Continuing to lead the green finance trend and realize its sustainable development strategy, on June 11, 2025, in Hanoi, Ho Chi Minh City Development Commercial Bank ( HDBank ) signed a credit agreement with a limit of VND 2,000 billion with Vietnam Oil and Gas Power Corporation - JSC (PV Power) - a leading electricity producer under the Vietnam National Energy Industry Group (Petrovietnam).
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HDBank always stands alongside businesses and the Government in key projects related to energy transformation, renewable energy, and LNG power generation. |
This credit line will be used primarily by PV Power to import liquefied natural gas (LNG) – the input fuel for operating the Nhon Trach 3 and Nhon Trach 4 gas-fired power plants, strategic projects in Vietnam's energy transition roadmap.
This is a key national project and the first project in Vietnam to use liquefied natural gas (LNG) as its primary fuel, contributing to the formation of a cleaner, more stable, and lower-emission energy structure. With a total capacity of 1,624 MW and an investment of US$1.4 billion, the two plants are expected to add approximately 9-12 billion kWh of electricity annually to the national power grid. After construction began in 2022, by mid-2025, the Nhon Trach 3 gas-fired power plant was ready for commercial operation in the third quarter of 2025; the Nhon Trach 4 gas-fired power plant is expected to be operational from the fourth quarter of 2025.
Speaking at the signing ceremony, Mr. Nguyen Duy Giang, Deputy General Director of PV Power, emphasized that the credit line from HDBank will help the Corporation strengthen its financial resources to import LNG, ensuring the progress and operational efficiency of these two key projects.
The collaboration between HDBank and PV Power is a practical step in the roadmap to connect finance with energy transition, contributing to the realization of sustainable development goals and Vietnam's commitment to net zero emissions by 2050 as stated in the COP26 Declaration.
As a leading bank in green credit, HDBank is pioneering financing for many sectors with a positive impact on the environment and society, such as renewable energy, organic agriculture and high-tech applications, and more recently, LNG projects – a crucial transitional energy source from fossil fuels to renewable energy. To date, HDBank has disbursed approximately VND 31,000 billion cumulatively since 2019 for green sectors.
According to Mr. Tran Hoai Nam, Permanent Deputy General Director of HDBank, the bank always accompanies businesses and the Government in key projects on energy transformation, renewable energy, and LNG power generation. This is a consistent step to contribute to the development of a green economy and realize Vietnam's net emission reduction target.
With a focus on "Responsible Credit," HDBank has fully integrated ESG (Environmental, Social, and Governance) elements into its corporate lending process through an environmental and social risk management system (ESMS). Accordingly, 100% of loans are assessed and evaluated according to sustainable development criteria.
Through specific action programs, HDBank is gradually realizing its strategy of "Sustainable Pioneering - Reaching National Heights," contributing to the creation of a modern financial system and accompanying the nation in energy transition and sustainable development.
Source: https://baodautu.vn/hdbank-ky-ket-han-muc-tin-dung-2000-ty-dong-with-pv-power-d305607.html
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