VDB - Da Nang Branch provides financing for Tra Leng 2 Hydropower Project
12/06/2026 12:06
On June 8, 2026, the Da Nang Branch of Vietnam Development Bank (VDB) held a signing ceremony for a credit agreement to provide State investment credit financing for the Tra Leng 2 Hydropower Project, developed by Tra Leng Energy Development Joint Stock Company.
Under the agreement, VDB – Da Nang Branch will provide a loan of VND 475 billion for the project, with a maturity term of 17 years. The Tra Leng 2 Hydropower Project is the third project to receive State investment credit financing from VDB’s Da Nang Branch in 2026.
Once operational, the project is expected to generate approximately 64.57 million kWh of electricity annually for the national power grid. In addition to helping meet local demand for electricity for both industrial and household consumption, the project is expected to contribute to State budget revenues and promote socio-economic development in the region./.