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.
At 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./.
The Electricity Vietnam Group (EVN) on June 22 announced that the power supply will basically meet demand in the northern region from June 23 thanks to increasing water level at hydropower plants’ reservoirs.
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.
In its recently audited financial report, Vietnam Electricity (EVN) Group announced a loss of 20 trillion VND, attributing it to the acquisition of electricity at costs exceeding its selling prices.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
At the working session between EVN and KfW Development Bank. (Photo: VNA) 
