VietinBank has provided a credit facility of VND 8,860 billion for Component 1 - Power Plant of the Quang Trach II LNG Thermal Power Plant Project.

On January 16, 2026, in Hanoi, Vietnam Electricity Group (EVN), in collaboration with a consortium of four state-owned commercial banks (VietinBank, Vietcombank, BIDV, and Agribank), held a signing ceremony for the loan agreement for Component 1 - Power Plant, part of the Quang Trach II LNG Thermal Power Plant Project.

Representing VietinBank at the ceremony were Mr. Nguyen Tran Manh Trung - Member of the Board of Directors and General Director; Mr. Tran Van Tan - Member of the Board of Directors; and Mr. Duong Van Quan - Deputy General Director and Director of VietinBank Hanoi branch.

Mr. Duong Van Quan - Deputy General Director and Director of VietinBank Hanoi Branch (front row, second from the right) representing VietinBank in signing the contract.

The Quang Trach II LNG Thermal Power Plant project (1,500 MW capacity) in the Hon La Economic Zone, Quang Trach, is a key project under the Power Development Plan VIII. With a total investment of over 52,490 billion VND, the project plays a crucial role in ensuring electricity supply security and minimizing environmental emissions.

The total loan amount for Component 1 - Power Plant of the Quang Trach II LNG Thermal Power Plant Project is VND 29,568 billion. Of this, VietinBank provided VND 8,860 billion, with the remainder provided by the three banks in the consortium. This funding enables EVN to proactively implement the project, aiming for commercial operation in the 2028-2029 period and full completion by 2030.

The delegates took a commemorative photo.

The credit signing ceremony is a continuation of the effective cooperation between VietinBank and EVN and other leading economic groups nationwide. As a major state-owned commercial bank and a key player in the economy, VietinBank's total assets are projected to exceed US$100 billion by 2025 (nearly 18% growth compared to 2024). VietinBank consistently maintains its pivotal position in providing capital, leading the market, and promoting sustainable economic growth.

The timely arrangement of financing for Component 1 - Power Plant of the Quang Trach II LNG Thermal Power Plant Project once again demonstrates VietinBank's financial capacity and responsibility in realizing the nation's clean energy goals.

Overview of the event

Source: https://www.vietinbank.vn/vi/tin-tuc/tin-tuc-va-su-kien/vietinbank-cap-tin-dung-8-860-ty-dong-cho-du-an-thanh-phan-1-nha-may-dien-thuoc-du-an-nha-may-nhiet-dien-lng-quang-trach-ii-20260116154726-00-html