VNĐ15.6 trillion credit agreements inked for 500kv transmission line

January 28, 2024 - 09:58

The Prime Minister has urged EVN and EVNNPT to complete the project by June due to its critical importance and urgency.

Representatives of EVNNPT and MB sign a credit contract on Friday. — VNA/VNS Photo

HÀ NỘI — The National Power Transmission Corporation (EVNNPT) has signed credit agreements exceeding VNĐ15.6 trillion (US$634 million) with five banks, BIDV, VietinBank, MB, ACB, and VIB, to fund the construction of the 500kV Circuit-3 transmission line from Quang Trạch to Phố Nối.

The 519km project, valued at VNĐ22 trillion ($895.95 million), traverses 211 communes in 43 districts across nine provinces, connecting Quảng Bình to Hưng Yên.

EVNNPT Chairman Nguyễn Tuấn Tùng highlighted the line's significance in enhancing inter-regional power grid connectivity, aiming to increase transmission capacity from 2,200 MW to 5,000 MW, ensuring electricity supply for the North.

The Prime Minister has urged EVN and EVNNPT to complete the project by June due to its critical importance and urgency. — VNS

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

HCM City seeks to build 35,000 social housing units

HCM City is seeking to build 35,000 social housing units with 2.5 million square metres of floor space by 2025, the People's Committee of the southern economic hub said.

Economy

Workforce, renewable energy policy a hurdle for US semiconductors wanting to invest in Việt Nam: Official

The US will help Việt Nam in developing semiconductor workforce, improving investment environment for the semiconductor industry, which are among the hardest, biggest constraints that companies face as they try and expand their semiconductor supply chains.

Economy

Mobile telecommunications businesses must find new space to develop

The growth of network operators has been low in recent years, lower than the country’s GDP growth.

Economy

Expensive airline tickets turn Vietnamese away from domestic tours

Tour companies said there has been a noticeable preference for international travel over domestic tours during the holidays in recent years.

Economy

Retailers offer discounts to stimulate demand

Supermarkets, commercial centres and convenience stores are offering various sales promotions with deep discounts to stimulate shopping demand and increase sales for the Tết (Lunar New Year) holiday that begins on February 8, according to the municipal Department of Industry and Trade.