Vietnam Expressway Corporation (VEC), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Vietnam Bank for Agriculture and Rural Development ( Agribank ) have just signed a credit contract for the project to expand the Ho Chi Minh City - Long Thanh expressway section.
Ensuring stable funding throughout the life cycle of the highway expansion project
The credit contract was signed with a value of 6,750 billion VND with a loan term of 20 years from the first disbursement date and a grace period of 2 years. In which, Vietcombank is the leading bank to arrange capital and Agribank is the joint capital member bank.
This long-term financing structure helps credit capital to be disbursed stably and sustainably throughout the project implementation life cycle.
The participation of two prestigious and leading state-owned commercial banks in Vietnam not only ensures a stable source of capital for the project, but also contributes to creating a spillover effect in mobilizing social resources for strategic transport infrastructure development, affirming the correctness of the cooperation model between state-owned enterprises in the infrastructure sector and key commercial banks.
The partnership with two leading financial institutions in Vietnam will help VEC, the project's managing agency, enhance its capital mobilization capacity, diversify its capital structure and optimize the use of equity capital for key projects in the coming period.
Construction site of the Ho Chi Minh City - Long Thanh expressway expansion project.
Construction "3 shifts, 4 crews" speeds up progress
The Ho Chi Minh City - Long Thanh Expressway expansion project has a total investment of nearly VND15,000 billion, with VEC as the managing agency, implemented in the form of public investment with mixed capital from the central budget and capital mobilized by VEC.
The project started on August 19, 2025 and is expected to be basically completed in December 2026, as directed by the Prime Minister .
This is a particularly important and strategic traffic project, expanding development space not only for Ho Chi Minh City, Dong Nai but also the entire Southeast region.
The Ho Chi Minh City - Long Thanh Expressway is a vital route among the 8 routes connecting Long Thanh International Airport, helping to synchronously exploit and promote the investment efficiency of the Long Thanh International Airport Project; meeting the increasing transportation demand, shortening travel time and costs, attracting tourists, promoting socio-economic development, ensuring national defense and security for the key economic region in the South.
The project is also the first project implemented in the form of public investment assigned to a state-owned enterprise as the managing agency according to the provisions of the Law on Public Investment.
Currently, VEC is requiring contractors to mobilize maximum human resources and equipment; organize construction in "3 shifts, 4 shifts", "eat quickly, sleep urgently", "through holidays, Tet, and days off" to speed up progress.
VEC also directed the Project Management Board to closely coordinate with localities to remove difficulties in terms of land, common construction materials, and speed up disbursement of payments for completed volumes... striving to complete the Ho Chi Minh City - Long Thanh Expressway expansion project on schedule, ensuring quality.
Vietcombank arranges capital for many key national projects
Over the past 62 years of establishment, Vietcombank has continuously created value, accompanying the business community in many fields from infrastructure to production - trade and services. With the role of a key bank of the economy, outstanding in management capacity, asset quality and market leading position, Vietcombank has been continuously rated by international credit rating organizations such as S&P, Moody's, Fitch Ratings at the highest level in the Vietnamese banking sector, equal to the national rating level.
By the end of the third quarter of 2025, Vietcombank's total assets will reach over VND2.3 million billion, with market capitalization reaching USD20 billion. The credit structure will continue to shift towards quality and sustainability.
Vietcombank has arranged capital for many key national projects, such as: a syndicated loan of 1.8 billion USD for Component Project 3 - essential works of the Long Thanh International Airport Construction Investment Project Phase 1; a credit of more than 1 billion USD for the Block B - O Mon gas - power project chain of Petrovietnam; arranging capital for the project to invest in 50 narrow-body aircraft of Vietnam Airlines.
Phan Trang
Source: https://baochinhphu.vn/cap-6750-ty-dong-von-tin-dung-cho-du-an-mo-rong-cao-toc-tphcm-long-thanh-102251127130515921.htm
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