VietinBank and Viet Phuong Investment Group Joint Stock Company cooperate comprehensively

On June 21, 2025, in Hanoi, a comprehensive cooperation signing ceremony took place between Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and Viet Phuong Investment Group Joint Stock Company (Viet Phuong Group). Also within the framework of the program, a credit contract signing ceremony to finance the My Thuy International Port project took place.

Promoting strategic cooperation, opening a new turning point for logistics infrastructure development
The event marks an important step forward in the strategic cooperation between the parties, and lays the foundation for the implementation of the next phases of one of the key logistics infrastructure projects in the North Central region, promising to create a strong boost for the development of the marine economy and promote regional connectivity, the starting point of the East-West economic corridor connecting Vietnam, Laos and Thailand.

Mr. Tran Minh Binh - Chairman of VietinBank Board of Directors speaking at the event

Attending the Ceremony, on VietinBank's side were Mr. Tran Minh Binh - Chairman of the Board of Directors (BOD), Mr. Nguyen Tran Manh Trung - Member of the Board of Directors and General Director; on Viet Phuong Group's side were Mr. Phuong Huu Viet - Chairman of the Group, Ms. Phuong Minh Hue - General Director; along with representatives of the Board of Directors of both sides, the Leaders of My Thuy International Port Joint Stock Company and honored guests.

VietinBank and Viet Phuong Group signed a comprehensive cooperation agreement

My Thuy International Port - A highlight connecting the East-West economic corridor
My Thuy International Port is planned to be built in Quang Tri province, a national general port, capable of receiving 100,000 DWT ships, with a total investment of up to 15,000 billion VND. The project has a total scale of 685 hectares, implemented in 3 phases. Phase 1 is expected to build 4 ports with a design capacity of about 12 million tons/year. When fully completed, the project will include 10 main ports, capable of receiving 100,000 DWT ships. The project is the starting point for a model of port linkage - multimodal transport - international trade - industry - energy, connecting and expanding development space through the East - West economic corridor, trans-Asia routes and connecting transport routes across the East Sea to continents. Financial and credit services from VietinBank will help investors shorten implementation time, improve investment efficiency and strengthen international cooperation.

VietinBank signed a credit contract to finance the My Thuy International Port project.

Speaking at the event, Mr. Tran Minh Binh - Chairman of the Board of Directors of VietinBank said: "VietinBank always promotes the role of accompanying businesses in implementing essential infrastructure projects of the country. The sponsorship of the My Thuy International Port Project is not only of financial significance; but also marks the foundation for the strategic cooperation between the two sides in the following projects".

Sharing at the event, Mr. Phuong Huu Viet - Chairman of Viet Phuong Investment Group Joint Stock Company emphasized: "We highly appreciate the companionship of VietinBank - a prestigious and professional financial partner. The signing of the project financing cooperation agreement is not only a memorable milestone in the history of cooperation between the two parties; but also creates open prospects for logistics infrastructure investment activities in Vietnam in the coming time".

In addition to the Signing Ceremony, the event is also an opportunity for the two sides to exchange and share strategic visions on sustainable infrastructure development, optimizing financial resources and business resources to meet the needs of local and national economic growth.

The cooperation between VietinBank and My Thuy International Port continues to affirm VietinBank's pioneering role in accompanying strategic infrastructure development projects, contributing to promoting green and sustainable growth innovation, increasing regional connectivity and enhancing national competitiveness.

Source: https://www.vietinbank.vn/vi/tin-tuc/tin-tuc-va-su-kien/vietinbank-va-cong-ty-co-phan-tap-doan-dau-tu-viet-phuong-hop-tac-toan-dien-20250624081716-00-html