LienVietPostBank on August 4 signed an agreement to lend VND10 trillion (US$472 million) to the Tuan Chau Group. — Photo dddn.vn

QUANG NINH (Biz Hub) — LienVietPostBank on August 4 signed an agreement to lend VND10 trillion (US$472 million) to the Tuan Chau Group to finance infrastructure, tourism and technology projects across the country.

Under the agreement, the Tuan Chau Group will hire the financial services of LienVietPostBank, including as a collection agency and for money transfer, and domestic and international payments.

Tuan Chau Island is a newly established tourism center of Ha Long City, which is only 8 kilometers away from downtown Ha Long.

The group's Chairman Dao Hong Tuyen, known as "Tuan Chau Island's King", said that the group has been doing some major projects in the northern province of Quang Ninh, such as Smart City, Dai Yen eco-tourism, Bai Chay beach complex and Ha Long heritage road.

The group has also been developing eco-urban zones, office buildings, entertainment parks, universities and hospitals in Ha Noi, Hai Phong City and HCM City. — VNS