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| Vietcombank and PV GAS signed co-operation agreement. — Photo chinhphu.vn |
Viet Nam News
HÀ NỘI — Vietcombank and PetroVietnam Gas Corporation (PV GAS) signed a comprehensive strategic co-operation agreement in the central city of Quy Nhơn earlier this week.
The agreement marked an important step in cooperation between the two sides.
Under the agreement, Vietcombank and PV GAS agreed to ensure transparency, competitiveness and effectiveness in their cooperation.
Vietcombank will provide overall financial packages, including project financing, international payment, money flow management and individual finance with numerous preferential policies to PV GAS.
The two sides also signed a credit contract on the same day. According to the contract, Vietcombank will provide a short-term credit of VNĐ4 trillion to supplement floating capital to PV GAS and its subsidiaries.
They will also enhance cooperation in retail services.
Speaking at the signing ceremony, Nghiêm Xuân Thành, Vietcombank’s management board chairman,said the bank and PV GAS had been co-operating for 28 years.
“Vietcombank shared the key role of PV GAS in the Việt Nam gas industry development master plan as well as in implementing targets in the country’s petrolimex development strategy,” Thành said, adding that the two sides will create success in their own business strategies, diversifying cooperation both domestically and globally. — VNS
