Signing Ceremony for Credit Facility Agreement to Finance Long Thanh International Airport Project Component 3
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On June 1, at the Melia Hanoi Hotel, No. 44 Ly Thuong Kiet, Hanoi, ACV in coordination with its banking partners Vietcombank, Vietinbank, and BIDV held a Signing Ceremony for a $1.8 billion Credit Facility Agreement to finance Component 3 - Essential Facilities of the "Long Thanh International Airport Development Project - Phase 1".

Senior Leaders from Ministries and Agencies witnessed the Signing Ceremony.

The $1.8 billion syndicated loan from Vietcombank, Vietinbank, and BIDV corresponds to approximately 45% of the total investment for the Project, demonstrating the breakthrough of domestic commercial banks in arranging financing for their customers, and particularly the lead role played by Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank). The signing ceremony had the honor of welcoming Prime Minister Pham Minh Chinh to attend.

 

The event had the honor of welcoming Prime Minister Pham Minh Chinh.

In his remarks at the signing ceremony, Prime Minister Pham Minh Chinh acknowledged and directed: "This is the initial success of state-owned enterprises working together to mobilize financing for a complex and large-scale project. This result demonstrates a breakthrough of Vietnamese commercial banks. However, this is just an initial result, the parties need to continue their efforts to accelerate the construction progress of the project components with the spirit of "overcoming sunshine and rain", "only discussing to do, not retreating". The Ministry of Transport needs to focus on implementing synchronized transportation projects from aviation, seaports, roads, and railways..."

Prime Minister Pham Minh Chinh attended and delivered a directive speech at the Signing Ceremony.

On behalf of ACV, Mr. Lai Xuan Thanh, Chairman of the Board of Directors, affirmed that ACV is committed to using the investment capital for the Phase 1 Long Thanh International Airport Project - Component 3 in a cost-effective manner, strictly complying with the law, preventing wastefulness, negativity, and corruption; closely and effectively coordinating with contractors to implement the project, ensuring safety, quality, and especially adhering to the timeline, striving to accelerate the progress, contributing effectively to the country's economic recovery and development, and maintaining the leading role in managing, operating, and investing in the development of the national aviation infrastructure entrusted by the State.

Mr. Lai Xuan Thanh, Chairman of the Board of Directors of Airports Corporation of Vietnam - JSC (ACV), reported on the implementation of the Project.

The successful arrangement of a $1.8 billion (over 45,000 billion VND) loan by Vietcombank, Vietinbank, and BIDV for ACV to carry out the investment and construction of the Phase 1 of the Long Thanh International Airport Project - Component 3 has great significance. It demonstrates the internal strength and capability of Vietnamese enterprises, which are not inferior to international organizations. It particularly highlights the pioneering and leading role of state-owned enterprises in critical industries and key projects, reflecting the self-reliance and self-strengthening spirit of state-owned enterprises, without relying on foreign borrowing.

Representatives of the leadership of Vietinbank, ACV, Vietcombank, and BIDV completed the signing procedures in the presence of a large number of guests.

The following are some images from the ceremony:

Ms. Nguyen Thi Hong - Governor of the State Bank of Vietnam

Mr. Nguyen Ngoc Canh - Vice Chairman of the State Capital Management Committee at Enterprises

Mr. Nguyen Thanh Tung - General Director of Vietcombank

The Prime Minister and representatives of the leadership of various ministries and agencies congratulated on the successful signing ceremony.

The ACV Leadership Team took a commemorative photo.

A cultural performance to welcome the signing ceremony.

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