On 26th February, 2015, the Vietnam Development Bank’s branch of Ha Giang has signed a credit contract to finance VND 626 billion as state investment credit for Nho Que 1 hydropower project with a maximum maturity up to 12 years and a grace period of 2.5 years.

Located in Dong Van commune (Dong Van district) and Xin Cai, Giang Chu Phin, Thuong Phung, Pa Vi, Pai Lung communes (Meo Vac district),   Nho Que 1 Hydropower Project has designed capacity of 32MW with total investment of nearly VND 993 billion. Once completed, it will provide about 129 Kwh per annum to the local and national power grid. Besides increasing electricity to the province, the project also contributes significantly to national energy security and local socio-economic development.
The credit signing event marked an important milestone of cooperation between VDB and Bitexco Group in general and Nho Que 1 Hydropower Joint Stock Company in particular. It has lead to new cooperation and development opportunities for both parties./.