EVN's Quảng Trạch II power plant will start operating at least six months later than its planned April 2030 opening, putting Vietcombank into financial risk.

EVN began building the VND 40.1 trillion (US$1.5 billion) plant on 20 October but has yet to sign a gas supply agreement with PV GAS. The plant needs gas for testing from April 2029, yet the Vũng Áng import terminal that will supply it was still at the feasibility-study stage in August 2026. Similar delays affected Vietnam's Nhơn Trạch 3 and 4 power plants, which only began operating in January 2026 after power-sale negotiations dating back to 2019. EVN is particularly vulnerable because it already has VND 13 trillion in accumulated losses and is borrowing VND 29.6 trillion (US$1.1 billion) for the project. With no alternative gas supplier, EVN may have to accept higher prices or pay for gas it does not use, leaving Vietcombank, its largest lender with VND 11 trillion (US$420 million) committed financially vulnerable to further delays.