State investment credit contract signed between VDB's area branch of Quang Ngai - Binh Dinh and Quang Ngai electricity Company

31/03/2025 12:03

On March 27, 2025, in Quang Ngai City, VDB’s area branch of Quang Ngai - Binh Dinh and Quang Ngai electricity Company have signed a State investment credit contract to finance Quang Ngai electricity Company’s projects.

 

According to the contract, a VDB’s credit commitment up to VND 39 billion has been reserved to Quang Ngai electricity Company with 10 years tenor and 02 years of grace period. At the signing ceremony, representatives of the two sides engaged to respect terms and conditions fixed by the contract, to enhance information exchange and close coordination throughout disbursement and debt collection process, respect project schedule, put the project into operation, to use loan proceeds for the right purpose and fully repay the principal and interest. Two parties also expressed their belief in the project’s effectiveness being a premise to open up new opportunities for cooperation and development between Quang Ngai electricity Company and VDB’s area branch of Quang Ngai - Binh Dinh in the coming time./.

 



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