Attending the ceremony were Deputy Prime Minister Ho Duc Phoc; Secretary of the Hung Yen Provincial Party Committee Nguyen Huu Nghia; Deputy Head of the Government Office Mai Thi Thu Van; Deputy Governor of the State Bank of Vietnam Nguyen Ngoc Canh; and representatives of leaders from central and local ministries, departments, and agencies, the investor, and contributing banks.
Deputy Prime Minister Ho Duc Phuoc delivers a speech.
Key projects in the Capital Region need new impetus for development.
The Hanoi Capital Region Ring Road 4 Project, with an estimated total length of 113.52 km, passes through Hanoi and the provinces of Hung Yen and Bac Ninh, playing a particularly important role in the national transportation infrastructure network. Upon completion, the project is expected to provide impetus to alleviate congestion in the inner city, connect urban, industrial, and logistics areas, and link with radial expressways, forming a comprehensive transportation infrastructure system that serves as the "backbone" for the entire region.
Overview of the Signing Ceremony
The project has a total investment of over 85,000 billion VND, divided into 3 main component projects, of which Component Project 3 - Investment and construction of the expressway is implemented under the public-private partnership (PPP) method, with a total investment of over 53,553 billion VND.
The capital structure of component project 3 includes 44% state budget capital and 56% capital mobilized by investors. The total capital mobilized by investors for the project is VND 29,944 billion. The loan arrangement is VND 25,453 billion, with the main participation of commercial banks: Vietnam Agricultural and Rural Development Bank (Agribank): VND 15,453 billion (60%); Military Commercial Joint Stock Bank (MB): VND 5,000 billion (20%); Vietnam Investment and Development Bank (BIDV): VND 3,000 billion (12%); Vietnam Modern Bank Limited (MBV): VND 2,000 billion (8%).
Component Project 3 officially commenced construction on September 6, 2025. The collaboration of the consortium of investors and banks plays a crucial role in ensuring the financial viability and progress of the project, opening up new impetus for future development.
Chairman of the Board of Directors of Agribank, To Huy Vu, delivered a speech.
Determined to develop key national projects.
The Hanoi Capital Region Ring Road 4 construction project is one of the most important transportation infrastructure projects currently underway. Component Project 3, implemented under the public-private partnership (PPP) model, is a vivid example of the Party and State's correct and consistent policy of maximizing social resources for infrastructure development, while simultaneously improving capital efficiency and ensuring a harmonious risk-sharing mechanism between the public and private sectors.
Overview of the Signing Ceremony
Within the framework of the Project implementation, Agribank has closely coordinated with reputable credit institutions with strong financial resources and extensive experience to jointly finance Component Project 3.
At the signing ceremony, Agribank Chairman To Huy Vu emphasized: “The cooperation between Agribank and commercial banks is not only about co-financing capital, but also about converging and complementing each other in financial capacity, risk management experience, and in-depth understanding of large-scale infrastructure projects. It also demonstrates a high sense of responsibility, solidarity, unity, and shared determination of the banking system towards key projects.”
The signing ceremony of the credit agreement is a significant event for Agribank and the participating banks in financing the implementation of a key national transportation infrastructure project, with long-term strategic importance for the socio-economic development of Hanoi, the Capital Region, the Northern key economic region, and the entire country. It vividly demonstrates the proactive, responsible, and highly determined partnership of the banking system with the Party, the State, and localities in realizing major policies on developing a synchronous and modern infrastructure, creating a solid foundation for rapid and sustainable development.
"
Currently, Agribank's total assets reach nearly 2.7 trillion VND; mobilized capital reaches 2.4 trillion VND, and outstanding loans to the economy reach nearly 2 trillion VND...
The event is even more significant as it is held in the early days of 2026 – the beginning of a new phase of national development, taking place in an atmosphere of excitement and enthusiastic competition leading up to the 14th National Congress of the Party, reflecting the aspirations, determination, and belief in a prosperous future for the nation.
Speaking at the ceremony, Deputy Prime Minister Ho Duc Phoc expressed his confidence that, with the prestige and experience of the investors and commercial banks participating in financing, the Ring Road 4 Project - Hanoi Capital Region will be completed and put into use on schedule with the highest quality, contributing to the socio-economic development of the Hanoi Capital Region and the whole country.
Agribank prioritizes investment resources for the development of key projects.
"
In 2025, Agribank will implement many preferential interest rate credit programs and products with a total scale of nearly 700 trillion VND, focusing on priority areas and growth drivers, and strengthening credit provision for many sectors related to public investment such as loans for infrastructure construction and development, the energy sector, etc.
As a leading commercial bank, Agribank participates in the project as the lead arranger and major provider of capital. Of the total loan requirement of VND 25,453 billion, Agribank is committed to providing VND 15,453 billion. This disbursement accounts for 60% of the total credit contract value. In addition, Agribank Insurance, the leading insurance company in the consortium, provides comprehensive protection for component project 3, contributing to risk management during project implementation, protecting the capital of commercial banks, and strengthening confidence to enable the investor to proceed ahead of schedule.
Agribank's role as the lead arranger for the Project not only helps mobilize significant financial resources for project implementation, but also demonstrates Agribank's potential and determination to support the strategic goals of the Party, State, and Government in implementing key national and local projects.
Source: https://daibieunhandan.vn/agribank-lam-dau-moi-thu-xep-khoan-tin-dung-25-453-ty-dong-cho-du-an-duong-vanh-dai-4-vung-thu-do-ha-noi-10403584.html
Comment (0)