Russia agrees to fund Vietnam's nuclear power station

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

Russia has approved lending package worth $9 bn to finance the building of nation's first nuclear power station as both countries strengthen their economic connections. According to Phan Minh Tuan, Vietnam Electricity's development department manager, the value of a loan can vary between $8 bn and $9 bn depending on construction costs. The lending period is said to be 28 years, however, interest rate wasn't disclosed.

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