MB and Gilimex sign strategic cooperation agreement

January 19, 2024 | 11:51

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On January 18 in Hanoi, the signing ceremony took place for a strategic cooperation agreement between Military Bank (MB) and Gilimex Industrial Park JSC (Gilimex).

MB and Gilimex sign strategic cooperation agreement

To promote each party's advantages, MB and Gilimex will provide products and services to each other to best exploit the potential of both, thereby driving sustainable development and moving towards a long-term strategic partnership.

According to the agreement, MB will sponsor capital for Gilimex, its member companies, and related entities to invest in the Gilimex Industrial Park project. The value of credit and financial services provided by MB to Gilimex is expected to be up to VND5 trillion ($211 million).

Pham Nhu Anh, CEO of MB, speaking at the event

Speaking at the ceremony, Pham Nhu Anh, CEO of MB said, "MB and Gilimex have recently coordinated closely and decisively, as reflected in the consistency in their commitments and progress to support each other."

Outlining the business orientation for 2024, Anh emphasised that the bank will focus its credit on the country’s key industries, especially industrial park real estate.

In addition to providing credit for the Gilimex Industrial Park project, MB also provides other high-quality financial and banking facilities for Gilimex such as bond issuance consulting and collection services at trading floors, as well as for the company’s new ventures.

Nguyen Viet Cuong, member of the Board of Directors of Gilimex, speaking at the event

Nguyen Viet Cuong, member of the Board of Directors of Gilimex emphasised, "Over more than four years of establishment, Gilimex Industrial Park has achieved quite rapid progress, but this is the first time we have officially had a companion."

He also expressed his hope that with MB's unique advantages in the banking sector, as well as Gilimex's strong developments in the market, both units will together bring the highest value products and services to customers.

After 30 years of operation, Military Commercial Joint-Stock Bank (MB) has become a multi-functional financial group and one of the largest financial institutions in Vietnam, with six member companies and a fully owned bank abroad. It operates effectively in finance and banking, securities, asset exploitation, insurance, and investment fund management. In 2024, MB Group is determined to accelerate its digital capability and conquer the goal of serving 30 million customers.

Gilimex Industrial Park JSC was established in November 2019 and is headquartered in Hue. It is the investor of the Gilimex Industrial Park Infrastructure Investment and Construction Project, with an area of just over 460 hectares in Thua Thien-Hue province.

The company's long-term development goal and orientation is to build a chain of industrial parks (IPs) in localities across the country. To date, the company has invested in two IPs in Thua Thien-Hue and Vinh Long provinces, and is focus on implementing research and investment in the provinces of Bac Giang, Bac Ninh, Quang Ngai, and Dong Thap.

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