On the afternoon of January 27, 2023, at the headquarters of VietinBank Le Chan Branch, No. 124 Nguyen Duc Canh, Hai Phong, the Guarantee Contract Signing Ceremony between VietinBank Le Chan and Hai Long Construction JSC was solemnly held with a total guarantee value of 500 billion VND (Five hundred billion VND) and approval of a credit limit for 2023 of up to 1,100 billion VND (One thousand one hundred billion VND).
Attending the signing ceremony were Mr. Pham Anh Tien – Chairman of Taiyo Group, Mr. Pham Tien Dung – Vice Chairman of Taiyo Group and General Director of Hai Long Construction, Mrs. Nguyen Thi Kim Dung – Financial Director of Taiyo Group, along with representatives of the Board of Directors of Taiyo Group's member companies, including Hai Long Construction JSC, G18 Construction Equipment JSC, and Taiyo Tourism JSC. On the side of VietinBank, there was Mr. Nguyen Van Thu – Branch Director, along with Deputy Directors and representatives of the leadership of departments/divisions at the branch.
At the ceremony, Mr. Pham Anh Tien gave a speech outlining the strategic goals, project implementation status, and the company's 2023 business plan. At the same time, he highly appreciated the coordination and support of VietinBank throughout the cooperation period and affirmed that VietinBank Le Chan Branch is considered "a major shareholder" and an extremely reliable partner, always ensuring capital sources for Taiyo Group's projects in general, and Hai Long Construction's projects in particular, to be implemented on schedule.
Since the first credit contract signed in April 2003 with a limit of only 1 billion VND, the two sides have always accompanied each other in all important projects of Hai Long Construction. And now, marking 20 years of cooperation and development, the two sides have taken the relationship to a new level as Mr. Pham Tien Dung – General Director of Hai Long Construction and Mr. Nguyen Van Thu – Director of VietinBank Le Chan Branch signed the 500 billion VND guarantee contract and approved the credit limit of up to 1,100 billion VND.
Starting 2023 with a new important shift in the cooperative relationship with VietinBank Le Chan, Hai Long Construction is confident in aiming to complete and exceed the 2023 plan targets, specifically: reaching 2,850 billion VND in contract value, 1,650 billion VND in revenue, 1,800 billion VND in capital recovery, 16,500 tons of steel structure, affirming the core role of Hai Long Construction, contributing to creating a solid foundation for Taiyo Group to excellently complete the goal of reaching over 3,000 billion VND in contract value, over 2,000 billion VND in revenue, and a total rental revenue of 100 billion VND.
On behalf of the Board of Directors of Hai Long Construction JSC, Mr. Pham Anh Tien thanked VietinBank Le Chan for the support that has contributed to promoting the relationship and cooperation between the two sides, helping the company's operations to be stable and develop sustainably in the long term.
With the signed credit guarantee contract, Hai Long Construction JSC and Vietnam Joint Stock Commercial Bank for Industry and Trade believe that the bond between the two sides will continue to be strengthened, promoting the strengths of each side, bringing not only economic values but also creating more monumental works and projects, contributing to creating common prosperity for the whole society.
Mr. Nguyen Van Thu – Director of VietinBank Le Chan signing the contract.
along with the leadership of Taiyo Group and representatives of the leadership of VietinBank Le Chan at the signing ceremony.
