BIDV continues to provide credit capital for 4 projects in Nghe An worth nearly 1,000 billion VND

Mr. Phan Duc Tu speaks at the Conference. Photo: Duc Anh.

Speaking at the meeting with investors, Mr. Phan Duc Tu - General Director of BIDV said that over the past 9 years, BIDV has organized and called on many domestic and foreign investors to come to Nghe An to seek investment opportunities.

VSIP Nghe An Industrial Park. Photo: Tran Chau

On the other hand, BIDV also proactively exchanged proposals and advised Nghe An province on everything from overall socio-economic development planning to ways to attract investors. Through 9 times accompanying Nghe An province from 2009 to present, BIDV has coordinated, supported and directly called on many businesses to invest in the locality.

During the previous nine conferences, BIDV signed commitments to arrange and provide credit and banking services for more than 45 projects with a total registered investment of more than VND72,500 billion.

The amount of capital BIDV commits to arrange is specifically determined based on the total investment of each approved project, financial capacity, loan demand of the Investor and the implementation status of the project. Up to now, BIDV has provided loans and modern banking products and services for many projects with a total loan turnover of over 20,000 billion VND, outstanding debt reaching 14,000 billion VND, of which many large projects have come into operation.

These are the projects: VSIP Nghe An Industrial, Urban and Service Park; Investment project to upgrade and expand National Highway 1 Nghi Son - Cau Giat; Upgrade and expand National Highway 1 section from South of Ben Thuy Bridge - Ha Tinh City bypass; Nam Pong and Hua Na Hydropower Plant Project; Song Lam Cement Factory Project; Vissai Seaport Investment Project; hospitals, industrial parks, textile factory clusters...

Song Lam Cement Factory is funded by BIDV. Photo: Tran Chau

At this 10th conference, BIDV will sign credit commitments to provide capital for the Nghi Loc Garment Factory Project of Hanoi Textile and Garment Corporation, the Automobile Components Manufacturing Project of Nagoya Vietnam Company, the Hoang Mai Water Plant Project and the Hoang Mai High-Tech Industrial Park Project of Hoang Thinh Dat Company with a total capital of nearly 1,000 billion VND.

Mr. Phan Duc Tu also affirmed that over the past 10 years, BIDV has always accompanied businesses in production, business, and economic development in Nghe An and will continue to accompany Nghe An in the coming years.