Through a special financial package and priority partnership, Vingroup will lend Pomina mobile capital with a maximum interest rate of 0% for 2 years; at the same time, choose Pomina as a priority supplier for the entire Group ecosystem.
According to the announcement, Vingroup - through Vin Metal Production and Trading Joint Stock Company - will provide Pomina with a revolving loan for a maximum of 2 years with an interest rate of 0%. Preferential capital from Vingroup will help Pomina improve cash flow, restore the supply chain, ensure stable production activities and gradually recover financial and business indicators.
In addition to funding, Vingroup will also prioritize selecting Pomina as a steel supplier for member companies in the Group's ecosystem such as VinFast, Vinhomes, VinSpeed... to contribute to ensuring sustainable output for businesses. Prioritizing the selection of Pomina steel is also part of the plan to increase the localization of materials in Vingroup's major projects in Vietnam.
Mr. Nguyen Viet Quang, Vice Chairman of the Board of Directors and General Director of Vingroup Corporation shared: "With financial support and output from Vingroup, in harmony with the steel production technology platform from Pomina, we expect the company to have the opportunity to regain growth momentum, consolidate its position in the domestic market to continue creating value and contributing to the country".
In parallel with the financial support package and ensuring consumption channels for Pomina, Vingroup also supports Pomina in speeding up the restructuring process, strengthening the management team. In particular, Mr. Do Tien Si - who has a lot of experience in the metals industry and understands Pomina's operations will return to run Pomina, leading the company's recovery and development strategy in the new period.
At Vin Metal, the position of General Director was transferred to Mr. Pham Nhat Quan Anh to ensure continuity in Vingroup's strategy for developing the smelting sector. Mr. Pham Nhat Quan Anh is currently a member of the Board of Directors of VinFast, and has previously held many key management positions at VinFast, including: Vice President, Permanent Deputy General Director in charge of Global Output; Director of Planning, Coordination and Quality Control... In these positions, Mr. Quan Anh has made important contributions to the strong development process of VinFast, from the initial localization stage to the global expansion strategy.
By cooperating and comprehensively supporting Pomina, Vingroup has affirmed its consistent policy in proactively cooperating with Vietnamese enterprises to support each other in development, contributing to building an increasingly strong, united and competitive Vietnamese business community in the international market, practically contributing to the sustainable development of the country./.
