|Phan Đình Tuệ (3rd from right), Sacombank’s deputy general director, signs a comprehensive co-operation agreement with Becamex Bình Phước Infrastructure Development JSC on Monday. — Photo Courtesy of Sacombank|Viet Nam News
HCM CITY — Sacombank and Becamex Bình Phước Infrastructure Development JSC on Monday signed an agreement under which Sacombank will provide credit to Becamex Bình Phước for construction of the Becamex - Bình Phước Industrial and Residential Complex project.
The signing took place in the framework of the Bình Phước Investment Promotion Conference with the presence of Prime Minister Nguyễn Xuân Phúc.
Sacombank will provide Becamex Bình Phước with financial services such as deposits and currency accounts, cards and ATMs as well as funds and full package services for businesses in the industrial park, and funds for customers buying houses in the project’s urban area.
The bank will also provide funds for members of the Becamex IDC Corporation.
The residential-industrial complex, which is one of the province’s key projects targeting foreign investment, covers over 4,600ha in Chơn Thành Town and three communes in Chơn Thành District.
With its strategic location adjacent to National Highway 13 and Highway 14, the project will help spur industrial development, and transportation and circulation of goods.
The project is expected to speed up the province’s economic growth; create a sustainable source of revenue, and attract domestic and foreign investment, while creating stable jobs for about 200,000 people and improving the living conditions of local residents. — VNS