Agreement between the Government of the Russian Federation and the Government of the Socialist Republic of Vietnam on the concession to the Government of the Socialist Republic of Vietnam of state credit for financing of assistance of the construction on the territory of the Socialist Republic of Vietnam of hydro electric power stations (2002).

The Parties have agreed that the Government of the Russian Federation concedes to the Government of the Socialist Republic of Vietnam state credit amounting to 100 million US dollars for financing of delivery of the Russian equipment and commodities manufactured in the Russian Federation, carrying out work and service by the Russian organizations, related to the aforementioned delivery, for the construction of electric power stations “Playkrong” and “Sesan 3”. The conceded credit must be used by the Vietnamese Party in the period of 2002-2007 for the payment of delivery of commodities and service carried out by the Russian organizations authorized by the Russian Federation. The Vietnamese Party pays 4, 25 annual rates of interests for the use of credit.