Agribank is acting as the lead arranger for over 25 trillion VND for the Ring Road 4 - Capital Region project.

(Chinhphu.vn) - On the afternoon of January 12th, in Hanoi, Agribank, along with other commercial banks MB, BIDV, MBV, and Hanoi Ring Road 4 Expressway Joint Stock Company, officially signed a credit agreement to finance the investment and construction project of Ring Road 4 - Hanoi Capital Region, aiming to ensure sufficient capital for the implementation of this key national project.

Signing ceremony for the credit agreement to finance the investment project for the construction of Ring Road 4 - Hanoi Capital Region - Photo: VGP/HT

Attending the signing ceremony were Comrade Ho Duc Phoc, Member of the Central Committee of the Party, Deputy Prime Minister; representatives of leaders from central ministries and agencies; leaders of Hanoi city and Hung Yen and Bac Ninh provinces; as well as representatives of the investor, contributing shareholders and participating banks.

Securing funding for strategic infrastructure projects.

The Hanoi Capital Region Ring Road 4 project has a total length of approximately 113.52 km, passing through Hanoi and the provinces of Hung Yen and Bac Ninh. This road plays a crucial role in the national transportation infrastructure system, expected to help alleviate traffic congestion in Hanoi's inner city, while also strengthening connections between urban areas, industrial zones, logistics centers, and radial expressways.

Upon completion, Ring Road 4 will form a continuous transportation axis, creating momentum to promote socio-economic development, expand development space, and enhance the competitiveness of the entire Capital Region.

The total investment for the entire project exceeds 85,000 billion VND, divided into 3 component projects. Of these, Component Project 3 - the construction of the expressway - is implemented under the public-private partnership (PPP) model, with a total investment of over 53,553 billion VND.

The capital structure of Component Project 3 consists of 44% state budget capital and 56% capital mobilized by investors. The total capital mobilized by investors is VND 29,944 billion, of which commercial banks arranged credit worth VND 25,453 billion.

Agribank acted as the lead arranger and provided VND 15,453 billion, accounting for 60% of the total loan value. Co-financing banks included: Military Commercial Joint Stock Bank (MB) contributing VND 5,000 billion (20%); Vietnam Investment and Development Bank (BIDV) contributing VND 3,000 billion (12%); and Vietnam Modern Bank Limited (MBV) contributing VND 2,000 billion (8%).

Component Project 3 commenced on September 6, 2025. The early completion of securing credit financing is considered a key factor in ensuring financial viability, maintaining construction progress, and creating a foundation for new development momentum for the entire region.

Deputy Prime Minister Ho Duc Phoc speaks at the signing ceremony - Photo: VGP/HT

Confirming the effectiveness of the PPP model.

The Hanoi Capital Region's Ring Road 4 project is one of the most important transportation infrastructure projects currently underway. Specifically, Component 3, implemented under the PPP (Public-Private Partnership) model, clearly demonstrates the consistent policy of the Party and State in mobilizing social resources for infrastructure development investment, while simultaneously improving capital efficiency and harmonizing risk sharing between the public and private sectors.

Speaking at the signing ceremony, Deputy Prime Minister Ho Duc Phoc highly appreciated the capacity and reputation of the investors participating in the project, noting that these are units with extensive experience in implementing large-scale projects, ensuring progress and quality. In the context of increasingly完善 mechanisms and policies, the investors have clearly demonstrated their ability to undertake large-scale projects of strategic significance.

The Deputy Prime Minister also acknowledged the role of state-owned commercial banks in providing funding, including Agribank, BIDV, and MB – credit institutions that have partnered with many key national projects, possessing professional staff and high risk management capabilities.

According to the Deputy Prime Minister, upon completion, Component Project 3 of Ring Road 4 will contribute to expanding the development space of the capital city, creating a modern and synchronized infrastructure appearance, in line with long-term planning orientations.

Deputy Prime Minister Ho Duc Phoc requested that all relevant parties focus on implementing several key tasks. First and foremost is ensuring a smooth flow of capital for the project, preventing any interruptions during construction, as this directly affects the overall progress and investment efficiency.

In addition, investors need to pay special attention to the quality of construction, treating the project as their own long-term asset, in order to ensure sustainability, safety, and exploitability for decades.

Government leaders also requested that the construction process strictly adhere to the design, ensuring labor safety, environmental hygiene, and urban aesthetics, creating modern transportation infrastructure worthy of the capital city. The Deputy Prime Minister expressed his hope that the project would be completed soon, put into operation, maximize investment efficiency, and bring benefits to the State, investors, and the people.

Agribank prioritizes resources for key projects.

Speaking at the signing ceremony, Mr. To Huy Vu, Chairman of the Board of Members of Agribank, said that within the framework of the project, Agribank has closely coordinated with credit institutions with strong financial potential, risk management experience, and in-depth knowledge of large infrastructure projects to jointly participate in financing Component Project 3.

Mr. To Huy Vu, Chairman of the Board of Members of Agribank, speaks at the signing ceremony - Photo: VGP/HT

According to Mr. To Huy Vu, the cooperation goes beyond simply co-financing capital; it also involves complementing each other's capabilities, experience, and responsibilities, contributing to improved project implementation efficiency. As a leading state-owned commercial bank, Agribank is committed to partnering with the Government, localities, and businesses in infrastructure development, ensuring strict, transparent, and legally compliant credit management.

Of the project's total loan requirement of VND 25,453 billion, Agribank has committed to providing VND 15,453 billion, demonstrating its leading role in arranging capital and its financial capacity in participating in key national projects.

Furthermore, Agribank Insurance is the leading unit in the insurance consortium, providing comprehensive insurance solutions for Component Project 3, contributing to strengthening risk management, protecting the capital of financing banks, and supporting the investor during the implementation process.

Representing the investor, Mr. Truong Viet Dong - Chairman of the Board of Members of the Vietnam Expressway Investment and Development Corporation - stated that Component Project 3 is a clear testament to the policy of mobilizing social resources for infrastructure development, and also demonstrates the State's confidence in the business sector.

Investors are committed to fulfilling all obligations under the signed project contract and credit agreement, focusing financial resources, personnel, and management expertise to implement the project scientifically, transparently, ensuring progress, quality, and safety, meeting the expectations of the Government, local authorities, and people in the areas where the project passes through.

The signing ceremony, held in the early days of 2026, signifies the beginning of a new development phase, contributing to the realization of major policies on the development of a synchronous and modern infrastructure, creating a solid foundation for the socio-economic development of Hanoi and the Capital Region in the coming time.

By the end of 2025, Agribank's total assets are expected to reach nearly VND 2.7 trillion; mobilized capital will reach VND 2.4 trillion; and outstanding loans to the economy will reach nearly VND 2 trillion. In 2025, Agribank implemented numerous preferential credit programs with a total scale of nearly VND 700,000 billion, focusing on priority areas, including investment in construction and infrastructure development, contributing to economic growth and macroeconomic stability.

Huy Thang

Source: https://baochinhphu.vn/agribank-lam-dau-moi-thu-xep-hon-25-nghin-ty-dong-cho-du-an-vanh-dai-4-vung-thu-do-102260112200616669.htm