KCN Vietnam Group signs comprehensive partnership with VietinBank

KCN Vietnam Group signs comprehensive partnership with VietinBank

KCN Vietnam Group JSC and VietinBank signed a comprehensive partnership agreement on March 14, marking a significant milestone in their long-term partnership.

This collaboration lays the foundation for the implementation of strategic corporate credit financing packages, enabling KCN Vietnam to complete its industrial ecosystem, including expanding land banks, developing high-quality factories and warehouses, and prioritising the nationwide establishment of bonded warehouses.

With modern and sustainable industrial infrastructure that meets green energy standards, integrated with tailored corporate financing solutions and multidimensional financial support, the group aims to create a dynamic investment environment that fosters seamless business operations for domestic and international investors, contributing to Vietnam’s economic growth.

This comprehensive partnership sets the stage for both existing and potential customers of KCN Vietnam and VietinBank to enhance their production capabilities, scale their businesses, and access a wide range of financial solutions, especially trade finance. This synergy will optimise capital efficiency and deliver outstanding benefits to their customers.

Under the agreement, KCN Vietnam and VietinBank have committed to comprehensive and in-depth cooperation across their respective fields of operation over the next five years.

A key highlight of the agreement is VietinBank’s pledge to prioritise support for capital mobilisation and corporate credit activities aligned with KCN Vietnam’s business model and operations.

As a result, KCN Vietnam and its partners will gain access to VietinBank’s credit facilities with flexible interest rates, terms, and loan conditions. Additionally, both parties have agreed to explore the implementation of various financial solutions and services for KCN Vietnam’s customers.

These include corporate financial solutions such as payroll services, card issuance, domestic and international payment services, as well as loans for customers to purchase or lease industrial property developed by KCN Vietnam, offered with preferential interest rates and loan terms.

Hardy Diec, COO of KCN Vietnam Group, stated that this comprehensive partnership with VietinBank was a testament to the robust growth potential of KCN Vietnam Group and underscores its commitment to continuously improving service quality.

Hardy Diec, COO of KCN Vietnam Group

“This strategic move enables us to optimise financial solutions and enhance the experience for our customers and partners, particularly in the areas of credit and banking. It also lays a solid foundation for KCN Vietnam to sustain its growth momentum, supporting the government’s efforts to attract foreign investment while positioning Vietnam to capitalise on the current global production shift,” said Diec.

At the event, Tran Minh Binh, chairman of VietinBank, emphasized that phase one of VietinBank’s Digital Transformation Journey was initially planned for completion in 2028. However, the bank is accelerating this process, with 108 initiatives set to be completed by September 2026, two years ahead of schedule.

“In parallel, we have established a data and AI division with the goal of leveraging data-driven decision-making and effectively integrating AI across our operations. This will enable VietinBank to gain deeper customer insights, optimise experiences, and deliver comprehensive, tailored financial products and services,” said Binh.

Founded in 2021, KCN Vietnam Group has rapidly expanded its footprint over the past four years, covering an industrial land bank of over 300 hectares.

The group’s portfolio comprises 10 high-quality, ready-built warehouse and factory projects strategically located in key industrial zones across both southern and northern Vietnam. These include DEEP C (Haiphong city), Thuan Thanh 3B (Bac Ninh province), Ho Nai (Dong Nai province), Phu An Thanh (Long An province), Song Than 3 (Binh Duong province), Phuc Dien and An Phat (Hai Duong province), and Tan Hung (Bac Giang province).

Strengthening ties with reputable partners like VietinBank marks a critical step in KCN Vietnam’s strategy to expand its portfolio and deliver a comprehensive suite of products and services, providing maximum support to existing customers and foreign enterprises investing in Vietnam.

Vietnam is emerging as a leading economic growth hub in the East Asia–Pacific region, driven by a robust export recovery and rising domestic demand.

With its strategic location and ongoing efforts to improve the investment climate, Vietnam is attracting substantial global foreign direct investment (FDI).

According to the Ministry of Finance, as of January 31, total registered FDI had reached $4.33 billion this year, a 48.6 per cent on-year increase. This growth serves as a key driver for the development of industrial real estate and the finance-banking sector, paving the way for strategic partnerships to capitalise on emerging trends.

VIR