The senior delegates attending the signing ceremony included Mr. Nguyen Ngoc Canh - Deputy Governor of the State Bank, Mr. Nguyen Hoang Long - Deputy Minister of Industry and Trade, and representatives of leaders of a number of Departments under the Government Office, leaders of the Electricity Department (Ministry of Industry and Trade), leaders of a number of Departments under the State Bank: Department of Credit for Economic Sectors, Department of Monetary Policy, Office, Inspectorate; leaders of the Department of State Enterprise Development (Ministry of Finance), etc. ...
Attendants for EVN’s side were Mr. Dang Hoang An – Party Committee Secretary and Chairman of the Board of Directors; Mr. Nguyen Anh Tuan – President and CEO; members of the Board of Directors, Vice Presidents, representatives of the Group’s professional departments, and leaders of Power Project Management Board No.1. 
For Vietcombank’s side, the attendants included Mr. Nguyen Thanh Tung – Party Committee Secretary and Chairman of the Board of Directors; Mr. Le Quang Vinh – General Director; members of the Board of Directors, Executive Board, and representatives of some relevant departments at the Head Office.
Information on Lao Cai – Vinh Yen 500kV Transmission Line Project
The Lao Cai - Vinh Yen 500kV Transmission Line Project is a national key project in the energy sector that the Prime Minister has approved in principle for investment and the investor. This is a 500kV double-circuit transmission line project with a total length of about 229.5km and a total of 468 pole foundation locations. The project passes through the territory of 4 provinces of Lao Cai, Yen Bai, Phu Tho, and Vinh Phuc, and is expected to be completed and put into operation before September 2, 2025.
The total investment of the project is over VND 7,410 billion; of which 80% is arranged from Vietcombank's loan capital and EVN's counterpart capital is 20%. 
After being put into operation, the line has the capacity to transmit about 2000 - 3000MW from hydropower plants in the Northwest region and neighboring provinces to the national grid. At the same time, the project creates a strong connection between regions in the power system, increasing the ability to operate safely and stably for the national power system; reducing power loss in the transmission grid, and increasing the efficiency of EVN's electricity production and business.
Credit facility to finance Lao Cai – Vinh Yen 500kV Transmission Line Project
After more than 60 years of establishment and development, Vietcombank has affirmed itself as the number 1 bank in Vietnam and has provided credit capital for many large energy projects invested by EVN in recent years such as Son La Hydropower Plant (total contract value of VND 17,500 billion, of which Vietcombank sponsored VND 6,000 billion), Lai Chau Hydropower Plant (total contract value of VND 14,500 billion, of which Vietcombank is the focal point for arranging capital and sponsoring VND 6,500 billion), Hoa Binh Hydropower Plant Expansion (Vietcombank independently sponsors VND 4,000 billion), Quang Trach 1 Thermal Power Plant (Vietcombank independently sponsors VND 27,100 billion).
Based on Vietcombank's financial capacity and good traditional relationship, EVN has selected Vietcombank as the bank to arrange capital for the Lao Cai - Vinh Yen 500kV Transmission Line Project. The credit facility is worth VND 5,472 billion, which will be disbursed within 02 years, with a loan term of 15 years with competitive interest rates.
The signing ceremony of the Credit Contract for the Project is another important milestone in the traditional cooperative relationship between Vietcombank and EVN, opening a new phase of cooperation to best exploit the potential of each party, contributing to enhancing energy security while consolidating the country's financial and monetary security, contributing to the sustainable development of the country's socio-, and so on.
Some photos at the ceremony:

Translator: Mạnh Hùng