Vietcombank and Xuan Cau Holdings sign comprehensive cooperation agreement

Mr. Nguyen Thanh Tung, Member of the Government Party Committee, Party Secretary, Chairman of the Board of Directors of Vietcombank, said that the strategic vision, business philosophy and culture of the two sides are similar. This event is a symbol of cooperation and joining hands to build a bright future in the era of national development, affirming the commitment of the two sides to the common goal of green and sustainable development, innovation, contributing to the development of the country, bringing prosperity, convenience and happiness to the people.

Mr. Le Quang Vinh, Member of the Board of Directors, General Director of Vietcombank (right) and Mr. To Dung, Chairman of the Board of Directors of Xuan Cau Holdings signed a comprehensive cooperation agreement. Photo: VCB

Originally a trading and service business, developing the Piaggio brand in Vietnam in 1996, Xuan Cau Holdings Joint Stock Company was officially established in 2000. Up to now, focusing on the goal of green development and contributing sustainable values, Xuan Cau Holdings has become a multi-industry enterprise, making its mark in key areas including real estate, green energy, infrastructure and logistics, construction materials, and trade and services.

Xuan Cau Holdings has been investing in modern urban projects such as The Xanh Villas, Alluvia City. Real estate products built by Xuan Cau Holdings comply with international green certification criteria EDGE of IFC/WB, LEED of the US, GREENMARK of Singapore and LOTUS of Vietnam. In the field of renewable energy, Xuan Cau Holdings is one of the pioneering renewable energy developers in Vietnam with a series of projects that have been and are being implemented such as Dau Tieng 1-2-3 solar power plant, Soc Trang wind power, Nhon Hoi wind power...

Xuan Cau Holdings started cooperating with Vietcombank in 2009. Since then, the two sides have built a good and effective relationship in many fields. Some member units of Xuan Cau Holdings have established sustainable relationships with Vietcombank such as Southeast Asia Brick Joint Stock Company, Construction Materials Corporation No. 1, Truong Dinh Commercial Center Company Limited, DT1 Energy Joint Stock Company. An important milestone in the history of cooperation between the two sides is the comprehensive cooperation agreement signed on March 20, 2021 between Vietcombank Transaction Office and Xuan Cau Holdings.

After 62 years of development and growth, since the days of participating in the operation of the monetary route with the code name B29 to support the Southern battlefield, Vietcombank has affirmed its position as the leading national bank, a pioneer in innovation and international integration. In 2024, Vietcombank achieved outstanding achievements, with total assets surpassing the 2 million billion VND mark for the first time.

Vietcombank was also approved to increase its charter capital to over VND83,000 billion, becoming the bank with the largest charter capital in Vietnam. Its capitalization reached over USD20 billion and it is the only Vietnamese bank in the top 100 banks with the largest capitalization in the world and the highest-ranked Vietnamese enterprise in the top 1,000 public enterprises with the largest capitalization value globally.

In particular, Vietcombank is one of the leading banks in implementing green credit, contributing to promoting sustainable development through green credit packages, incentives in the fields of renewable energy, green buildings, and green economy. In 2024, Vietcombank will be the first bank to successfully issue VND 2,000 billion in green bonds in compliance with international standards and regulations in Vietnam.

Vietcombank provides credit of 22,000 billion VND for Alluvia City project

With the experience and capacity of a state-owned bank for more than 60 years, Vietcombank is the focal point for arranging capital for a series of key national projects such as the Block B Gas Project Chain between PVN and EVN, component project 3 - Essential works in the airport under the "Long Thanh International Airport Construction Investment Project - Phase 1", Quang Trach I Thermal Power Plant project, Lao Cai - Vinh Yen 500 kV transmission line project...

With Xuan Cau Holdings, in order to concretize the cooperation agreement in March 2021, Vietcombank Transaction Office sponsored a credit of VND 2,064 billion to implement the Dau Tieng 1 Solar Power Plant project. In addition, many units under Xuan Cau Holdings have also chosen Vietcombank as the bank to provide short-term credit.

Based on Vietcombank's financial capacity and good relationship, Xuan Cau Holdings continues to choose Vietcombank as the capital sponsor with a value of over VND 22,000 billion for the Alluvia City ecological garden urban area project in Van Giang district, Hung Yen province.

Sharing at the signing ceremony, Mr. To Dung, Chairman of the Board of Directors of Xuan Cau Holdings, said that the cooperation between the two sides is of great significance to the brand, reputation and success of Xuan Cau Holdings. The interest of the largest bank in Vietnam has motivated Xuan Cau Holdings to successfully implement the Alluvia City project, realizing the goal of sustainable development for the social community.

The signing ceremony of the comprehensive cooperation agreement and the credit contract for the Alluvia City Hung Yen project between Xuan Cau Holdings and Vietcombank is an important step forward, opening up opportunities for sustainable cooperation and strong development in the future for the two units.

Source: https://daibieunhandan.vn/hop-tac-toan-dien-huong-toi-phat-trien-ben-vung-post411596.html