Enterprise

Bank Injects Over 11 Trillion VND in Credit Limit for CC1

Construction Corporation No. 1 - JSC (UPCoM: CC1) has recently received increased credit limits from banks, as the company prepares to embark on the implementation phase of two major infrastructure projects.

Administrator

13 January, 2026

On January 8th, the Board of Directors of CC1 issued two consecutive resolutions, both signed by Chairman Phan Hữu Duy Quốc, regarding the approval of credit limits and new credit lines at SHB and Agribank.

According to the first resolution, CC1 was granted a short-term credit limit by Saigon-Hanoi Commercial Joint Stock Bank (SHB) – Ho Chi Minh City Branch, with a total value not exceeding VND 4,722 billion. This includes obligations for which CC1 acts on behalf of consortiums or consortium members.

Additionally, a commitment for financial arrangement, capital sponsorship, or credit provision with a maximum scale of VND 5,000 billion was approved. These limits can be utilized in VND or equivalent foreign currency.

The Board of Directors authorized CEO Lê Bảo Anh to represent CC1 in signing all credit dossiers, guarantees, mortgages, debt acknowledgments, and related documents at SHB, including notarization procedures, registration of secured transactions, and asset valuation if required.

On the same day, CC1 received approval from the Vietnam Bank for Agriculture and Rural Development (Agribank) – Hanoi Branch for a maximum credit limit of VND 1,730 billion. This includes a direct loan limit of up to VND 968 billion.

Thus, on January 8th alone, CC1 secured over VND 11.4 trillion in credit limits and capital sponsorship commitments from banks.

CC1 has been granted over VND 11 trillion in credit limits and capital sponsorship commitments by banks (Illustrative image)

Since early December 2025, CC1 has received a total credit limit of over VND 25 trillion from banks. This continuous expansion of credit by banks for CC1 comes as the company prepares to commence two key infrastructure projects: the Cát Lái Bridge and the Long Hưng Bridge across the Đồng Nai River.

These two projects have a preliminary total investment of approximately VND 30 trillion. The Cát Lái Bridge is estimated at around VND 18,300 billion, while the Long Hưng Bridge is approximately VND 11,495 billion, excluding construction interest.

On January 10th, the People’s Committee of Đồng Nai Province approved the selection of investors for these two projects under special circumstances. The consortiums led by CC1 were approved to implement the projects through a public-private partnership (PPP) model, specifically a Build-Transfer (BT) contract.

According to the approved plan, investors will arrange the entire project capital, including equity and loans. The capital recovery will be through the auction of state-managed public land funds or public investment capital.

These two projects are classified as urgent, aiming to enhance connectivity between Ho Chi Minh City and Đồng Nai, particularly serving the traffic axis towards Long Thành Airport. The Đồng Nai Provincial People’s Council approved the PPP investment policy in December 2025 and designated the province as the implementing authority.

The groundbreaking ceremony for the Cát Lái and Long Hưng Bridges is scheduled for January 15th. The construction period will span from 2026 to 2028, with the Long Hưng Bridge expected to be completed in 2028 and the Cát Lái Bridge in 2029.

At the extraordinary shareholders’ meeting on January 9th, CC1 CEO Lê Bảo Anh stated that these are urgent projects that will significantly reduce travel time between Ho Chi Minh City and Đồng Nai, especially along the route to Long Thành Airport.

The CC1 Board of Directors also approved the establishment of Cát Lái Bridge Investment LLC and Long Hưng Bridge Investment LLC to directly implement the two projects. According to the CEO, these projects are expected to both increase workload and generate additional revenue in the coming years.

To prepare resources for the initial investment phase, CC1 has collaborated with multiple commercial banks and secured credit limits for both loans and guarantees.

The meeting also approved a plan to privately offer 100 million shares at VND 11,100 per share, aiming to raise VND 1.11 trillion. Of this, over VND 849 billion, equivalent to more than 75% of the raised capital, will be allocated to the Cát Lái Bridge project. The remaining nearly VND 261 billion will be dedicated to the Long Hưng Bridge.

Currently, CC1 is executing approximately 70 contracts nationwide. In addition to the bridge projects in Đồng Nai, the company is involved in other major infrastructure projects, including the Hanoi Ring Road 4 project, a 113km route through Hanoi, Hưng Yên, and Bắc Ninh, with an estimated construction volume of around VND 17 trillion for CC1.

Tử Kính

– 18:45 12/01/2026