VDB arranges VND 105 trillion for 80 transmission power projects invested by EVNNPT

EVNNPT’s General Director Pham Le Phu (right) and VDB’s General Director exchange the signed agreement minutes. Photo: Ngoc Tuan.

At the signing ceremony, Deputy Minister of Industry and Trade Nguyen Hoang Long emphasized that this is an important milestone in the cooperation between the two parties, opening a new phase to effectively leverage each side’s potential. He stated that this collaboration will promote the mobilization of state credit investment funds under the Government’s regulations, contributing to economic and social development, improving people’s living standards, and laying a solid foundation for production and life sectors.

“This is the largest credit cooperation ever of EVNNPT, and I am confident that the partnership will succeed, contributing to ensuring national energy security,” affirmed Deputy Minister Nguyen Hoang Long.

According to the agreement, EVNNPT and VDB identify themselves as comprehensive partners, cooperating based on their respective capacities, business strategies, and strengths. Both parties commit to maintaining long-term, effective, and mutually beneficial cooperation across related fields; coordinating to support each other in expanding development and optimally exploiting advantages, especially by providing state credit investment funding for transmission power projects on the list of eligible projects for state credit loans, as regulated by Government decrees and relevant laws.

Chairman of the Board of Members of EVNNPT Nguyen Tuan Tung stated that EVNNPT is a 100% state-owned enterprise under EVN, assigned to manage, operate, and invest in transmission grids of 220 kV and above nationwide, while gradually connecting regional power grids. The corporation aims to become the leading transmission unit in Asia, reaching advanced global standards by 2030, ensuring safe, continuous, and stable power transmission to serve socio-economic development and national energy security.

As of October 31, 2025, EVNNPT’s equity capital reached over VND 26 trillion, with total assets around VND 102 trillion. The corporation maintains stable and transparent finances, which have helped sustain a BB+ credit rating from Fitch Ratings for seven consecutive years.

According to the revised Power Development Plan VIII, from now until 2030, EVNNPT needs to mobilize about VND 30-40 trillion annually for transmission investment, with bank loans accounting for VND 20-30 trillion per year. Therefore, diversifying funding sources, especially preferential loans from VDB, is critically important.

EVNNPT and VDB have established a long-standing and trusted cooperative relationship. Since May 2025, the two parties have signed capital arrangement agreements for 22 projects worth approximately VND 20 trillion and are implementing specific loan contracts. This latest agreement to arrange VND 105 trillion for nearly 80 projects further affirms VDB’s accompaniment in ensuring national energy security. EVNNPT commits to efficiently utilizing the capital and ensuring the progress and quality of key projects.

Chairman of VDB’s Board of Directors Le Van Hoan affirmed that EVNNPT is a major and reputable partner. The state investment credits that VDB has provided to EVNNPT so far have been effectively utilized. VDB pledges to prepare long-term funding to meet EVNNPT’s capital needs for projects, based on mutual support and harmonizing the interests of both parties./.