Hung Thinh Corporation is granted 5,000 billion VND credit

On October 30, Lien Viet Post Joint Stock Commercial Bank (LPBank) and Hung Thinh Corporation signed a credit contract with a limit of VND5,000 billion to concretize the comprehensive cooperation commitment that the two sides had previously signed.

The VND5,000 billion credit package 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 the projects.

According to LPBank, this is the bank's effort to comply with and properly implement the State Bank's direction on continuing to promote credit lending to the real estate sector.

The VND5,000 billion credit package is the source of capital that LPBank finances for real estate projects of Hung Thinh Corporation and its member companies. Photo: Binh An

Mr. Ho Nam Tien, General Director of LPBank, affirmed that 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 soon overcome the general difficult period of the economy.

Mr. Nguyen Dinh Trung, Chairman of Hung Thinh Corporation, shared 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. This source of capital will have a positive impact on the real estate market, thereby promoting economic recovery..." - Mr. Trung shared.

Source: https://nld.com.vn/kinh-te/tap-doan-hung-thinh-duoc-cap-tin-dung-5000-ti-dong-20231030100830878.htm