Banks commit VND230 trillion for Southeast Region projects
Commercial banks have pledged VND230 trillion across 18 funding agreements to support key infrastructure, energy, and social housing projects, driving the Southeast region's growth through 2030. State Bank unlocks capital flows to fuel Southeast regional economic growth Credit access in focus as Southeast region targets faster growth
Commercial banks in Vietnam have pledged a combined VND230 trillion (US$8.9 billion) across 18 funding agreements to support infrastructure, energy, and social housing projects in the Southeast region, driving growth through 2030. The State Bank of Vietnam announced this during a conference on financial resources for the Southeast region's growth on October 24.
Among the agreements, BIDV and VietinBank will jointly finance the EPIC 1 package under the Maydan Mahzam Field Redevelopment Project, while HDBank and Vikki Bank will fund the VIFC-HCMC landmark project complex. Other notable commitments include Agribank's financing for the Ho Chi Minh City Ring Road No. 4 expressway and Vietcombank's support for Becamex Corporation's social housing projects.
Brief written by urgent.news from SGGP English Edition Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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