The Vietnam Oil and GasGroup (PetroVietnam) and its Japanese partners signed anexport credit agreement worth 141 million USD to purchase equipment forthe Thai Binh 2 Thermal Power Plant Project in Hanoi on August 22.
|
The credit is funded by the Japan Bank for InternationalCooperation (JBIC), the Bank of Tokyo-Mitsubishi UFJ (BTMU),Citibank and Mizuho Corporate Bank .
The money will beallocated to buy steam turbines and other machinery, provided by theJapan-based Sojitz Corporation .
The Thai Binh 2power plant project, which is being built in Thai Thuy district of theRed River Delta province of Thai Binh, demonstrates the determination ofPetroVietnam to meet rising domestic demand for electricity.
The company wants to help ensure a stable electricity supply whichserves the country’s economic development and supports the businessactivities of Japanese enterprises in Vietnam.-VNA
Investors upbeat about Vietnam’s industrial property market
Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.
