The new turbines will also … about VIETNAM BUSINESS NEWS NOVEMBER 11

By optimising water flows, the annual electricity output will be raised by about 495 million kWh, thus helping replace fossil fuel in power generation and cut down greenhouse gas emissions. Once completed, the expanded plant, located in the northern province of Hoa Binh, will help increase power generation for the northern region and reduce production costs. The project includes two turbines with a combined capacity of 480MW and has a total investment of 9.22 trillion VND (406.7 million USD), 70 percent of which is commercial loans, including the 70 million EUR loan from the AFD and the rest from domestic commercial banks. Determining the “health” of businesses is the “health” of the economy, municipal authorities … about Hanoi seeks ways to help pandemic-affected firms solve difficultiesĪFD provides loan of 70 million EUR for expanded Hoa Binh hydropower plant project A concessional loan worth 70 million EUR (81 million USD) without government guarantee for the expanded Hoa Binh Hydropower Plant Project was inked on November 10 between the Vietnam Electricity (EVN) group and the French Development Agency (AFD). The city has been focusing on promoting administrative procedure reform, improving the business and investment environment, removing difficulties and problems, solving bottlenecks and inadequacies in terms of mechanisms, policies, and administrative procedures to promote businesses’ rapid and sustainable development, stated Dung. Secretary of the municipal Party Committee Dinh Tien Dung affirmed that the city always considers businesses the core and pioneering force in economic development, and an important force for the successful implementation of socio-economic development goals. At the event (Photo: VNA) Hanoi (VNA) – The Party Committee and People’s Committee of Hanoi on November 6 held a dialogue to seek ways to solve difficulties for enterprises in the context of the COVID-19 pandemic, and put forward solutions to the capital city's economic development and recovery.

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