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Vinacomin, HDBank ink landmark co-operation agreement

Update: November, 19/2012 - 10:34

HCM CITY (VNS)— The Viet Nam National Coal and Mineral Industries Group (Vinacomin) and HCM City Housing Development Bank (HDBank) last week signed a comprehensive co-operation agreement in Ha Noi.

Under the agreement, HDBank will provide Vinacomin and its affiliates with loans and other products and services to boost production, do business as well as make large-scale investments in the industry.

Vinacomin meanwhile, will give priority to HDBank's participation in process of preparing, consulting, sponsoring and co-sponsoring projects invested in by the group.

The two sides also plan to jointly develop capital-related products like improving cash flow management between parent and subsidiary companies. — VNS

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