The ceremony was attended by Mr. Đào Quang Trường, General Director of the Vietnam Development Bank (VDB), along with the leaders of Hoa Phat Hydropower Joint Stock Company and the Branch’s management.
The Đakrông 5 Hydropower Project, with a designed capacity of 10 MW, has a total investment of nearly VND 377 billion, of which VDB provides a loan of VND 200 billion, while the remaining capital is financed by the company’s equity.
At the ceremony, the General Director of VDB – Nguyen Quang Truong congratulated both parties on their cooperation and highlighted the significant role of State investment credit in supporting enterprises and contributing to socio-economic development, particularly in renewable energy and national energy security. He also emphasized the importance of strict compliance with the commitments and credit terms agreed upon and formalized in the signed agreement.
On behalf of Hoa Phat Hydropower Joint Stock Company, the company’s representative affirmed the commitment to completing the project on schedule, ensuring efficiency, utilizing the loan capital exclusively for its intended purposes, and meeting all repayment obligations in accordance with the credit agreement between the two parties. The company also expressed its expectation of VDB’s continued partnership and support in future projects as part of its long-term development strategy./.