Representatives of Ex-Im Bank and the Vietnam Development Bank (VDB) signed a letter of intent over the deal in Hanoi yesterday.
Ex-Im Bank – an independent federal agency set up to support US trade around the world – will provide funding to wind development in the Mekong Delta. No details were given of the scale or timings of the plans.
Phase I of the project is currently underway in the southern province of Bac Lieu, financed by VDB’s domestic loans and using GE 1.6MW
