Vietnam Plans $48.8B Power Sector Investment

Vietnam is seeking to invest about $48.8 billion in the power sector over the next decade, The Wall Street Journal reports. It will also sell domestic and international bonds to raise funds for new projects and will also look for foreign direct investment and official development aid along with commercial loans.

The government will use two-third of the investment to develop new plants and the rest will be allocated in power-transmission system. The state-run companies responsible for structuring new plants include Vietnam Electricity Group, Vietnam National Coal & Mineral Industries Holding and Vietnam Oil & Gas Group.

Click here for the story from The Wall Street Journal.