VPBank provides 75 million USD credit for Song Khoai Industrial Park project

Vietnam Prosperity Joint Stock Commercial Bank ( VPBank ) and Amata Ha Long Urban Joint Stock Company (Amata City Ha Long) have just held a signing ceremony of a cooperation agreement and a credit contract to finance the investment project to build Song Khoai Industrial Park (IP) in Quang Ninh province, phase 2-5. Attending the ceremony were representatives of the leaders of the parties including Amata VN Public Joint Stock Company, Amata Ha Long and VPBank.

According to the cooperation agreement, VPBank will be the credit institution approving a credit of 75 million USD (equivalent to 1,910 billion VND) to finance the Song Khoai Industrial Park project, phase 2-5, implemented by Amata City Ha Long. This exclusive credit will be disbursed within 3 years according to the project progress and has a loan term of 8 years. The goal of the agreement is to develop Song Khoai Industrial Park into one of the key industrial parks in the Northern region.

At the same time, the parties are committed to sustainable and beneficial cooperation in many areas of operation. The two parties will prioritize the use of each other's products and services, especially promoting cooperation in the following areas: Capital financing, payment services, cash flow management, international payments and trade finance... This cooperation creates the premise and favorable conditions for both parties to improve financial capacity, competitiveness and have more opportunities to access financial solutions to develop business operations.

Representatives of VPBank and representatives of Amata City Ha Long at the signing ceremony.

Speaking at the signing ceremony, Mr. Aukkares Choochouy - Member of the Board of Directors of Amata VN expressed his thanks to VPBank for this support and cooperation. At the same time, he also emphasized Amata's commitment to developing Amata City Ha Long into one of the leading modern industrial parks and an ideal destination for international investors in Vietnam.

Mr. Kamijo Hiroki - Deputy General Director of VPBank shared: “The signing ceremony is an important milestone in the cooperation relationship between the two sides, helping to exploit the potential of the two enterprises to the best, while realizing the goal of building Song Khoai Industrial Park into a model and green industrial park, a safe and sustainable investment destination. Hopefully, the close cooperation relationship between VPBank and Amata will contribute to improving operational efficiency, contributing to the sustainable development of the socio-economy , promoting cooperation between Vietnamese and Thai enterprises”.

Located in Quang Ninh province, Song Khoai Industrial Park possesses many outstanding advantages such as tax incentives, convenient connection to the highway and close to Hai Phong port and Cat Bi airport, helping to significantly improve the efficiency of logistics activities.

The project is expected to be a driving force for annual economic growth in Quang Ninh province and the Northern region, contributing to creating favorable conditions to attract more foreign direct investment (FDI), developing supporting industries, contributing thousands of billions of VND to the state budget each year, and creating stable, long-term jobs for local workers.

Over the years, VPBank has focused on financing sustainable industrial development, aiming at smart industrial parks, advanced digital infrastructure and ESG (Environment, Society, Governance) initiatives. In 2024, total outstanding green credit at VPBank will reach VND21,943 billion, up 48.5% year-on-year in 2023, mainly driven by loans serving the low-carbon transport sector, green buildings, recycling/circular economy, sustainable agriculture and forestry and renewable energy. In 2025, VPBank is expected to also accelerate growth in this sector.

This comprehensive cooperation agreement between Amata VN and VPBank marks a strong step forward for VPBank in providing comprehensive financial solutions: Project Finance, Chain Finance, Insurance - Consumer Finance... for the partner ecosystem.

About VPBank

VPBank is currently one of the leading commercial banks in Vietnam in terms of total assets, efficiency and business profits. The bank has strong operations in the retail and SME segments. At the same time, VPBank is also a pioneer in digital transformation and is proud to be one of the fastest growing private banks.

In addition, SMBC (Sumitomo Mitsui Banking Corporation) has invested 15% of shares in VPBank, where SMBC Group positions Vietnam as one of the key countries for its Multi-Franchise Strategy from 2023. Currently, SMBC is sending Japanese envoys to VPBank to promote business in many fields and support customers who want to expand their business in Vietnam.

For more information, please visit website: https://www.vpbank.com.vn

About Amata Ha Long

Amata City Ha Long was established in 2018, with a total area of 714 hectares, divided into 5 phases. Up to now, the Industrial Park has attracted 21 projects with a total investment capital of more than 2.911 billion USD, creating thousands of jobs and contributing to local economic development. Since 2024, Marubeni Group (Japan) has invested 20% of shares in Amata City Ha Long and participated in the operation and business of the Industrial Park.

AMATA's projects in general and Amata City Ha Long in particular all adhere to the principles of sustainable development and the "All Win" business philosophy, aiming for the common success of stakeholders in all three aspects: Economy, society and environment.

For more information, please visit www.amatavn.com.

Source: https://hanoimoi.vn/vpbank-tai-tro-khoan-tin-dung-75-trieu-usd-cho-du-an-khu-cong-nghiep-song-khoai-706848.html