Vietnam: EVN has exceeded foreign loan threshold

Vietnam: EVN has exceeded foreign loan threshold

As information from the Electricity of Vietnam (EVN), the Group has a lot of
difficulties in arranging investment capitals for the power projects has a
lot due to it's foreign loan capitals have exceeded the threshold guaranteed
by Government (accordingly to the current regulations).

However, in recent year, due to implementing good confident partnerships
with the international financial institutions as: WB, ADB, AfD, JICA, KfW.
the Group already arranged a total ODA and preferential loan capital of
$2.96bn, of which the signed value - $1.03bn, negotiated - $170mn and
prepared for the new projects - $ 1.76 billion.

Besides, the international cooperation activities have also helped EVN to
consolidate relationships with international partners in various fields. For
example, WB and ADB continued coordinating and assisting EVN in long-term
programs on finance, governance restructure, communication, renewable energy
development and power infrastructure modernization.

The fact indicates that every year EVN needs an investment capital of $5-6bn
with a lot of over VND 10,000bn projects. In 2017, EVN needs about VND
137,071bn comparing with VND 132,536bn in 2016.

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Link to Original Article:
http://nangluongvietnam.vn/news/en/policy-planning/evn-has-exceeded-foreign-
loan-threshold.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com