ADB OKs Loan Guarantee for Vietnam's Power Project

The

has guaranteed a USD342 million loan to state-owned Vietnam Electricity. The guarantee, worth USD325 million, is the third extended by the bank to the Asian country. The project aims to build new transmission lines and upgrade rural and urban power grids in Vietnam.

About the author

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    Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.