On July 25, in Hanoi, Hateco Group signed a comprehensive cooperation agreement with Vietcombank to establish credit extension for Project Port 5 & 6, Lach Huyen, Hai Phong. The signing ceremony was witnessed by Mr. Nguyen Thanh Tung – Deputy General Director of Vietcombank, Mr. Tran Tri Manh – President of VNPAY, Mr. Tran Van Ky – President of Hateco Group and executive boards.
Approving by Prime Minister of Vietnam, Project Port 5 & 6 Lach Huyen, Hai Phong is 900m long, which could deal with 18,000 Teus containers and above. At the end of 2024, the berth will be one of the largest water-seaports in the country. Having a strategic location, the berth is an important trade gateway of Northern Vietnam to other continents, affirming the reduction of time and cost of shipping containers by sea, which means increasing the value of logistics and supply chain management. This helps promoting foreign investment, developing domestic production, improving national competitiveness and enhancing Hateco’s sea-port brand equity. At present, the world's leading shipping lines are working closely with Hateco Group to optimize the port's capacity.
Mr. Nguyen Thanh Tung, Deputy General Director of Vietcombank, said: “This is a large-scale credit granting of Vietcombank to an infrastructural project, affirming the trust and commitment of Vietcombank to Hateco Group. Hateco’s operating experience and reputation would ensure the berth’s progress. With the harmony of corporate culture, always taking trust and responsibility as the guideline for operating business, it will be an important premise for the two sides to cooperate closely, long-term and effectively, thereby contributing to the expansion of the national economy”.
Vietcombank is noted as a pioneer commercial bank in Vietnam with the market capitalization of 16.5 billion USD. On the basis of the terms of the agreement, Vietcombank and Hateco will concretize the contents, cooperation products and services, and organize implementation to achieve the set goals. The two parties will give priority to using each other's products and services, especially focusing on promoting cooperation in areas such as credit financing, payment and cash flow management, international payment and finance, trade, foreign exchange services and capital markets.
Mr Hoang Dinh Tuan, Hateco Group’s General Manager, expressed his honor and pride to cooperate with Vietcombank. Comprehensive and professional banking and finance from Vietcombank contributes to creating motivations and promoting the sustainable development of the two enterprises in particular as well as the development of the Vietnam’s economy.
Representatives of Hateco Group and Vietcombank sign a comprehensive cooperation agreement
The signing ceremony between Hateco HIT and Hai Phong's Vietcombank for credit extension of construction project Berth No. 5 & 6 Lach Huyen, Hai Phong
The signing of a principle agreement on credit granting for Port Projects No. 5 & 6 is a strong testament to the strategic cooperation between the two firms and declares Vietcombank's sustainable development strategy through supporting and accompanying qualified investors, implementing transparent, long-term and sustainable economic projects. Those also demonstrate the trust of a national reputable partner as Vietcombank for Hateco Group.
Representatives exchange presents to congratulate the success of the signing ceremony
