On April 17, 2026, in Hanoi, Vietnam Development Bank (VDB) – Hung Yen Branch, in coordination with Joint Stock Commercial Bank for Investment and development of Vietnam (BIDV) and Vietnam Bank for Agriculture and Rural Development (Agribank), held a signing ceremony of the Credit Agreement for the Ninh Binh - Hai Phong Expressway Construction Investment project, the section passing through Nam Dinh and Thai Binh provinces. The project is implemented under the public-private partnership (PPP) model, and Nam Dinh – Thai Binh Expressway Investment Joint Stock Company (Nam Dinh – Thai Binh JSC) as the investor.
The event was attended by leaders of VDB, BIDV, and Agribank; leaders of Geleximco Group as well as representatives of Nam Dinh – Thai Binh JSC and related partners.
The Ninh Binh - Hai Phong Expressway Construction Investment project section passing through Nam Dinh Province and Thai Binh Province has a total credit facility limit of more than VND 8,339 billion. In which, the participation shares of the banks are as follows: VDB provides a loan of more than VND 4,490 billion (53.84%); BIDV provides a loan of more than VND 2,352 billion (28.21%); and Agribank provides a loan of more than VND 1,496 billion (17.95%).
Speaking at the event on behalf of the participating banks, Mr. Tran Long, Deputy General Director of BIDV, emphasized that BIDV, VDB, and Agribank are leading financial institutions, playing a crucial role in providing capital to the economy, particularly for priority sectors and key national economic development programs. With strong financial foundation, extensive experience in implementing large-scale projects, and nationwide networks, the three banks have made and continue to make significant contributions to the country’s socio-economic development, especially in infrastructure investment and other key economic sectors. The syndicated finance of the three banks for this project demonstrates the close and effective coordination among the nation’s leading financial institutions, their strong appraisal and credit granting capabilities for large-scale investment projects, and above all, the banking sector’s strong commitment to accompanying the Government and businesses in achieving the country’s national strategic infrastructure development goals.
Mr. Vu Van Hau – Chairman and CEO of Geleximco Group, and concurrently Chairman of the Board of Directors of Nam Dinh – Thai Binh JSC – expressed his sincere appreciation for the support and partnership of the banks. He also committed to utilizing the capital for the right purposes in an efficient and transparent manner, while mobilizing maximum resources to ensure the project is implemented on schedule, meets quality standards, and is put into operation at the earliest possible date.
Once completed, the project is expected to contribute to completing a modern transport infrastructure system, enhancing competitiveness, and promoting sustainable economic growth in the region and the country./.