Vietnam Electricity National Power Transmission Corporation (EVNNPT) has signed a financing agreement with the French Agence Française de Développement (AFD) worth USD76.48 million to bolster Vietnam’s power transmission network.
The investment will fund three sub-projects, including the construction of two 500 kV substations and associated transmission lines in Binh Duong and Dong Nai provinces. These projects aim to enhance grid stability and operational efficiency, supporting the infrastructure needs of Vietnam’s fast-growing economy and energy transition efforts. This funding forms part of a broader collaboration between France and Vietnam under the Just Energy Transition Partnership. Between 2023 and 2027, France plans to mobilise up to USD570.84 million in concessional loans to assist Vietnam’s transition to clean energy.