The Vietnam Electricity (EVN) Group has announced that it signed a credit agreement with the French Development Agency (AFD) for a loan worth EUR76 million (US$89.47 million) to implement the Bac Ai pumped-storage hydropower plant (Bac Ai project) in Khanh Hoa province.
The Investigation Police Agency under the Ministry of Public Security on November 12 urged victims of a sprawling loan scam to come forward, as they probe two executives accused of pocketing fees for nonexistent multibillion-dollar financing.
Credit growth of 18-20% for 2025 appears achievable as banks’ outstanding loans continued to expand over the first nine months.
Localities have called for continued support from the Government and the Ministry of Finance (MoF) to settle procedural and institutional challenges hindering the speed of ODA disbursement in 2025.
The Ministry of Finance (MoF) on September 26 held a workshop in Hanoi to introduce Decree 242/2025/ND-CP, a newly issued regulation aimed at improving the management and use of official development assistance (ODA) and foreign preferential loans.
Vietnam expects to mobilise around US$370 million in official development assistance (ODA) and foreign concessional loans in the last four months of 2025, according to the Ministry of Finance.
VOV.VN - The fire and rescue police of Da Nang city successfully rescued 12 people trapped inside vehicles following a multiple-vehicle pile-up on the La Son – Tuy Loan Expressway traversing Da Nang on the evening of September 11.
The Government has approved a proposal by Ho Chi Minh City to stop borrowing official development assistance (ODA) loans from Germany’s KfW development bank for Metro Line No. 2 and instead use domestic funds to avoid further delays.
VOV.VN - While large enterprises have actively participated in the green transition, small and medium-sized enterprises (SMEs) which account for 97% of all businesses in Vietnam have been slow to engage in this transformation.
Deputy Prime Minister Bui Thanh Son has underscored the need to improve processes, streamline procedures, and capitalise on financial resources to support national development.