LienVietPostBank finances US$94.8 million for Vung Ang Plant

Lien Viet Post Commercial Bank (LienVietPostBank) has just agreed to finance VND2 trillion (US$94.8 million) for the Viet Nam National Oil and Gas Group (PVN)-invested Vung Ang 1 Thermal Power Plant.

Vung Ang 1 Thermal Power Plant

LienVietPostBank and PVN signed an agreement to fund VND2 trillion (US$94.8 million) for the plant on December 17.

PVN’s US$1.595 billion plant has two groups of turbin with a design capacity of 1,200 MW in Ky Loi Commune, Ky Anh district in the central province of Ha Tinh.

At the signing ceremony, via the Viet’s heart program of Vietnam Television, LienVietPostBank granted 300 television sets to poor households in Ky Anh District where the plant locates.

By Bao Minh, Ngoc Quang - Translated by Uyen Phuong

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