Under the agreement, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) will provide comprehensive financial solutions and banking services to KN Holdings. BIDV will also act as the lead arranger for capital for the group's investment projects and business plans. Furthermore, the bank will implement preferential policies for KN Holdings employees, facilitating access to retail banking products and services.
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Nguyen Duc Dung, Deputy Chief Executive Officer of KN Holdings, and Doan Viet Nam, Deputy Chief Executive Officer of BIDV, represent the two entities in signing the cooperation agreement. Photo: BIDV |
Nguyen Duc Dung, Deputy Chief Executive Officer of KN Holdings, and Doan Viet Nam, Deputy Chief Executive Officer of BIDV, represent the two entities in signing the cooperation agreement. Photo: BIDV
In return, KN Holdings will prioritize BIDV as its strategic financial partner across the investment and business operations of the group and its member companies. Both parties agreed to strengthen coordination in financial management, share information and experience, and develop products, aiming for efficiency and sustainable growth.
Speaking at the signing ceremony, Le Ngoc Lam, Chief Executive Officer of BIDV, emphasized that the event marks a significant strategic milestone. It establishes a foundation for both parties to expand cooperation in the future, contributing positively to the overall socio-economic development of the country.
Representing KN Holdings, Le Nu Thuy Duong, Deputy Chairwoman of the Board of Directors and Chief Executive Officer, stated that partnering with BIDV will enable the group to better utilize financial resources. This collaboration will enhance investment efficiency in various sectors, including real estate, industrial parks, logistics, renewable energy, and high-tech agriculture.
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Hoang Trong Hoan, Deputy Chief Executive Officer of KN Holdings and Chairman of the Board of Directors of Xuan Que Industrial Park Joint Stock Company, and Nguyen Dinh Duong, Director of BIDV Ha Noi, sign a credit agreement to finance the Xuan Que - Song Nhan Industrial Park Infrastructure Investment, Construction, and Business Project (phase 1). Photo: BIDV |
Hoang Trong Hoan, Deputy Chief Executive Officer of KN Holdings and Chairman of the Board of Directors of Xuan Que Industrial Park Joint Stock Company, and Nguyen Dinh Duong, Director of BIDV Ha Noi, sign a credit agreement to finance the Xuan Que - Song Nhan Industrial Park Infrastructure Investment, Construction, and Business Project (phase 1). Photo: BIDV
Immediately following the event, BIDV Ha Noi and Xuan Que - Song Nhan Industrial Park Joint Stock Company, a member of KN Holdings, signed a credit agreement. This agreement will finance the Xuan Que - Song Nhan Industrial Park Infrastructure Investment, Construction, and Business Project (phase 1) in Dong Nai province. The project is expected to contribute to the formation of a synchronous industrial park, attracting domestic and foreign enterprises to invest in production and business. This will, in turn, increase industrial production value, expand budget revenue, and enhance the regional competitiveness.
(Source: BIDV)
