VDB and EVN: MOU's signing ceremony to finance state investment credit capital for 2024-2030
15/08/2024 12:08
On August 12, 2024, in Hanoi, Vietnam Development Bank (VDB) and Vietnam Electricity Group (EVN) have held a MOU signing ceremony of a MOU on financing state investment credit. VDB’s General Director Dao Quang Truong and EVN’s General Director Nguyen Anh Tuan signed the MOU.
The MOU is a framework of general basic principles for EVN and VDB to negotiate and sign credit contracts to finance State investment credit capital for specific projects in compliance with the laws and internal regulations of two parties. Both VDB and EVN commit to be comprehensive partners and wish to cooperate in their capacity, fit to their business strategy and strength.
According to the MOU, for the period 2024-2030, total financing amount expected for EVN’s (ones on the list of priority for investment related to the National Power Development Plan period of 2021 - 2030, with a vision to 2050) is about VND 50.000 billion. Specific need, ways of financing, and loan amounts follow the investment projects will be determined by competent authorities approval and by VDB's appraisal in compliance with current regulations of the Law on management of investment credit capital and of VDB./.