The State Bank of Vietnam published remarks by Governor Nguyen Thi Hong delivered at a signing ceremony where Vietnam National Industry – Energy Group (Petrovietnam) and Vietcombank executed two credit agreements worth over USD 1 billion to finance parts of the Block B - O Mon gas-to-power chain. Vietcombank will provide medium- to long-term credit for the development of gas blocks B&48/95 and 52/97 and for the Block B - O Mon gas pipeline project, building on a framework credit arrangement signed in March 2024 for the wider project chain. The Governor linked the financing to Politburo Resolution No. 70-NQ/TW of 20 August 2025 on national energy security and called on Vietcombank to comply with risk management requirements and ensure safe, effective disbursement, while requiring Petrovietnam to use the borrowed funds for their intended purposes and comply with applicable law.
State Bank of Vietnam 2025-10-07
State Bank of Vietnam urges strict risk management as Vietcombank signs over USD 1bn loans for Petrovietnam’s Block B - O Mon gas projects
Governor Nguyen Thi Hong of the State Bank of Vietnam spoke at a ceremony where Petrovietnam and Vietcombank signed credit agreements over USD 1 billion for the Block B - O Mon gas-to-power chain. Vietcombank will offer medium- to long-term credit for gas block development and pipeline projects, under a framework credit arrangement from March 2024. The Governor stressed adherence to Politburo Resolution No. 70-NQ/TW on energy security, urging compliance with risk management and legal requirements.