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Section: General News - The Asian Development Bank (ADB) Board of Directors today approved a proposal to extend a $325 million guarantee for a 13-year syndicated loan of $342 million to state-owned Viet Nam Electricity, which will be used to fund urgent transmission and distribution improvements needed to meet rising power demand.
This is ADB's third guarantee operation in Viet Nam.
Viet Nam has made big strides in rolling out infrastructure to aid its economic expansion, but the electricity sector still suffers bottlenecks.
The loan will fund new transmission lines, and upgrade rural and urban power grids, helping to expand service coverage, reduce system …