French Development Agency funds EVN’s solar power project
Vietnam Electricity (EVN) said on October 30 that it has signed a credit agreement for a solar power plant project with the French Development Agency (AFD).
The loan by the French Development Agency will fund the Se San 4 solar power plant in the Central Highlands province of Gia Lai (Illustrative photo: VNA)
Hanoi (VNA) – Vietnam Electricity(EVN) said on October 30 that it has signed a credit agreement for a solarpower plant project with the French Development Agency (AFD).
The loan without government guarantee worth 24.2 million EUR is used to financethe Se San 4 solar power plant with a capacity of 49 MWp, which will beconstructed in the area of the Se San 4 hydropower plant in the CentralHighlands province of Gia Lai.
In addition to the Se San 4 solar powerproject, AFD has also committed loans without government guarantee for theexpanded Yaly hydropower project and a project to build power grids in theSouth. It is also considering a loan for the expanded Hoa Binh hydropower plantproject.
EVN Deputy General Director Nguyen Xuan Nam said EVN highly appreciated thesupport and cooperation of AFD in arranging loans without government guarantee for the power projects, especially in thecontext that the Government is tightening and moving towards stopping theguarantee for EVN's power projects.
Currently, EVN has to diversify financial mobilisation channels to meet itshuge investment needs in the coming years, he added.
AFD is an international financial institution operating for non-profit of theFrench Government by providing loans and non-refundable aid for organisationsand state-owned enterprises with the main target of reducing emissions and copingwith climate change.
AFD is the first and only provider of loans without government guarantee for EVNto implement power projects. AFD's first loan without government guarantee worth100 million USD to fund the Huoi Quang hydroelectric plant project was signedin 2010./.
Authorities in the southern province of Dong Nai have proposed the Ministry of Industry and Trade consider adding eight local solar power projects on Tri An lake to the national power development plan by 2025.
A conference on green finance for renewable energy in Vietnam’s industrial sector took place in Hanoi on September 18, as part of the Vietnam Renewable Energy Week 2019.
The Asian Development Bank (ADB) on October 2 signed a 37 million USD loan agreement with Da Nhim–Ham Thuan–Da Mi Hydro Power JSC to finance the installation of a 47.5 MWp floating photovoltaic (PV) solar power facility on the man-made reservoir of DHD’s existing Da Mi hydropower plant.
Ninh Thuan has the most potential in Vietnam to develop wind and solar power, heard a workshop held in the south central coastal province on October 3.
The Ministry of Industry and Trade (MoIT)’s Electricity and Renewable Energy Authority and the Belgian Embassy held a seminar in Hanoi on October 24 discussing renewable energy development.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
The loan by the French Development Agency will fund the Se San 4 solar power plant in the Central Highlands province of Gia Lai (Illustrative photo: VNA) 
