VDB will pour over 35,500 billion VND into a series of investors in Ninh Thuan

Mr. Le Van Hoan, Chairman of the Board of Directors of Vietnam Development Bank (VDB), affirmed that all potential projects in Ninh Thuan province are eligible for VDB loans.

Ninh Thuan Provincial People's Committee has just coordinated with Vietnam Development Bank (VDB) to organize a conference to connect investors and implement state investment credit policies in Ninh Thuan province.

Speaking at the conference, Mr. Le Van Hoan, Chairman of the Board of Directors of Vietnam Development Bank, assessed that with its favorable location, Ninh Thuan province is becoming an attractive destination for investors and businesses; especially in the near future when implementing key national projects such as Ninh Thuan Nuclear Power Project 1 and 2.

In addition, Ninh Thuan province is also a difficult and especially difficult area, so the province's potential projects are all eligible for VDB loans.

“Today’s conference will be a bridge between businesses and investors, and also a forum to share, discuss, and explore investment cooperation opportunities in potential projects that have a great impact on the socio-economic development of Ninh Thuan province and the South Central region,” said Mr. Hoan.

According to Mr. Hoan, VDB provides a financial amount to create momentum to promote growth and socio-economic development of the country, the region and many localities.

The Chairman of the Board of Directors of the Vietnam Development Bank also affirmed that with the potential strengths of Ninh Thuan province, as well as with the current regulations on credit mechanisms and policies, VDB always aspires to the future with the message of innovation and breakthrough development. This is considered a premise to open up many cooperation opportunities, promote investment activities to connect deeply between businesses, investors with Ninh Thuan province, and VDB.

Mr. Dao Quang Truong, General Director of the Vietnam Development Bank, informed that according to Decree No. 78/2023/ND-CP of the Government on State investment credit, the investment credit policy of VDB in localities has been amended and supplemented with a number of articles compared to Decree No. 32. The regulation has been more open and removed some preferential policies compared to the current trade policy.

Mr. Hoan said that according to regulations, VDB's lending portfolio focuses on a number of key areas, infrastructure projects, socio-economic development with large capital needs, serving the policies and orientations of the Party and the State such as key transport infrastructure projects, airports, energy, social housing, high technology, industrial park infrastructure, clean water supply, rural agricultural development, security sector, hospitals, schools and investment projects in difficult and extremely difficult areas.

The maximum loan amount is equal to 70% of the total investment of the project; the credit limit for a customer can be up to 9,000 billion VND, a group of customers can be up to 15,000 billion VND. Regarding the loan term, VDB considers and decides the loan term based on each project and on the basis of the results of the assessment of production and business characteristics and the ability to recover capital. For large key projects, the loan term is usually up to 15 years. VDB's loan interest rate is not lower than 85% of the average interest rate of commercial banks in the period.

Concluding the conference, Mr. Trinh Minh Hoang, Vice Chairman of Ninh Thuan Provincial People's Committee, said that Decree 78 of the Government not only affirms the key role of VDB in the appraisal, management and supervision of loans, but also contributes to orienting investment capital flows in the right direction, serving sustainable, harmonious and synchronous development according to the country's socio-economic development strategy.

Mr. Trinh Minh Hoang, Vice Chairman of Ninh Thuan Provincial People's Committee, hopes that VDB will provide timely support in terms of loans, consulting and experience sharing so that businesses have more investment resources and effectively implement key projects in the locality.

This is the basis for businesses and investors to boldly implement large-scale, dynamic projects, especially in the fields of energy, renewable energy, infrastructure of industrial parks and clusters, processing and manufacturing industries, supporting industries, high-tech agriculture, etc., contributing to promoting the socio-economic development of Ninh Thuan province. The effective use of investment credit capital will support the province in realizing the economic growth target of 13 to 14% in 2025, moving towards completing important targets throughout the term.

VDB representative signed a memorandum of understanding on cooperation in providing state investment credit capital with Trung Nam Construction Investment Joint Stock Company (estimated capital to be provided is over 14,000 billion VND).

The Vice Chairman of Ninh Thuan province happily informed that at the conference, 5 investors signed a memorandum of understanding with VDB to implement the credit package, of which 1 investor has completed the procedures and is preparing to disburse capital; at the same time, 3 investors have implemented real investments in the province and are continuing to implement potential projects.

"I hope that after today's conference, the bank will continue to work with investors in projects in the province's five investment attraction areas to continue to have credit contracts for implementation in the coming time," Mr. Hoang expected.

At the conference, VDB signed a memorandum of understanding on cooperation in providing state investment credit capital with two enterprises: Trung Nam Construction Investment Joint Stock Company (the capital source is expected to be provided with over 14,000 billion VND, which will be disbursed for the projects of investment in construction and business of infrastructure of Ca Na Industrial Park - phase 1; wind power and solar power projects according to the adjusted Power Plan VIII); BIM Group Joint Stock Company (the capital source to be provided with credit is expected to be about 5,000 billion VND).

Along with that, VDB also signed a memorandum of understanding on cooperation agreement on providing state investment credit capital with K-MS Group Joint Stock Company (about 15,000 billion VND); SEAGULL ADC Ninh Thuan Company Limited (over 500 billion VND); Phu An Thanh Gia Company Limited (1,000 billion VND).

Source: https://baodautu.vn/vdb-se-rot-tren-35500-ty-dong-cho-loat-nha-dau-tu-tai-ninh-thuan-d285189.html