09-07-08 According to the Electricity of Vietnam Group (EVN), it requires around VND 11.9 tn ($ 704 mm) between now and the end of the year to develop power generating and transmission line projects.
Of the required capital, some VND 6.8 tn is expected to be sourced from domestic commercial credits, VND 1.1 tn from foreign loans and the remaining VND 4 tn from bonds.

In the first half of this year, 14 hydroelectric and thermoelectric power projects under construction were halted because of capital shortages. Also, EVN failed to arrange investment capital for five other power projects, including Huoi Quang, Ban Chat, expanded Uong Bi 2, Quang Ninh 2 and Vinh Tan 2, as well as the construction of 220-500 kV electricity transmission lines.
To reduce capital shortages, EVN put on hold around 390 projects with a combined investment of VND 1.5 tn. It also sought basic depreciation loans from local joint stock companies such as Pha Lai and Vinh Son-Song Hinh, and short-term funding from foreign banks.

Looking longer term, EVN is planning to sell part of its stakes in joint stock companies through direct negotiations with strategic investors, and has a master plan to set up joint stock companies in which it holds less than 30 % of stakes to carry out the approved projects.
EVN in the past six months increased its total output to 36.4 bn kWh, a 14.8 % year-on-year rise, and sold about 31.8 bn kWh, up 15.6 % over the same period last year.