This is the information of Mr. Nguyen Thanh Tung, CEO of Vietcombank, at the online conference on boosting bank credit in 2024 held on February 20th.
The taxiway and runway of Long Thanh Airport have taken shape. Photo: Transport Newspaper
Mr. Tung stated that in 2024, the bank will continue to promote conference connection, technology application, simplification, and streamlining of loan procedures while ensuring risk management and sustainability.
Continue to focus on credit growth in the production and business sector, priority areas of the Government and the State Bank. Currently, the outstanding loans in Vietcombank’s priority sectors account for about 35% of the bank’s total outstanding loans. Vietcombank will cooperate with customers to remove difficulties, accelerate disbursement progress for key projects, large-scale projects that play a role in promoting local and national growth, with a focus on areas such as aviation infrastructure, seaports, transportation, energy, oil and gas, industrial real estate…
Focus on lending to domestic enterprises, FDI enterprises in the global supply chain. Vietcombank is also actively promoting credit growth to meet the demand for affordable housing, housing for low-income people in the 120,000 billion VND credit package. So far, Vietcombank has been approaching 20 projects, with a debt scale of about 10,000 billion VND. However, the current difficulty lies in removing the legal procedures of competent agencies.
The 15,000 billion VND package for forestry and aquatic products has not encountered any obstacles during implementation and is ready to expand the scale of this package with low-interest rates.
With the orientation of capital matching with large projects, this has been the State Bank’s direction for many years. CEO of Vietcombank, Nguyen Thanh Tung, assessed that this is the correct and important direction to participate in the appraisal, objective assessment of many banks’ perspectives.
4 state-owned commercial banks commit that they will cooperate to supply capital for large projects in the coming time.
“Specifically, in 2024, the 3 state-owned commercial banks: Vietcombank, Vietinbank, BIDV in the early months will sign capital financing contracts for the construction of Long Thanh International Airport project with a scale of up to 1.8 billion USD. Certainly, if the 3 state-owned commercial banks do not arrange capital for lending, many items in Long Thanh Airport project cannot be started soon enough for deployment and implementation,” said CEO of Vietcombank.
Long Thanh Airport investment project phase 1 has a total investment of 109,111.742 billion VND, equivalent to 4,664.89 million USD. The Project implementation period is from 2020 to the completion of phase 1 in 2025.
Airports Corporation of Vietnam (ACV) has been assigned to be the investor of essential works in the airport project funded by ACV.
Many packages of Long Thanh Airport project to be implemented
It is expected that in Q1 and Q2/2024, ACV will continue to tender a series of packages in component 3 of Long Thanh Airport project.
Including package 4.7 – Construction and installation of aircraft parking apron and other facilities.
Package 4.8 – Construction and installation, equipment installation, preparation of designs for construction of internal port traffic and airport technical infrastructure. Both packages are expected to start in April 2024 and be completed in April 2026.
Package 4.9 – Construction and installation of aircraft fuel supply system – will be tendered in early 2024.
Package 7.8 – Construction and installation of cargo terminal No. 1, and other ancillary facilities – will also be tendered in Q1-Q2/2024. Expected to start in June 2024 and complete in May 2026.
Similarly, package 11.5 – Construction and installation of parking building – is also expected to start in June 2024 – complete in May 2026.
According to Airports Corporation of Vietnam, in terms of disbursement, up to now, the total value already paid is 11,334 billion VND. In 2024, the unit has also set aside about 30,000 billion VND for disbursement for the above-mentioned tenders.
Package 5.10 – Passenger terminal – will be disbursed with an amount of about from 10,000 – 15,000 billion VND according to the schedule of ordering equipment production.
