Business

EVN, German bank discuss loan agreement for hydropower plant project

Vietnam Electricity (EVN) Group and Germany’s KfW Development Bank on July 26 discussed a loan agreement for Tri An Hydropower Plant Expansion Project, expecting to sign the deal in November.
EVN, German bank discuss loan agreement for hydropower plant project ảnh 1At the working session between EVN and KfW Development Bank. (Photo: VNA)
Hanoi (VNA) – Vietnam Electricity (EVN) Group andGermany’s KfW Development Bank on July 26 discussed a loan agreement for TriAn Hydropower Plant Expansion Project, expecting to sign the deal in November.

The signing of the loan agreement is expected to take place on the occasionof the Government-level negotiation meeting on Vietnam-Germany development cooperation.

The Tri An Hydropower Plant Expansion Project is thefirst in which KfW is planning to provide a direct loan to EVN without government guarantee.

Since 2022, after multiple exchanges, the two sideshave basically agreed on fundamental and most important borrowing conditions ofthe loan agreement.

At the meeting in Hanoi with Frank Bohnet, Director forEast Asia - Southeast Asia of KfW, EVN Deputy General Director Nguyen Xuan Namexpressed his hope that the two sides will make efforts in harmonisingprocedures to accelerate the signing.

EVN is also preparing for some new OfficialDevelopment Assistance (ODA) loans, which are expected to use the ODA fundingfrom the German government, covering green energy and renewable energy, hesaid, noting his hope that KfW will continue to support and arrange loans forthese new ODA projects.

For his part, Bohnet affirmed that EVN is one of KfW'smost important partners in Vietnam, stressing KfW commits to closely coordinatingwith EVN to further implement priority projects of both parties in the timeahead, including both ODA projects and those without government guarantee.

Since 2009, KfW has committed ODA and non-Governmentguaranteed loans worth 1.5 billion EUR (1.66 million USD) to EVN./.
VNA
#EVN #KfW Development Bank #Tri An Hydropower Plant Expansion Project #Vietnam #VietnamPlus #Vietnam news
Follow VietnamPlus

Related News

No more power shortage in northern region: Official

No more power shortage in northern region: Official

Since the end of June, the water levels in hydropower reservoirs have been rising and technical problems of a number of thermopower turbines solved, ensuring a basically sufficient power supply in the north, said Deputy Minister of Industry and Trade Do Thang Hai.

See more

An Phát Complex Industrial Park in Hai Phong City is one of the eco-friendly industrial parks. (Photo: VNA)

Green industrial parks become new magnet for FDI

Statistics show that about 80% of FDI enterprises prioritise investing in industrial parks with green energy infrastructure, reflecting a growing shift in investment preferences amid tightening global environmental standards.

Wood panel production at the Thuan An Wood JSC in Ho Chi Minh City (Photo: VNA)

Vietnamese businesses ride wave of investment in green manufacturing

Recent developments in private investment show that as confidence in the private sector has grown and is a key driver of economic development, investors are strengthening support for enterprises not only through capital but also management expertise and market connectivity.

Officers and soldiers of Son Tra Border Guard Station, Da Nang City Border Guard Command tell local fishermen about IUU fishing. (Photo: VNA)

Fishing solidarity groups help Vietnam with IUU “yellow card” warning removal

Over the years, coastal authorities in Da Nang have intensified efforts to educate fishermen about regulations, particularly the need to avoid illegal fishing in foreign waters. Local administrations and competent forces have also strengthened vessel registration and inspection procedures, installed vessel monitoring systems and ensured transparent declarations of catches at ports.

Representatives of Central Retail Vietnam and Lotte Plaza Market sign a distribution cooperation agreement at the networking event in Ho Chi Minh City on March 13. (Photo: VNA)

Vietnamese firms step up cooperation with international distribution chains

Connecting Vietnamese businesses with international distribution networks has been a key component of government-led trade promotion programmes for many years, which are designed to help domestic companies place goods directly into global retail systems rather than exporting solely through intermediaries.

Direct Hanoi–Amsterdam flights by Vietnam Airlines to begin on June 16. (Photo: Vietnam Airlines)

Vietnam Airlines to launch direct Hanoi–Amsterdam service on June 16

Under the plan, the Hanoi–Amsterdam route will commence operations on June 16, 2026, with an expected frequency of three return flights per week using modern wide-body Airbus A350 aircraft. This will be the first direct air link between Vietnam and the Netherlands, helping to shorten travel time and enhance connectivity between Vietnam and one of Europe’s key economic, logistics and aviation transit hubs.

Farmers harvest the 2025 Winter–Spring rice crop in An Giang province. (Photo: VNA)

An Giang accelerates export shift to meet green consumption trends

To enhance competitiveness, authorities are assisting businesses in obtaining globally recognised certifications such as GlobalG.A.P., Organic and HACCP, enabling key exports including rice, seafood and clean agricultural products to strengthen their position in global markets, according to Quang Xuan Lua, Director of the An Giang Centre for Trade and Investment Promotion.

Motorcycle riders refill their vehicles at a petrol station in Hanoi (Photo: VNA)

E5 RON92 biofuel price falls in latest adjustment

Since the beginning of this year, domestic fuel prices have undergone 14 adjustments, including five decreases and nine increases for RON95 and six declines and eight hikes for E5 RON92. Meanwhile, diesel price has fallen three times and risen 11 times.

A French customer is tasting Vietnamese lychee. (Photo: VNA)

Vietnamese agricultural products boost global brand recognition

Vietnam aims to achieve about 74 billion USD in agro-forestry-fishery export turnover this year. Expanding value-added products, improving quality standards and strengthening brand building, especially through international supermarket systems, will be key to enhancing the competitiveness and global recognition of Vietnamese agricultural products.

An apartment building developed by BCONS in Binh Duong (Photo: VNA)

Resolution 68 boosts businesses entering market

By the end of 2025, Vietnam had more than one million active enterprises. In the first two months of 2026, about 64,500 enterprises entered or re-entered the market, up 29.4% year-on-year, averaging 32,200 newly established or returning businesses per month.

A Vinh Long official introduces signature local products to Korean guests. (Photo: VNA)

Vinh Long courts Korean investment in key sectors

Vice Chairman of the provincial People’s Committee Nguyen Truc Son vowed to accompany investors and provide them with optimal conditions, while building a transparent and stable business environment to secure long-term engagement from foreign enterprises, particularly those from Daejeon.