitors
-
Localizing idols: Vietnam’s shift from Hallyu to homegrown stars
-
Hanoi plans major upgrade for iHaNoi by 2026
-
Berlin Film Festival award-winning motion picture premieres in Vietnam
-
Liên kết hữu ích
- Vay tiền online 24/7 lãi suất 1,33%/tháng
- homepaylater.vn - Mua trước trả sau lãi suất 0%
- https://www.homepaylater.vn - Mua trước trả sau % lãi xuất