VietinBank and Viet Phuong Investment Group Joint Stock Company cooperate comprehensively

Nguyễn Thị Nhị |

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

Promoting strategic cooperation, opening a new turning point for the development of logistics infrastructure

The event marked an important step forward in the strategic cooperation relationship between the parties, and at the same time laid 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 push for the development of the marine economy and promote regional linkages, the starting point of the East-West economic corridor connecting Vietnam, Laos, and Thailand.

Ong Tran Minh Binh – Chu tich HDQT VietinBank phat bieu tai su kien. Ảnh: VietinBank
Mr. Tran Minh Binh - Chairman of the Board of Directors of VietinBank spoke at the event. Photo: VietinBank

Attending the Ceremony, on the side of VietinBank, there 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 the side of Viet Phuong Group, there 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, leaders of My Thuy International Port Joint Venture Joint Stock Company and guests of honor.

My Thuy International Port - The highlight of connecting the East - West economic corridor

VietinBank va Tap doan Viet Phuong ky ket hop tac toan dien. Ảnh: VietinBank
VietinBank and Viet Phuong Group signed a comprehensive cooperation agreement. Photo: VietinBank

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 VND15,000 billion. The project has a total scale of 685 hectares, implemented in 3 phases. Phase 1 plans to build 4 wharves with a designed capacity of about 12 million tons/year. When completed, the project will include 10 main wharves, capable of receiving ships with a capacity of 100,000 DWT. The project is the starting point for the model of linking ports - multi-modal transport - international trade - industry - energy, connecting, expanding development space through the East - West economic corridor, cross-Asia routes and connecting transport routes across the East Sea to continents. Financial - credit services from VietinBank will help investors shorten implementation time, improve investment efficiency and strengthen international cooperation.

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

VietinBank ky ket hop dong tin dung tai tro du an Cang Quoc te My Thuy. Ảnh: VietinBank
VietinBank signed a credit contract to finance the My Thuy International Port project. Photo: VietinBank

Sharing at the event, Mr. Phuong Huu Viet - Chairman of Viet Phuong Investment Group Joint Stock Company emphasized: "We highly appreciate the support of VietinBank - a prestigious and professional financial partner. The signing of the project sponsorship cooperation is not only a memorable milestone in the history of cooperation between the two sides; 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 vision on sustainable infrastructure development, optimizing financial resources and business resources to meet local and national economic growth needs.

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.

Nguyễn Thị Nhị
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