The ceremony was attended by representatives of VDB leadership, the leader of Vinh Long Provincial People’s Committee, local departments, and agencies, as well as partners, distinguished guests, and the media.
Under the agreement, VDB Can Tho will provide the State investment credit financing for three key projects: the Hai Phong Wind Power Plants (1,2,3,4) with a total capacity of 435 MW; the Xuan Quang Phu Yen Solar Power Plant with a total capacity of 100 MW; and a large-scale coastal protection and land development project in Thanh Hai Commune, Vinh Long Province, covering 2,000 hectares for industrial, seaport, urban tourism, commercial, and aquaculture development. The total investment capital for all three projects amounts to 83,393 billion VND, with Tan Hoan Cau Thanh Phu Joint Stock Company as the project owner.
The State investment credit will finance up to 70% of the total investment, equivalent to approximately 58,375 billion VND, based on the approved technical and financial documentation of each project. The implementation period will be scheduled from 2025 to 2035. Loan terms will be structured in line with project cash flows and repayment periods of each project.
Speaking at the event, Mr. Nguyen Quynh Thien, Vice President of the Vinh Long Provincial People’s Committee, highly appreciated the cooperation between VDB and the company. He also pledged that the province’s commitment to continue accompanying and supporting them to ensure projects implementation and deliver practical benefits to the community.
The signing of the State investment credit financing agreement between VDB and Tan Hoan Cau Thanh Phu Joint Stock Company marks an important milestone, contributing to the realization of infrastructure, renewable energy, and marine economy development goals in Vinh Long Province. At the same time, it reaffirms VDB’s role in bringing State investment credit policies to businesses and localities./.