On August 28, 2023, in Ho Chi Minh City, Construction Corporation No. 1 - Joint Stock Company (CC1) and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) - Ho Chi Minh City Branch conducted signing a credit contract for the period 2023 - 2024.
Attending the signing ceremony, on CC1's side, there was the presence of Mr. Nguyen Van Huan - Chairman of the Board of Directors, members of the Board of Directors and management level staff of the Corporation. On the side of BIDV - Ho Chi Minh City Branch, there was the participation of Mr. Tran Phu Dung - Director of BIDV - Ho Chi Minh City Branch, representatives of the Board of Directors and management staff of BIDV - Ho Chi Minh City Branch. Chi Minh.
According to the signed agreement, CC1 and BIDV - Ho Chi Minh City Branch will strengthen cooperation towards the goal of becoming partners in building long-term, sustainable strategies, maximizing the potential and strengths of both sides.
In particular, in a difficult and volatile market context, the cooperation between two large enterprises in the banking and construction sectors affirms the efforts of Vietnamese businesses to recover, break through, and develop sustainably. solid; contributing to promoting the general prosperity of the national economy and society.
BIDV is known as the commercial bank with the longest history and largest total assets in Vietnam with a scale as of December 31, 2022 reaching 2.08 million billion VND, total outstanding loans reaching 1.5 million billion VND, leading the market share in credit, ranked 2nd in the number of individual customers with more than 13.4 million customers. BIDV's ecosystem operates in four main areas: Banking - Insurance - Securities and Financial Investment with a network of more than 1,060 branches and transaction offices in Vietnam and commercial presences in 6 countries. and territories, establishing partnerships with 2,300 financial institutions globally.
Over the past two decades, BIDV - Ho Chi Minh City Branch and CC1 have always been each other's trusted partners. CC1's success always comes with the companionship and side by side of BIDV - Ho Chi Minh City Branch, reflected in many key national projects and works such as: Saigon Port International Container Terminal, Factory Duyen Hai 1 Thermal Power Plant, Nghi Son 1 – 2 Thermal Power Plant, Long Son Petrochemical Complex, Nghi Son Refinery and Petrochemical Plant, Ho Chi Minh City Police Headquarters, Hai Phong – Thai Binh Coastal Road, Hanh Phuc Apartment,... These massive, modern, practical projects have helped change the appearance of many provinces and localities, contributing to the country's growth.
Following the above successes and with many years of experience in financing large-scale construction packages across the country, CC1 and BIDV - Ho Chi Minh City Branch have worked and agreed on terms to Conducting the signing ceremony of credit contract for the period 2023-2024. Accordingly, the total limit value is 3,500 billion VND (an increase of 2,000 billion compared to the previous year's credit limit). In particular, BIDV - Ho Chi Minh City Branch will be the bank that arranges short-term, medium- and long-term capital sources for production and business activities of CC1 as well as its Subsidiaries and Associate Companies in various fields. Construction and investment in projects of the Corporation.
Speaking at the signing ceremony, Mr. Nguyen Van Huan - Chairman of the Board of Directors of Construction Corporation No. 1 - JSC said that BIDV in general and BIDV - Ho Chi Minh City Branch in particular and CC1 have always been reliable partners. , accompanying development for many years. Chairman of the Board of Directors emphasized: “The signing ceremony of the Credit Contract for the period 2023 - 2024 between CC1 and BIDV - Ho Chi Minh City Branch marks a successful continuation and is a premise in the upcoming cooperation roadmap. With the foundation and long history of development of both sides, CC1 believes that this is a stepping stone and an opportunity to affirm the position of both CC1 and BIDV - Ho Chi Minh City Branch. This is a positive sign to strengthen internal strength, improve competitiveness, expand domestic market share and serve as a basis for developing business activities in the international market."
Also within the framework of the program, Mr. Tran Phu Dung - Director of BIDV - Ho Chi Minh City Branch shared: "The signing ceremony of the credit contract for the period 2023 - 2024 between CC1 and BIDV - Ho Chi Minh City Branch does not stop at a new limit, a new stature, but this is the basis to move towards a full cooperation. face. BIDV – Ho Chi Minh City Branch commits to always innovate, adapt and respond to all business opportunities based on the desire to respectfully cooperate, complete business goals, and develop sustainably and stably for both sides."
The signing ceremony of the Credit Limit Contract between CC1 and BIDV - Ho Chi Minh City Branch is a clear demonstration of the determination to accompany and successfully implement the business strategy of the two units. The cooperative relationship will contribute to promoting strong and sustainable development for each other, bringing not only economic value but also creating value for the community.