On 24 November 2023, the Joint Stock Commercial Bank for Investment and Development of Vietnam - Hai Phong Branch and Port of Hai Phong Joint Stock Company signed a credit agreement to finance the construction investment project of container terminals No. 3 and No. 4 of Hai Phong international gateway port (in Lach Huyen Port, Hai Phong City). This is an important milestone that marks a step forward in the partnership between the two parties.

Representatives of BIDV Hai Phong and Port of Hai Phong Joint Stock Company sign the agreement 

With a total investment of nearly VND7 trillion (USD285 million) and capacity of up to 1.1 million TEU/year, the terminals can receive large ships up to 8,000 TEU (100,000 DWT). The container terminals No. 3 and No. 4 have an unfair advantage over other regional peers in that they can directly receive mother ships which travel long routes to America, Europe, South Asia, etc. without having to transship in Singapore, Hong Kong, Kaohsiung... This is an important project of Hai Phong City, contributing to improving customs clearance capacity for the Northern Key Economic Zone in general and Hai Phong City in particular. It also promotes socio-economic development of the Northern region, making Hai Phong a key hub in the North and across the country in terms of seaport and logistics services, meeting domestic and international demands.

The signing of the credit agreement is an important step forward in the partnership between BIDV Hai Phong Branch and Hai Phong Port. This event also clearly affirms BIDV’s commitment to accompany enterprise’s development, contributing to promoting the national socio-economic development.