Trungnam Group Signs Comprehensive Cooperation Agreement With Vietinbank


Trungnam Group and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) held the signing ceremony of a comprehensive cooperation agreement.


The ceremony was attended by Mr. Mai Tien Dung – Member of the Party Central Committee, Minister, Chairman of the Government Office; Mr. Nguyen Sy Cuong – Vice Chairman of Foreign Affairs Committee of the National Assembly; Mr. Luu Xuan Vinh – Deputy Secretary of the Provincial Party Committee, Chairman of Ninh Thuan Provincial People’s Committee; Mr. Tran Dang Phi – Deputy Chief Inspector, Inspection and Supervision Agency of the State Bank of Vietnam.


On the side of Trungnam Group, there were Mr. Nguyen Tam Thinh – Chairman of the Board of Directors, Mr. Nguyen Tam Tien – General Director and members of the Management Board of Trungnam Group.


Representatives of VietinBank were Mr. Le Duc Tho – Secretary of the Party Committee, Chairman of the Board of Directors, Mr. Tran Minh Binh – Deputy Secretary of the Party Committee, Member of the Board of Directors cum General Director, Mr. Le Duy Hai – Director of Corporate Banking Division ( Corporate Banking Service and leaders of Corporate Banking Division, VietinBank Ba Dinh, and VietinBank Quang Trung… attended.


Trungnam Group has been operating for more than 16 years with many key projects in the fields of infrastructure, real estate and energy. In particular, the energy sector is currently considered the spearhead of Trungnam with projects on hydroelectricity, wind power and solar power. Recently, Trungnam Group has put into operation 2 solar power projects in Thuan Bac district, Ninh Thuan province and in Duyen Hai, Tra Vinh with a total capacity of over 360MW, along with wind power projects in Thuan Bac with a total capacity over 150MW. With these projects, Trungnam Group is recognized as the No. 1 investor in Vietnam in the clean energy sector.

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In 2020, an important milestone for Trungnam Group when it becomes the investor of the transformer station and 220 / 500KV transmission line combined with the 630 MWP Trung Nam Thuan Nam Solar Power Plant, becomes a real pioneer private enterprise. currently investing in the power transmission system, contributing to the realization of the Politburo’s Resolution No. 55 on Vietnam’s national energy development strategic orientation to 2030 with a vision to 2045. 

With the successes in For renewable energy projects, Trungnam Group is currently implementing many energy projects to achieve the target that by 2027, 10 GW will be added to the national power grid. Specifically, Trungnam Group is actively implementing plans to bring 900 wind pillars onshore, near shore and offshore in projects in localities such as Dak Lak, Gia Lai, Tra Vinh, Ninh Thuan.

In addition, Trungnam Group is also worth continuing to invest in renewable energy projects such as LNG gas power, continuing to invest in the national power transmission system in the spirit of Resolution No. 55 of the Politburo. In order to achieve the set goals, Trungnam Group has developed specific strategies and investing methodically, such as signing with Sany to buy superpower equipment worth more than 66 million USD to implement. renewable energy projects; conduct training of high quality human resources; cooperating with reputable suppliers in the world and comprehensive cooperation with major financial institutions, for example the signing of comprehensive cooperation agreements between Trungnam Group and VietinBank.

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Meanwhile, VietinBank is known as the number 1 bank of the Vietnamese banking system, providing modern and convenient financial and banking products and services according to international standards. With the customer-oriented orientation, considering customers as the center of all activities as well as determining the success of customers is the success of VietinBank. Over the past 32 years of construction and development, VietinBank has maintained its role as a large, leading state-owned commercial bank, directly and important to the process of promoting socio-economic development. process of renovation and national integration. 

The key economic sectors and fields, economic regions, and localities are all partners with close cooperation with VietinBank. 

Currently, VietinBank is concentrating resources to continue completing the 10-year development strategy (2021 – 2030), while focusing resources on a comprehensive restructuring of operations in the direction of substance, efficiency, safety and durability. firm. Accordingly, VietinBank accelerated capital mobilization, well managed growth quality, reduced costs to facilitate the reduction of lending rates and always maintained the lending interest rate level in the lowest group of the market. Enterprises and people access capital with the most reasonable costs, support economic growth, actively remove difficulties for business production and business activities, accompany local economic development. , economic region.

By 2020, the total credit portfolio VietinBank has granted to economic organizations is more than 630 trillion dong. VietinBank has proven its role as a bank with a large market share in relationships with customers who are corporations, corporations and large private enterprises, leading economic sectors. At the same time, VietinBank is currently the pioneer bank in providing a variety of modern financial products, services and solutions according to international standards.

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Speaking at the signing ceremony, according to Mr. Nguyen Tam Thinh – Chairman of the Board of Directors of Trungnam Group, the signing of a comprehensive cooperation agreement is important for Trungnam Group, helping the Group to improve its financial capacity through the support. support from VietinBank. Comprehensive cooperation agreement also opens up new development between the two sides by prioritizing the use of each other’s services and supporting strategy development and management consulting for sustainable development. At the same time, the comprehensive cooperation will help Trungnam Group have enough financial resources to fulfill the major goals set out in business activities. 

At the ceremony, right after the signing ceremony of the cooperation agreement between Trungnam Group and VietinBank was the signing ceremony of a credit contract between Trung Nam Tra Vinh Solar Power Joint Stock Company and VietinBank Ba Dinh.

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