Electricity of Vietnam Seeking Banks for $1 Billion Bond Sale

Hanoi-based EVN, as the company is known, is in talks with banks for advice as it seeks to get a credit rating this month ahead of a sale “at the end of the year or in early 2011,” Hoi said in a telephone interview today. The government has approved its plan, he said.

EVN is trying to raise money to build power plants as the government forecasts a shortage of almost 1 billion kilowatt- hours this year. Power demand may rise as much as 18 percent as the economy expands by 6.7 percent this year and 7.5 percent in 2011, according to government estimates.

bloomberg

>   Viettel reduces roaming costs (06/09/2010)

>   Air cargo makes VN fruit more competitive (06/09/2010)

>   Forbes calls Vinamilk an ‘udder success’ (06/09/2010)

>   Boeing supports Vietnam Air’s aircraft interior upgrade (03/09/2010)

>   Mobile phone service providers offer widespread tariff reductions (03/09/2010)

>   Canal project will open lower Mekong to mid-sized ships (03/09/2010)

>   Lefaso chief anticipates footwear production transfer, market expansion (31/08/2010)

>   PetroVietnam targets stronger growth (31/08/2010)

>   HCM City businesses kick off month of promotions (31/08/2010)

>   Most successful businessmen hesitate to flaunt their wealth (31/08/2010)