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Vietcombank signs cooperation agreement with IDICO, accompanying businesses in sustainable transformation

(Chinhphu.vn) - On May 27, in Ho Chi Minh City, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and IDICO Corporation - Joint Stock Company (IDICO) officially signed a cooperation agreement and signed a credit contract worth VND4,000 billion to finance the Tan Phuoc 1 Industrial Park (IP) project.

Báo Chính PhủBáo Chính Phủ28/05/2025

The event marked an important step forward in the partnership between the two sides, affirming Vietcombank 's pioneering role in accompanying businesses on the green transformation journey, actively contributing to Vietnam's goal of achieving "0" net emissions by 2050. Previously, the two sides successfully signed a credit contract worth VND 2,450 billion for the Vinh Quang Industrial Park (Phase 1) project - IDICO's first newly invested ecological industrial park in April 2025.

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Mr. Le Quang Vinh - Member of the Board of Directors, General Director of Vietcombank (right) and Mr. Dang Chinh Trung - Member of the Board of Directors, General Director of IDICO (left) representing the two units completed the signing ceremony of the cooperation agreement in the presence of delegates.

As the country's leading financial institution with total assets of over VND 2 million billion, a network of 731 branches and transaction offices, and a comprehensive financial ecosystem, Vietcombank provides a variety of services to 28 million individual customers and more than 500,000 institutional customers.

In particular, promoting the role of a leading and key bank, Vietcombank is the focal point for arranging capital for a series of key and national key projects such as: providing credit (syndicated capital) worth 1.8 billion USD for Component Project 3 of the Long Thanh International Airport Construction Investment Project - Phase 1; arranging credit for the Block B Gas Project Chain;... Most recently, Vietcombank has provided capital worth over 22,000 billion VND for the Alluvia City Ecological Garden Urban Area project in Van Giang, Hung Yen .

Vietcombank is the first bank to successfully issue VND2,000 billion in green bonds in compliance with Vietnamese law and the voluntary Green Bond Principles of the International Capital Market Association (ICMA). Within 4 years, the bank has quadrupled its green credit portfolio from VND11,765 billion in 2020 to nearly VND47,600 billion in 2024.

The signing event not only demonstrates the strategic trust between the two leading brands, but also concretizes the commitment to develop a green economy and enhance national competitiveness. Through modern financial solutions, Vietcombank provides stable and flexible capital, affirming its role as a reliable financial partner, aiming for long-term companionship, building a green transformation journey with IDICO, bringing positive values ​​to society.

Mr. Minh

Source: https://baochinhphu.vn/vietcombank-ky-ket-hop-tac-voi-idico-dong-hanh-cung-dn-chuyen-doi-ben-vung-102250528171041698.htm


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