return icon

French Development Agency lends 74.7 million EUR to EVN’s hydropower project

The Vietnam Electricity Group (EVN) on June 29 signed a credit agreement with the French Development Agency (AFD) on a loan of $74.7 million euros to develop the expanded Ialy hydropower plant in the Central Highland province of Gia Lai.

French Development Agency lends 74.7 million EUR to EVN’s hydropower project hinh anh 1

The signing ceremony (Photo: VNA)


The loan, which does not have a Government guarantee, accounts for 30.8 percent of the total investment of the project  - estimated at nearly 6.4 trillion VND (278.6 million USD).

The expanded Ialy Hydropower plant will have two turbines with a combined capacity of 360 megawatts. 

Construction is expected to start in the second quarter of 2021, and the first turbine is slated to generate electricity in the second quarter of 2024, the second turbine in the third quarter, and the entire project by December 2024. 

Speaking at the signing ceremony, Director of AFD in Vietnam Fabrice Richy said the Ialy Hydropower Plant Extension project will contribute to the transformation of Vietnam's energy into a low-carbon and sustainable form of energy, adding that this is one of the important strategies of AFD in Vietnam. 

He also said that AFD wants to continue to cooperate with EVN and its member units as well as other state-owned companies in Vietnam through funding without a government guarantee.

Duong Quang Thanh, Chairman of EVN's Member Council said the Ialy Hydropower Plant Extension project and other expansion hydropower projects are part of EVN's green and sustainable energy development strategy. 

“EVN appreciates AFD’s support over the past 20 years, especially through concessional loans without government guarantees and valuable technical assistance to EVN,” he said./.

Source: VNA

Power plan revised to render market more competitive

Power plan revised to render market more competitive

The government this month requested the Ministry of Industry and Trade to review and re-submit the Power Development Plan VIII as the scheme is geared towards speeding up establishment of a competitive electricity market.


YouTube to be removed from TVs if it contains 'dirty' content

Cross-border social media, such as Facebook, TikTok and YouTube, will be prohibited in Vietnam if they are uncooperative. The Ministry of Information and Communications (MIC) says it will be firm when handling violations to ensure a clean cyberspace.

Vietnam considers giving visa waiver for golf tourists

Tourism experts have recommended allowing a unilateral visa waiver for 30 days for golf tourists and tourists travelers on special airplanes.

VN to universalize personal digital signature to develop digital economy

Many Vietnamese digital signature authentication service providers are seeking answers about the use of one digital signature for individual citizens.

Disbursement of public investments stuck, VND1 quadrillion deposited at banks

Minister of Finance Ho Duc Phoc said since capital for public investments cannot be disbursed, the Ministry of Finance has had to leave VND1 quadrillion worth of capital at banks with the interest rate of 0.8 percent per annum.

Russian film companies to join Telefim Vietnam 2023

Eighteen Russian firms will attend the International Exhibition of Film, Technology, Radio and Television (Telefim Vietnam) 2023 that will take place in Ho Chi Minh City from June 8-10.

VN to consider downgrading COVID-19 to flu-like status

According to the health ministry's statistics, to date, Vietnam has recorded over 11.6 million COVID-19 infections, with total recoveries logged at 10.63 million.

Bronze age artefacts found in Dak Nong

The Central Highlands province of Dak Nong has recently discovered numerous artefacts belonging to inhabitants dating back 3,500 years.


Vietnamese nationals rescued from Philippine human trafficking ring return home

Nha Trang Sea Festival director dies in accident

A Khanh Hoa Television Station director has died after falling off a scaffold while conducting an inspection of the grandstands of the Nha Trang Sea Festival 2023 on Monday.

Khanh Hoa reclaims resort mansion of late King Bao Dai

Authorities in the central coastal province of Khanh Hoa have just reclaimed a complex of five French style villas which used to host late King Bao Dai and his family during their holidays for better preservation.

Vietnam among top three attractive destinations for RoK visitors

Vietnam is among the top three most favourite tourist destinations for Korean visitors in Asia, according to statistics from KB Kookmin Card of the Republic of Korea (RoK).


Vietnam's GDP growth slows in Q1 ahead of expected recovery

VN received 4.6mil foreign visitors in five months, over half the year’s target

Vietnam welcomed nearly 4.6 million international arrivals in the first five months of 2023, soaring 12.6-fold from the same period last year, according to the latest report from the General Statistics Office (GSO).

Japanese dolls go on display in Da Nang

An exhibition of Japanese dolls celebrating the 50th anniversary of the establishment of diplomatic relations between Japan and Vietnam will open at the central city’s Fine Arts Museum on May 30.

International chess masters to play in Da Nang

The city’s culture and sports department said the tournament will see chess masters playing in a round-robin in four groups, with two top each qualifying in the quarter-finals.