Vietnam GS Industry and the Joint Stock Commercial Bank for Investment and Development of Vietnam, or BIDV, signed a deal to develop phase 1-1 of zeit RIVER COUNTY 1 at the ZEITGEIST urban township project.

BIDV is committed to providing financial services and offering various privileges to VGSI’s partners and customers.

VGSI has strategically partnered with BIDV to incorporate its banking services widely through ZEITGEIST’s phase 1-1.

Cho Sung-yol, general director of VGSI, said the deal would serve as a foundation for both sides to enhance their competitiveness.

Le Ngoc Lam, deputy general director of the lender, said BIDV looked forward to collaborating with the company in key sectors like real estate, elevator manufacture, construction piling, and aluminum.

Founded in 2007, VGSI is a subsidiary of GS E&C in Korea.

The developer owns large tracts of land in strategic locations in HCM City such as Nha Be, District 9 and Thủ Thiêm in District 2.

The 349-hectare ZEITGEIST on Nguyen Huu Tho Street in Nha Bè District is among its most prominent projects, and will be an urban agglomeration in south Saigon.

BIDV is the largest bank in the country by assets. — VNS