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BIDV BINH DINH GRANTS A CREDIT PACKAGE OF 500 BILLION VND FOR THE BECAMEX VSIP BINH DINH INDUSTRIAL PARK PROJECT

23/03/2022

On July 26, the Joint Stock Commercial Bank for Investment and Development of Vietnam – Binh Dinh Branch (BIDV Binh Dinh) and Becamex Binh Dinh Joint Stock Company (Becamex Binh Dinh) signed a contract to sponsor 500 billion VND for the Becamex VSIP Binh Dinh Industrial Park Project.

Pursuant to the signed contract, BIDV Binh Dinh will provide comprehensive banking and financial services related to credit activities, guarantees, deposits, payment services, foreign exchange, financial derivatives, e-banking, retail banking products, etc., to serve a variety of investment and project development activities of Becamex Binh Dinh and secondary investors. Becamex Binh Dinh uses the credit package of 500 billion VND to implement the Becamex VSIP Binh Dinh Industrial Park Project – Phase 1.

Representatives of BIDV Binh Dinh and Becamex Binh Dinh sign a sponsorship contract of 500 billion VND for the Becamex VSIP Binh Dinh Industrial Park Project. Photo: BIDV Binh Dinh.

Becamex Binh Dinh General Director, Mr. Nguyen Van Lang said, Becamex VSIP Binh Dinh Industrial Park Infrastructure Investment and Construction Project had an area of 1,000 hectares in Canh Vinh commune, Van Canh district, with a total investment capital of over 3,333 billion VND. Currently, Becamex Binh Dinh is implementing Phase 1 of the project with a total investment of nearly 600 billion VND. BIDV Binh Dinh’s support of a credit package of VND 500 billion at this time will help Becamex Binh Dinh complete the project shortly, contributing to promoting the economic development of Binh Dinh province. At the same time, it marks a new development in the comprehensive cooperation relationship between BIDV Binh Dinh and Becamex Binh Dinh and serves as the basis for the two parties to continue to support and expand business activities, towards extensive cooperation and mutual development.

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