The Northern Power Corporation under the Electricity of Vietnam Group (EVN NPC), signed a syndicated loan agreement worth 515 billion VND (22.7 million USD) last week for the period of seven years.
Representatives of EVN NPC and financial partners sign syndicated loan agreement worth 515 billion VND. (Photo: vietnamnet.vn)
Hanoi (VNA) - The NorthernPower Corporation under the Electricity of Vietnam Group (EVNNPC), signed a syndicated loan agreement worth 515 billion VND (22.7million USD) last week for the period of seven years.
The Vietnam International Commercial Joint Stock Bank (VIB) isthe focal point for arranging this loan, in collaboration with the Taipei FubonCommercial Bank (Hanoi branch) and the First Commercial Bank (HCM City branch).
EVN NPC is one of the five electricity distributioncorporations of the EVN, with management area of 27 provinces in the North andNorth Central regions (excluding Hanoi).
The corporation aims to further develop the grid to meet annualgrowth rate of 13-15 percent from now until 2020.
The successful signing will help EVN NPC carry out investmentactivities to upgrade and expand distribution network in the future.
The Taipei Fubon Commercial Bank and the First Commercial Bank,two of Taiwan’s leading banks, have pledged to provide financial support tocompanies and corporations, supporting the development of Vietnam’s economy.
This agreement is also one of the first syndicated loansarranged by local banks with full co-financing from foreign bank branches in Vietnam.-VNA
Prime Minister Nguyen Xuan Phuc in February issued Decision No 168/QĐ-TTg approving a five-year (2016-20) restructuring plan for the electricity sector.
The Northern Power Corporation has reported that in the first five months of this year, it supplied 21.4 billion kWh of commercial electricity, a rise of 12.47 percent year on year.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Representatives of EVN NPC and financial partners sign syndicated loan agreement worth 515 billion VND. (Photo: vietnamnet.vn) 
