EVNFinance allocates VND16 trillion for electrical projects

EVNFinance joint stock company has allocated more than VND16 trillion to invest in electrical resources and lines for companies in the Electricity of Vietnam (EVN) since it was established in 2008.

The amount of money was delivered in the form of direct credit, direct investment, and confidential consultancy. The EVNFinance recommended that the (EVN) to issues bonds worth more than VND9 trillion.

In the past 7 months, the company has been approved by the Government and supported by the EVN to take the role of capital management for borrowing money to implement the Vinh Tan II thermal plant.

EVNFinance has transactions with nearly 300 economic organisations, more than 70 credit institutions and has gradually build a network of customers and reliable partners as well as implementing and customer care service in two branches in Da Nang and Ho Chi Minh Cities.

The company joins hands with these organisations and institutions to work out policies to control and promote the government’s socio-economic development through solutions such as efficiently implementing preferred interest rate loans, balancing and regulating input and output interest rates in line with market changes and the direction of the State Bank of Vietnam. – VOV

Tags: EVNFinance

Posted by VBN on Sep 1 2010. Filed under Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry