Tiếng Việt
On the afternoon of November 19, 2024, DaiDung Corporation (DDC) and the Bank for Investment and Development of Vietnam (BIDV) officially signed a Comprehensive Cooperation Agreement for the 2024–2029 period, alongside a Green Credit Agreement to fund the Nghi Son High-Tech Mechanical Factory Project.
Remarks by Mr. Trinh Tien Dung, CEO of DDC, at the Event
Under the terms of the agreement, BIDV will provide modern banking services and financing solutions, including working capital and medium- to long-term capital for DDC’s development activities. These activities span construction, finance, real estate projects, manufacturing, and joint ventures where DDC serves as an investor, general contractor, or a consortium member. Notably, BIDV will supply funding for the Nghi Son High-Tech Mechanical Factory project, which DDC is currently developing in Thanh Hoa Province. This project is designed, built, and operated to meet LEED Gold certification standards.
Additionally, BIDV will facilitate DDC’s access to financing for upcoming projects, particularly those that meet carbon neutrality criteria and minimize environmental impacts. The collaboration between BIDV and DDC aligns with their shared commitment to sustainable development, leveraging prepared resources to establish a solid foundation for a long-term and expansive partnership in the coming years.
BIDV Provides Working Capital Financing for DDC
DDC has laid out a long-term growth strategy that integrates sustainable development objectives into specific action plans for each growth phase. This includes continuously enhancing resources and optimizing management to achieve its strategic goals of Excellent Growth – Excellent Team – Excellent Governance – Excellent Service and Quality Sustainable Development. To this end, DDC is upgrading its supply chain to meet LEED Gold standards, complying with CBAM criteria to penetrate deeper into European markets. The company is also focusing on carbon-neutral projects, from selecting eco-friendly materials to manufacturing, construction, and operation. Furthermore, DDC actively contributes to social welfare through practical community initiatives as part of its mission.
BIDV has long been a leader in promoting sustainable financial practices, positioning itself as a “Green Bank.” The institution has introduced frameworks for sustainable loans and green bonds, laying the groundwork for green credit packages and preferential funding for green building projects. Notably, BIDV was the first organization to successfully issue sustainable bonds worth VND 3 trillion, adhering to the ICMA’s guidelines, and mobilized nearly VND 5 trillion in green deposits to fund environmentally and socially beneficial projects.
The signing ceremony of the Comprehensive Cooperation Agreement between BIDV and DDC marks a significant milestone in their partnership as they enter a new phase. Both parties reaffirmed their commitment to advancing their collaboration to new heights, aligning with their respective strategic goals. Notably, BIDV will serve as the primary financier for the Nghi Son High-Tech Mechanical Factory project, currently under construction by DDC in Thanh Hoa. The agreed terms will act as a framework for mutual support, unlocking potential, and expanding business operations domestically and internationally. This partnership aims to contribute to building a strong and prosperous Vietnam.
Commemorative Gifts Exchanged Between DDC and BIDV
Source: DDC Marketing