Vietcombank Hue signed a credit contract with Thua Thien Hue Electricity Company

(PLO) – Recently, in Thua Thien Hue province, a signing ceremony of credit contracts to finance power construction investment projects in 2024 in the province took place between Vietcombank Hue and Thua Thien Hue Electricity Company. Thien Hue.

The project to invest in construction and completion of the power grid in Thua Thien Hue province in 2024 includes 24 projects to improve the quality of electricity supply, reduce power loss, safety and convenience in purchasing business operations. sell electricity, improve electricity transmission efficiency at some locations in the province. The total investment of the project is more than 142 billion VND, of which Vietcombank Hue Sponsored more than 99 billion VND, accounting for 70% of total investment. The credit term is 120 months.

Speaking at the ceremony, Mr. Nguyen Dai Phuc – Director of Thua Thien Hue Power Company highly appreciated the cooperation and companionship of Vietcombank Hue and believed that the signing ceremony would be the first step for a strong cooperation between both sides. Mr. Vu Van Hoa – Deputy Director in charge of operations of Vietcombank Hue expressed his honor when the Branch was selected as the project’s capital supplier and pledged to coordinate closely with Thua Thien Hue Electricity Company. to ensure disbursement progress for the project, and expressed the desire to continue to accompany the company in the future.

Thua Thien Hue Electricity Company belongs to the Central Electricity Corporation, is a leading enterprise in production and business activities, ensuring electricity supply to serve the needs of socio-economic development, security, national defense and daily life of people in the province. The company established a credit relationship with Vietcombank Hue since 2012 with credit needs mainly for medium and long-term loans to invest in power projects in the area. Vietcombank Hue’s companionship with the investment project to build and complete the power grid is especially important in improving the reliability of electricity supply, ensuring people use electricity safely and continuously. continuously, contributing to promoting the local economy and society.