On January 16, 2026, at the headquarters of Vietnam Electricity (EVN) in Hà Nội, a signing ceremony was held for the loan agreement for Sub-project 1 – the power plant – of the Quảng Trạch II LNG Thermal Power Project between EVN and a consortium of four State-owned commercial banks, namely Vietcombank, VietinBank, BIDV and Agribank, with Vietcombank acting as the lead arranging bank.

At the ceremony, representatives of EVN and the syndicate banks carried out the signing of the loan agreement, with Nguyễn Việt Cường, Deputy General Director of Vietcombank, signing on behalf of the bank

The Quảng Trạch II LNG Thermal Power Project, located in Quảng Trị Province, is invested by EVN with a total scale of more than VNĐ52.49 trillion and comprises two sub-projects. Of this, Sub-project 1 – the power plant – has a total investment of over VNĐ40.123 trillion.

Nguyễn Ngọc Cảnh, Standing Member of the Party Committee and Deputy Governor of the State Bank of Vietnam, emphasized: “The event reinforces confidence that the State-owned economy continues to play a leading role; that State-owned enterprises have sufficient capacity; and that State-owned commercial banks have the resolve and capability to undertake major projects, creating energy infrastructure and added value for the country, in line with the Party’s orientation on self-reliance and strategic autonomy as Việt Nam firmly moves into a new era.”

Sub-project 1 aims to develop a large-scale power generation plant to supply electricity to the national power system in accordance with Power Development Plan VIII, while contributing to emissions reduction and environmental protection. The total loan demand for Sub-project 1 is VNĐ29.568 trillion, arranged from credit sources provided by the consortium of the four state-owned commercial banks.

Nguyễn Thanh Tùng, Party Committee Secretary and Chairman of the Board of Directors of Vietcombank, delivers a speech

Vietcombank’s selection as the lead arranging bank continues to affirm its position and capabilities in financing large-scale and complex infrastructure and energy projects, which require strong syndicated lending expertise, effective risk management and efficient coordination of financial resources.

Dang Hoang An, Party Committee Secretary and Chairman of the Members’ Council of EVN, highly appreciated the close and timely coordination of the banks during the capital arrangement process, considering this an important foundation for EVN to implement the project on schedule while ensuring quality and efficiency

Speaking at the signing ceremony, Nguyễn Thanh Tùng, Party Committee Secretary and Chairman of the Board of Directors of Vietcombank, said: “The signing ceremony conveys a clear message on the leading and enabling role of state-owned commercial banks, affirming that they possess the strength and capacity to undertake strategic projects and to translate the spirit of Resolution 79 on the development of the state-owned economy into practice.”

Delegates took commemorative photographs at the conclusion of the signing

VCB News