Quang Binh has identified industrial development as a game changer for the central province, enticing investment into power production, renewable energy, and processing and manufacturing.
VIETNAM BUSINESS NEWS JULY 3 vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.
EVN permitted to exceed loan ceiling to develop Quang Trach 1 Thermal Power Plant 13:32 | 02/04/2021
The prime minister has allowed Vietcombank to provide a loan exceeding the statutory ceiling for Electricity of Vietnam to develop Quang Trach 1 Thermal Power Plant.
EVN was permitted to take up a special loan for Quang Trach 1 Thermal Power Plant (Illustration: Vinh Tan 1 Thermal Power Plant)
Quang Trach 1 Thermal Power, invested by Electricity of Vietnam (EVN), has a total investment capital of VND42.02 trillion ($1.83 billion). It will require loans of VND27.1 trillion ($1.18 billion), which will be arranged by Vietcombank after Vietinbank, BIDV, and Agribank have withdrawn.
Previously, EVN has been hard-pressed to mobilise loans because according to regulations, Vietcombank cannot issue loans exceeding 15 per cent of its equity. Meanwhile, EVN cannot mobilise loans exceeding 25 per cent of its equity, imposing an upper limit of VND37.4 t