VPBank Finances Amata City Ha Long with a $75 Million Credit Facility

Under the cooperation agreement, VPBank will provide an exclusive credit facility totaling $75 million (equivalent to VND 1,910 billion) for the Song Khoai Industrial Park (IP) project, covering phases 2-5, implemented by Amata City Ha Long. This facility will be disbursed over three years, aligned with the project's progress, and has an 8-year repayment term. The objective of this agreement is to develop Song Khoai IP into one of the key industrial parks in Northern Vietnam.

Both parties are committed to a sustainable and mutually beneficial partnership across various operational areas. They will prioritize utilizing each other's products and services, with a particular focus on collaboration in areas such as capital financing, payment services, cash flow management, international payments, and trade finance. This collaboration is expected to enhance both parties' financial capacity and competitiveness, providing greater access to financial solutions for business development.

Đại diện VPBank và đại diện Amata City Hạ Long tại Lễ ký kết

At the signing ceremony, Mr. Aukkares Choochouy, Board Member of Amata VN, expressed gratitude to VPBank for its support and cooperation. He also emphasized Amata's commitment to developing Amata City Ha Long into a leading modern industrial park and an ideal destination for international investors in Vietnam.

Mr. Kamijo Hiroki, Deputy CEO of VPBank, stated, "This signing ceremony marks an important milestone in the partnership between the two parties, helping to maximize the potential of both enterprises. It also realizes the goal of transforming Song Khoai Industrial Park into a model and green industrial park, an safe and sustainable investment destination. We hope the strong cooperative relationship between VPBank and Amata will enhance operational efficiency and contribute to the sustainable socio-economic development, fostering cooperation between Vietnamese and Thai businesses."

Located in Quang Ninh province, Song Khoai IP boasts significant advantages such as tax incentives, convenient access to expressways, and proximity to Hai Phong port and Cat Bi airport, which significantly enhances logistics efficiency. The project is expected to drive annual economic growth for Quang Ninh province and the Northern region, facilitating further foreign direct investment (FDI) attraction, developing supporting industries, contributing thousands of billions of VND to the state budget annually, and creating stable, long-term employment for local labor.

Over the years, VPBank has placed special emphasis on financing sustainable industrial development, targeting smart industrial parks, advanced digital infrastructure, and ESG (Environmental, Social, Governance) initiatives. In 2024, VPBank's total outstanding green credit reached VND 21,943 billion, a 48.5% increase compared to 2023, primarily driven by loans for low-carbon transport, green buildings, recycling/circular economy, sustainable agriculture/forestry, and renewable energy. In 2025, VPBank also anticipates strong growth in this sector.

This comprehensive cooperation agreement between Amata VN and VPBank marks a significant step forward for VPBank in providing holistic financial solutions, including project finance, supply chain finance, and insurance-consumer finance, to its partners' ecosystems.

About VPBank:

VPBank is currently one of Vietnam's leading commercial banks in terms of total assets, efficiency, and business profitability. The bank has a strong presence in the retail and SME segments. VPBank is also a pioneer in digital transformation and proudly ranks among the private banks with the highest growth rates.

Furthermore, Sumitomo Mitsui Banking Corporation (SMBC) invested a 15% stake in VPBank in 2023, where the SMBC Group positions Vietnam as one of the key countries for its Multi-Franchise Strategy. Currently, SMBC dispatches Japanese special envoys to VPBank to promote business in various sectors and support customers looking to expand their operations in Vietnam.

For more information, please visit: https://www.vpbank.com.vn

About Amata Ha Long:

Amata City Ha Long was established in 2018, with a total area of 714 hectares, divided into five phases. To date, the industrial park has attracted 21 projects with a total investment capital exceeding $2.911 billion, creating thousands of jobs and contributing to local economic development. Since 2024, Marubeni Corporation (Japan) has invested a 20% stake in Amata City Ha Long and actively participates in the operation and business of the industrial park.

Amata's projects in general, and Amata City Ha Long in particular, adhere to sustainable development principles and the "All Win" business philosophy, aiming for shared success among all stakeholders across economic, social, and environmental dimensions.

For more information, please visit: www.amatavn.com