Vietnam's EVN secures $1.13-B loan for LNG power plant project

1/16/2026

Vietnam's state utility EVN signed an agreement on Friday for a syndicated loan worth 29.57 T dong ($1.13 B) to build an LNG-fired power plant, the company said.

The loan is provided by four of Vietnam's top banks, including Vietcombank, VietinBank, BIDV and Agribank, EVN said in a statement.

The Southeast Asian country is seeking to ramp up its power generation capacity to keep up with its expanding economy, which grew 8% last year.

The loan will cover around 56% of the funding needed for the 1,500-megawatt Quang Trach II power plant to be built in the central province of Quang Tri, EVN said.

The plant is scheduled to be fully operational by 2030.