HANOI, April 8 (Reuters) - PetroVietnam Power (PV Power) said on Monday it has signed an agreement for a $300 million short-term loan from Citibank and ING to fund its projects to develop Vietnam's first two LNG power plants.

PetroVietnam is also in talks for a long-term loan of $600 million from the two lenders for the development of Nhon Trach 3 and Nhon Trach 4 power plants in southern Vietnam, it said in a statement.

(Reporting by Khanh Vu)