Petrovietnam - BIDV Bank: Cooperation, creating breakthrough momentum

At the meeting, BIDV General Director Le Ngoc Lam informed about the results of cooperation between the two sides in the past time. Since 2020, BIDV has implemented and maintained high credit limits for Petrovietnam and its member units.

BIDV General Director Le Ngoc Lam informed about the results of the cooperation. Photo: Petrovietnam

In addition, BIDV also periodically provides research reports and in-depth analysis on macroeconomics and financial and monetary markets to effectively support Petrovietnam's management, along with many other useful banking products.

On the Group's side, Petrovietnam General Director Le Ngoc Son emphasized that Petrovietnam's strategic goal by 2030 is to enter the Top 500 largest enterprises in the world, which means there will be great pressure on growth, investment and especially the requirement to arrange financial resources for the Group's key projects.

Petrovietnam General Director Le Ngoc Son speaks at the meeting. Photo: Petrovietnam

BIDV General Director Le Ngoc Lam expressed his hope that in the coming time, BIDV will continue to support and accompany Petrovietnam in providing and consulting on credit, loans, and bond issuance; and is ready to connect Petrovietnam in M&A projects with businesses in the energy sector such as electricity production, trading, port warehouses, petroleum, etc.

To realize that goal, General Director Le Ngoc Son hopes that BIDV will continue to accompany and support Petrovietnam in sharing experiences and strengthening cooperation in the fields of finance and credit, especially in arranging capital for strategic energy projects.

Petrovietnam Chairman of the Board of Directors Le Manh Hung highly appreciated the cooperation over the past time. Photo: Petrovietnam

At the meeting, Chairman of the Board of Directors of Petrovietnam Le Manh Hung highly appreciated the cooperation between the two large state-owned economic enterprises in recent times, which has brought about efficiency and positive developments. Petrovietnam always trusts and thanks BIDV for its companionship, especially in the process of handling many difficult projects.

Petrovietnam Chairman of the Board of Directors Le Manh Hung emphasized that in the context of the world in general and Vietnam in particular promoting energy transition and economic electrification, Petrovietnam has built appropriate growth strategies and targets to adapt. In particular, the focus is on increasing services, improving production capacity, thereby promoting investment.

Overview of the working session. Photo: Petrovietnam

At the same time, he expressed his hope that in the coming time, BIDV will continue to accompany the Group to remove difficulties in some member units, build a governance model that brings benefits to both sides; continue to pay attention and prioritize resources for Petrovietnam's credit needs.

On behalf of BIDV's Board of Directors, Chairman Phan Duc Tu expressed his agreement with Petrovietnam's proposals and highly appreciated Petrovietnam's important role in the country's economy. BIDV's Chairman pledged that the Bank will devote all resources with preferential policies to maximally meet Petrovietnam's credit needs, and together promote development cooperation.

Source: https://daibieunhandan.vn/petrovietnam-ngan-hang-bidv-hop-tac-tao-dong-luc-but-pha-10383512.html