Vietnam Industrial Park signs comprehensive cooperation agreement with VietinBank

On March 14, Vietnam Industrial Park Group Joint Stock Company (KCN Vietnam) and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) officially signed a Comprehensive Cooperation Agreement, marking the solid development of the long-term cooperative relationship between the two sides.

On March 14, Vietnam Industrial Park Group Joint Stock Company (KCN Vietnam) and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) officially signed a Comprehensive Cooperation Agreement, marking the solid development of the long-term cooperative relationship between the two sides.

This cooperation also lays the foundation for the implementation of special corporate credit financing packages for Vietnam's industrial parks to complete their ecosystems, including expanding the scale of land funds, factories, high-quality industrial warehouses, and prioritizing the development of bonded warehouses nationwide.

By 2030, with a warehouse infrastructure system built according to modern, sustainable criteria that meet green energy standards, along with the integration of corporate credit solutions and multi-dimensional financial support, Vietnam Industrial Park Group is committed to creating a quality investment environment, favorable for domestic and foreign investors, contributing to promoting strong growth for Vietnam's economy.

This comprehensive cooperation agreement creates the premise and favorable conditions for existing and potential customers of Vietnam Industrial Park and VietinBank to improve production capacity, expand business scale, and have more opportunities to access financial solutions and trade credit. This will bring optimal efficiency in capital flow and outstanding benefits to customers of both parties.

With the agreement just signed, Vietnam Industrial Park and VietinBank agreed to cooperate comprehensively and extensively in all areas of operation and business of each side for a period of 5 years.

Notably in the agreement, VietinBank commits to prioritize supporting capital mobilization and corporate credit activities for the business model and operations of Vietnam Industrial Park. Accordingly, Vietnam Industrial Park and its partners will be given many favorable conditions to access a variety of financial solutions and services from Vietinbank such as financing for temporary import and re-export activities, salary payment, card issuance, domestic and international payment services, providing loans for customers to pay for real estate rentals invested by Vietnam Industrial Park with preferential interest rates, lending conditions, etc.

Mr. Hardy Diec, CEO of Vietnam Industrial Park Group, affirmed that this comprehensive cooperation agreement with VietinBank is a testament to the strong development potential of Vietnam Industrial Park Group, and at the same time affirms the commitment to continuously improve service quality.

“This is a strategic move that helps us optimize financial solutions and enhance the experience for customers and partners, especially in the credit and banking sectors. This cooperation also creates a solid foundation for Vietnam Industrial Parks to continue to expand their development momentum, accompanying the Government in attracting FDI capital flows, helping Vietnam seize advantages in the current global production shift trend,” said Mr. Hardy Diec.

Mr. Tran Minh Binh, Chairman of the Board of Directors of VietinBank, emphasized that Phase 1 of VietinBank's Digital Transformation Journey is expected to be completed in 2028, however, the bank is accelerating this process with 108 initiatives to be completed by September 2026, 2 years earlier than the original plan.

“At the same time, VietinBank has also established the Data & Artificial Intelligence (Data&AI) Division with the goal of using data to make business decisions and effectively and comprehensively apply AI in banking operations, which helps VietinBank understand and optimize customer experience, thereby contributing to providing comprehensive products and services that best meet customer needs,” he said.

“With that potential, the cooperation between VietinBank and Vietnam Industrial Park Group - the leading group in applying and implementing the “green, clean and modern” industrial park real estate business model in the Vietnamese market will certainly bring value to both sides, contributing to further improving financial capacity and competitiveness for sustainable development in the future,” said Mr. Binh.

Established in 2021, after more than 4 years of construction and development, Vietnam Industrial Park Group has rapidly expanded its scale with an industrial land fund of more than 300 hectares with more than 10 high-quality ready-built warehouse and factory projects strategically located in key industrial parks in both the North and South such as DEEP C (Hai Phong), Thuan Thanh 3B (Bac Ninh), Ho Nai (Dong Nai), Phu An Thanh (Long An), Song Than 3 (Binh Duong), Phuc Dien and An Phat (Hai Duong), Tan Hung (Bac Giang).

Source: https://baodautu.vn/kcn-viet-nam-ky-thoa-thuan-hop-tac-toan-dien-voi-vietinbank-d254090.html