November 3, 2021, in Hanoi, the signing ceremony of the Comprehensive Cooperation Agreement and the Credit Facility Agreement for financing the Song Lo II Industrial Park (IP) Project valued at VND 1,000 billion took place between the Joint Stock Commercial Bank for Foreign Trade of Vietnam – Thanh Xuan Branch (Vietcombank Thanh Xuan) and Vinh Phuc Infrastructure Development Joint Stock Company (VPID).

Attending the signing ceremony, on behalf of VPID, were Mr. Trinh Viet Dung – Chairman of the Board of Directors; Mr. Pham Trung Kien – General Director; Mr. Le Tung Son – Member of the Board of Directors; Ms. Nguyen Ngoc Lan – Member of the Board of Directors, Deputy General Director; Ms. Nguyen Thi Hoan – Chief Accountant; and representatives of VPID’s departments. On behalf of Vietcombank were Mr. Le Quang Vinh – Deputy General Director; heads of departments/units at the Head Office; Mr. Le Huy Hoang – Director of Vietcombank Thanh Xuan; and Mr. Bach Thanh Long – Director of Vietcombank Ha Nam.

Established in 2003, Vinh Phuc Infrastructure Development Joint Stock Company (stock code: IDV), after nearly 20 years of operation and development, has been recognized as a pioneering enterprise with strong capacity, experience, and reputation in the management, investment, and business of industrial park infrastructure in Vinh Phuc Province in particular and the northern region in general. VPID continuously strives to support and create the most favorable conditions for customers and enterprises leasing land for production, enabling them to seize opportunities to expand their scale, locations, and business fields. To date, in addition to Khai Quang Industrial Park – Vinh Phuc (221.46 ha), VPID has been implementing two industrial parks and one industrial cluster, including: Song Lo II Industrial Park – Vinh Phuc (165.65 ha); Chau Son Industrial Park – Ha Nam (174.68 ha); and Hong Duc Industrial Cluster – Hai Duong (75 ha). VPID’s management and operation team is professional and highly experienced in operating and managing infrastructure investment projects, especially industrial park infrastructure. VPID continuously innovates and improves to develop industrial parks with distinctive characteristics, featuring high-quality, synchronized infrastructure and services, and a green – clean – beautiful industrial park environment, meeting even the most stringent requirements of investors from countries such as Japan, South Korea, and European nations.

Under the signed Comprehensive Cooperation Agreement, the two parties commit to maintaining comprehensive, long-term, effective, and mutually beneficial cooperation in accordance with the laws of the Socialist Republic of Viet Nam in areas including: cash management products and services; credit products and services with a commitment to provide credit for projects implemented by VPID with a total scale of VND 1,450 billion, including the Song Lo II Industrial Park infrastructure investment project valued at VND 1,000 billion; and cooperation in providing services to enterprises/secondary investors leasing land in the industrial park, among others.

Speaking at the ceremony, Mr. Le Quang Vinh, Deputy General Director of Vietcombank, expressed his confidence that the signing of the Comprehensive Cooperation Agreement marks an important milestone and a positive new beginning, creating a foundation and direction for an increasingly strong and sustainable business cooperation relationship between VPID and Vietcombank, based on an effective cooperation spirit between the parties.

.Mr. Trinh Viet Dung – Chairman of the Board of Directors of VPID expressed his sincere thanks to the leadership of Vietcombank and affirmed that the event is of great significance to VPID. He also stated that the Comprehensive Cooperation Agreement and the Credit Facility Agreement for financing the Song Lo II Industrial Park Project are the results of the continuous efforts of both parties over the past period, serving as a foundation for further cooperation and development between the two parties in the future.