VietinBank will collaborate with Viet Phuong Group across various sectors, especially in providing financial and credit solutions. This support aims to accelerate project implementation, optimize capital efficiency, and strengthen international cooperation in logistics.

A highlight of this partnership is VietinBank's financing of the My Thuy international port project in Quang Tri. This national general port, capable of accommodating vessels with a tonnage of 100,000 DWT, has a total investment of approximately 15,000 billion VND and covers 685 hectares. The project will be implemented in three phases. Phase one involves constructing four wharves with a design capacity of around 12 million tons annually. Upon completion, the port will have 10 main berths. The project aims to create a comprehensive link between seaports, multimodal transport, industry, commerce, and energy, expanding development space through the East-West economic corridor, trans-Asian routes, and connecting shipping routes across the East Sea to other continents.

Representatives of VietinBank and Viet Phuong Group signing the comprehensive cooperation agreement. Photo: VietinBank

Representatives of VietinBank and Viet Phuong Group signing the comprehensive cooperation agreement. Photo: VietinBank

Attending the ceremony were Mr. Tran Minh Binh, Chairman of the Board of Directors, and Mr. Nguyen Tran Manh Trung, Member of the Board of Directors and General Director, representing VietinBank. Representing Viet Phuong Group were Mr. Phuong Huu Viet, Chairman, and Ms. Phuong Minh Hue, General Director, along with leaders from both sides, My Thuy International Port Joint Venture Company, and distinguished guests.

VietinBank signs a credit contract to finance the My Thuy international port project. Photo: VietinBank

VietinBank signs a credit contract to finance the My Thuy international port project. Photo: VietinBank

"VietinBank consistently supports businesses in implementing essential infrastructure projects for the country. Financing the My Thuy international port project holds not only financial significance but also lays the foundation for a strategic partnership between the two parties in future projects," stated Mr. Tran Minh Binh, Chairman of VietinBank's Board of Directors, at the event.

Mr. Tran Minh Binh, Chairman of VietinBank’s Board of Directors, speaks at the event. Photo: VietinBank

Mr. Tran Minh Binh, Chairman of VietinBank’s Board of Directors, speaks at the event. Photo: VietinBank

Sharing the same view, Mr. Phuong Huu Viet, Chairman of Viet Phuong Group, affirmed that the signing of this project sponsorship agreement marks a memorable milestone in the cooperative history between the two sides and creates promising prospects for logistics infrastructure investment in Vietnam in the coming period.

This event signifies a new step in the strategic partnership between the two sides, paving the way for the next phases of one of the key logistics infrastructure projects in the North Central region. The My Thuy international port is expected to boost maritime economic development, promote regional connectivity, and serve as a starting point in the East-West economic corridor connecting Vietnam, Laos, and Thailand.

At the event, both parties shared their vision for sustainable infrastructure development, optimizing financial resources, and enhancing national competitiveness. VietinBank's involvement in the project reaffirms the bank's active role in supporting strategic infrastructure projects, contributing to green and sustainable growth, increasing regional connectivity, and enhancing national competitiveness.

Minh An