Accordingly, the credit package with a limit of VND 5,000 billion is the capital source that LPBank finances for real estate projects of Hung Thinh Corporation and its member companies, disbursed according to specific progress to continue building and developing projects. The event is a testament to LPBank's efforts in closely following the Prime Minister's Official Dispatch No. 993 on continuing to promote credit lending to the real estate sector. It is known that this bank focuses on prioritizing credit lending policies with flexible interest rates, proactively reducing costs to reduce interest rates, always having special credit promotion policies for feasible real estate projects with fast implementation progress, contributing to promoting socio-economic development.
Mr. Ho Nam Tien, General Director of LPBank, affirmed that the VND5,000 billion credit package is a concrete implementation of the commitment to comprehensive cooperation and mutual development between LPBank and Hung Thinh Corporation. The Bank always accompanies and supports Hung Thinh Corporation to overcome difficulties in capital sources, providing effective and safe financial solutions, helping businesses stabilize operations and quickly overcome the general difficult period of the economy. At the same time, this activity also once again affirms that LPBank is always one of the leading banks in implementing the policies of the Government and the policies of the State Bank in supporting and accompanying businesses and people to conveniently and safely access credit capital.
Mr. Ho Nam Tien and Mr. Nguyen Dinh Trung signed the credit contract.
Mr. Nguyen Dinh Trung, Chairman of the Board of Directors of Hung Thinh Corporation, said that the real estate market has faced many difficulties recently. This is a very positive and timely cooperation and demonstrates the bank's determination to help the market overcome those difficulties. LPBank's credit package helps to remove capital bottlenecks for businesses in Hung Thinh Corporation and hundreds of contractors in unfinished projects. "I believe that this source of capital will have a positive impact on the real estate market, contributing to creating tens of thousands of jobs for workers, creating affordable houses for people, especially young families, thereby promoting economic recovery, in line with the policies of the Party and the State," said Mr. Trung.
The signing ceremony and implementation of the 5,000 billion VND credit loan package between LPBank and Hung Thinh Corporation continues to mark a new step forward in the comprehensive cooperation process, bringing the relationship between the two sides to a strategic, long-term and sustainable level. The resonance of strengths and mutual support in all aspects will enhance the competitive position of the two units in the trend of economic and international integration, bringing the best business efficiency, and developing together strongly in the future.
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