The mission was welcomed by Mr Xavier
Marie Robert – CEO of SG, Mrs. Agnes Fontaine- director of export credit in
Asia, Middle East and Mr. Eugene Kim- head of Asian export credit.
Founded since 1864 in Paris, SG is a
French multinational bank and one of the banks with longest history in France.
In 2013, SG was ranked as the third largest in France and the sixth in Europe
in terms of total assets.
SG is one of the important partners of
Vietnam Electricity (EVN). It has arranged funding for a number of EVN’s projects
such as: Duyen Hai 1 Thermal Power (total loan value of over USD 1 billion),
Sesan 4 Hydroelectric (57 million USD), Vinh Tan 4 Thermal Power (over USD 900
million).
EVNNPT and SG have a common will: to
expand and develop cooperative relations. up to now, a number of meetings have
been carried out by 2 sides to discuss about the financing demands by EVNNPT as
well as the types of products that SG can provide. SG expressed the desire for
taking part in mobilizing fund for EVNNPT in two types: tied and untied loan,
under a guarantee by NEXI (Nippon Export and Investment Insurance) and/or MIGA
(Multilateral Investment Guarantee Agency) for the investment projects from
2016 to 2020.
It is expected that the proposed list of
projects of a total value of USD 200 million will soon be sent by EVNNPT to SG.
On that basis, SG will discuss with relevant parties and send detail offer.
The initial exchange between EVNNPT and
SG has opened up a new direction, which can meet EVNNPT’s demands on diversification
of fund sources and partners, contributing to the development of national power
transmission system./.