Credit contracts worth over 15.6 trillion VND signed to implement 500kV transmission line
The National Power Transmission Corporation (EVNNPT) on January 26 signed credit contracts worth over 15.6 trillion VND (634 million USD) with five banks to implement projects to build the 500kV circuit 3 transmission line section from Quang Trach to Pho Noi.
Representatives of EVNNPT and MB sign a credit contract on January 26. (Photo: VNA)
Hanoi (VNA) – The National Power TransmissionCorporation (EVNNPT) on January 26 signed credit contracts worth over 15.6trillion VND (634 million USD) with five banks to implement projects to buildthe 500kV circuit 3 transmission line from Quang Trach to Pho Noi.
The 500kV circuit-3 transmission line spans 519km from the central province of Quang Binh’s Quang Trach district to the northern province of Hung Yen’s Pho Noi.
The 22-trillion-VND (895.95 million USD) project runs through 211 communes and wards across 43 districts and towns of the provinces of Quang Binh, Ha Tinh, Nghe An, Thanh Hoa, Ninh Binh, Nam Dinh, Thai Binh, Hai Duong, and Hung Yen.
The five banks are the Joint Stock Commercial Bank forInvestment and Development of Vietnam (BIDV), Vietnam Joint Stock CommercialBank for Industry and Trade (VietinBank), Military Commercial Joint Stock Bank(MB), Asia Commercial Joint Stock Bank (ACB) and Vietnam InternationalCommercial Joint Stock Bank (VIB).
Speaking at the signing ceremony, Chairman of the EVNNPTMember Council Nguyen Tuan Tung said the 500kV line project fromQuang Trach to Pho Noi is important to connecting the inter-regional powergrid. Once operational, the project will help increase inter-regionaltransmission capacity from the current 2,200 MW to about 5,000 MW, contributingto ensuring electricity supply for the North in the coming time.
💫 Given the importance and urgency of the project, the PrimeMinister has directed the Vietnam Electricity Group (EVN) and EVNNPT to striveto complete the projects by this June./.
The Ministry of Industry and Trade has submitted a report to the Prime Minister about options for a direct power purchase agreement mechanism (DPPA) between renewable power generators and large electricity users without going through Vietnam Electricity (EVN).
Vietnam Electricity (EVN) has submitted a document to the Ministry of Industry and Trade (MoIT) regarding the proposal to import wind power from Laos to Quang Tri province.
Prime Minister Pham Minh Chinh voiced an imperative to ensure a consistent and uninterrupted power supply in all circumstances during a working session with the Vietnam Electricity (EVN) on January 13.
Vietnam Electricity (EVN) and its National Power Transmission Corporation (EVNNPT) on January 18 simultaneously began the construction of various 500kV circuit-3 transmission lines in the provinces of Ha Tinh, Nghe An, Thanh Hoa, and Thai Binh.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Representatives of EVNNPT and MB sign a credit contract on January 26. (Photo: VNA) 
