On 12 April 2023, in Hanoi, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Coteccons Construction Joint Stock Company (Coteccons) signed a comprehensive cooperation agreement for the 2023 - 2027 period.

Under the agreement, BIDV and Coteccons will strengthen cooperation towards a comprehensive partnership in order to build a long-term, sustainable strategy, making the most of the potential and strengths of the two parties. Especially, amidst a volatile market, the cooperation between two large enterprises in banking and construction sectors affirms Vietnamese enterprises’ determination for robust recovery and sustainable development; making a positive contribution to the country’s prosperity.

BIDV will provide comprehensive financial solutions for Coteccons including banking, securities and insurance products, financial restructuring, centralized cash flow management, e-banking system connection, supply chain financing, etc. In particular, BIDV will be the arranger for short-term, medium-term and long-term capital for Coteccons and its subsidiaries and affiliates in construction and investment projects. In addition, BIDV provides Coteccons’s employees with preeminent product packages (personal credit, savings, e-banking services, etc.) with competitive interest rates and fees.

BIDV and Coteccons also undertake to utilize each other’s system to cooperate in brand promotion, cross-selling, creating sustainable value for each other, community and society.

Speaking at the signing ceremony, Mr. Le Ngoc Lam - CEO of BIDV said:

BIDV and Coteccons have always been reliable partners and companions for nearly two decades. The signing ceremony today marks the continued success and affirms the determination to build a comprehensive cooperation relationship between the two parties in the new period.

Mr. Vo Hoang Lam - General Director of Coteccons shared:

2023 is the year of reconstruction for growth of Coteccons with the strategy of diversification into many new fields, in which infrastructure is an important pillar in the Company’s development strategy for the 2021-2025 period to achieve the revenue target of USD3 billion. To realize this goal, Coteccons is very pleased to receive BIDV’s commitment for comprehensive financial support to strengthen internal resources, improve competitiveness, increase domestic market share and expand international operations.

The comprehensive cooperation agreement between BIDV and Coteccons is a clear evidence of the strong companionship to successfully implement the business strategy of both parties. The partnership will contribute to promoting strong and sustainable mutual development, bringing not only economic values but also community benefits.

 About Coteccons

After nearly 2 decades of development, Coteccons Construction Joint Stock Company has become one of the largest and most prestigious EPC contractors in Vietnam. The Company has over 2,000 employees with a solid background and diverse experience evidenced through world-class projects. Coteccons was voted Top 1 Best Workplace in the construction sector at the Viet Research’s Announcement Ceremony of “Top 10 Vietnam's Best Workplaces 2022”.

 

BIDV

Suggested results

    Suggested products / services

      Finds Results
      Finds Results
      Finds Results
      Finds Results
      Finds Results
       
      Συμπληρωματικό περιεχόμενο
      ${loading}