9:31:05 AM | 3/17/2025
KCN Vietnam Group Joint Stock Company (KCN Vietnam) and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) have officially signed a Comprehensive Partnership, marking a significant milestone in the long-term partnership between the two entities.
This collaboration lays the foundation for the implementation of strategic corporate credit financing packages, enabling KCN Vietnam to complete its industrial ecosystem, including expanding landbank, developing high-quality factories and warehouses, and prioritizing the nationwide establishment of bonded warehouses.
Looking ahead to 2030, with modern and sustainable industrial infrastructure that meets green energy standards, integrating with tailored corporate financing solutions and multi-dimensional financial support, the Group aims to create a dynamic investment environment that fosters seamless business operations for both domestic and international investors, ultimately contributing to Vietnam’s robust 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 optimize capital efficiency and deliver outstanding benefits to their customers.
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). As of January 31, 2025, total registered FDI reached USD 4.33 billion, a 48.6% increase compared to the same period in the previous year. 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 capitalize on emerging trends.
Under the newly signed agreement, KCN Vietnam and VietinBank have committed to comprehensive and in-depth cooperation across their respective fields of operation and business over the next five years. A key highlight of the agreement is VietinBank’s pledge to prioritize support for capital mobilization 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 in the future. 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.
Mr. Hardy Diec, COO of KCN Vietnam Group, stated: “This comprehensive partnership with VietinBank is a testament to the robust growth potential of KCN Vietnam Group and underscores our commitment to continuously improving service quality. This strategic move enables us to optimize 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 FDI and positioning Vietnam to capitalize on the current global production shift.”
At the event, Mr. Tran Minh Binh, Chairman of VietinBank, emphasized: “Phase 1 of VietinBank’s Digital Transformation Journey was initially planned for completion in 2028; however, we are accelerating this process, with 108 initiatives set to be completed by September 2026 - two years ahead of schedule. In parallel, we have established the Data & 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, optimize experiences, and deliver comprehensive, tailored financial products and services.
As one of Vietnam’s leading banks in terms of capital and total assets, VietinBank is also a key player in capital arrangement and financial solutions, particularly for large-scale real estate projects, including industrial property developments. Given this strong foundation, our partnership with KCN Vietnam Group - one of pioneers in developing the ‘green, clean, and modern’ industrial property model in Vietnam - will generate significant value for both parties. This collaboration will further enhance financial capacity, strengthen competitiveness, and drive long-term sustainable growth.”
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. To date, the Group’s project portfolio comprises 10 high-quality, ready-built warehouse and factory projects strategically located in key industrial zones across both southern and northern Vietnam. Strengthening ties with reputable partners like VietinBank marks a critical step in KCN Vietnam’s strategy to expand its project portfolio and deliver a comprehensive suite of products and services, providing maximum support to existing customers and foreign enterprises investing in Vietnam.
Van Luong (Vietnam Business Forum)
Vietnamese
