Electricity of Vietnam (EVN) has been granted a concessional loan of €70 million ($80.34 million) without government guarantee from the French Development Agency (AFD), accounting for about 20 per cent of total investment in the Hoa Binh hydropower plant expansion project. This project and other expansions of hydropower projects are part of EVN’s green and sustainable energy development strategy.
Rice businesses have faced a range of difficulties in harvesting, distribution, processing, and exporting rice because of the pandemic. State Bank of Vietnam Deputy Governor Dao Minh Tu has asked banks to continue to meet capital needs in the industry, offering reasonable terms and interest rates and, especially, loans without collateral.
In Resolution No. 88/NQ-CP from the online government meeting with localities on the socio-economic situation in July and the first seven months of 2021, the government requested that banks pay attention to providing small loans to customers affected by the pandemic.
Many banks have recently introduced preferential policies on foreign currencies for import-export enterprises, such as preferential loans, financial support through import financing services, foreign exchange support, reasonable fees, and free international money transfer for new corporate customers.
The Ministry of Planning and Investment (MPI) has proposed that northern Thanh Hoa province’s loan balance be increased to no more than 60 per cent of granted budget revenue. In order to ensure funds for major development projects in the province, Thanh Hoa can borrow through various forms, such as issuing local government bonds, loans from domestic financial institutions and other domestic organizations, and from the government’s foreign loans.
