Representatives of Tan Thuan IPC and Vietinbank sign strategic co-operation contract in HCM City. — Photo ttipc.vn

HA NOI (Biz Hub) — Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Tan Thuan Industrial Promotion Company Limited (IPC) signed a strategic co-operation contract in HCM City on March 2.

At the signing ceremony, the bank also pledged to sponsor a VND2trillion (US$89.5 million) bond package to help the Tan Thuan IPC implement some infrastructure projects in HCM City. The contract is from 2016 to 2020.

General Director of Tan Thuan IPC Te Tri Dung said the company's projects were in big need of human resources, thought leaders and financial resources. The strategic co-operation between the two sides would be an important step in carrying out such projects, creating jobs and improving people's living standards as well as developing the local economy.

Being one of leading commercial banks in Viet Nam, Vietinbank has 21 branches and hundreds of transaction offices in the country.

Tan Thuan IPC's businesses include trade and investment in infrastructure for economic and urban development. It has been conducting key projects in the southern city in areas such as Tan Thuan Processing Park, Nguyen Van Linh Boulevard, Phu My Hung Urban Area, and Hiep Phuoc and Long Hau industrial parks, in addition to Sai Gon Central Container Port. — VNS