The Korea Times
The Export-Import Bank of Korea (Korea Eximbank) is stepping forward as a key financial backer to support Vietnam’s energy transition and help accelerate the global expansion of Korea’s nuclear power industry, the bank said Thursday. The state-run lender signed a four-way memorandum of understanding (MOU) in Hanoi with the Korea Trade Insurance Corp., Korea Electric Power Corp. and Vietnam National Industry-Energy Group (PVN) to strengthen cooperation on financing nuclear power projects in the Southeast Asian nation. PVN, also known as Petrovietnam, is Vietnam’s state-owned energy conglomerate, overseeing projects spanning oil and gas, renewable energy and nuclear power. The agreement comes eight months after the two countries reaffirmed their commitment to nuclear cooperation at a bilateral summit in August 2025, held during Vietnamese leader To Lam’s state visit to Korea. The signing ceremony was attended by Hwang Ki-yeon, chairman and CEO of Korea Eximbank, and Le Ngoc Son, chairman of PVN, in the presence of President Lee Jae Myung and Lam. Under the agreement, the parties wil
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