Fostering long-term partnership

LIEN HUONG

BIDV and Xuan Mai Corp sign comprehensive cooperation agreement for 2021-2025 period

BIDV and Xuan Mai Investment and Construction Corporation (Xuan Mai Corp) will bolster partnership, ensuring longterm and sustainable cooperation based on the strength of each party.

OFFERING GREAT OPPORTUNITY

On 1 June 2021, at BIDV's headquarters, Mr. Tran Long - BIDV's Senior Executive Vice President and Mr. Bui Khac Son - Chairman of the Board of Directors of Xuan Mai Corp signed a cooperation agreement for the 20212025 period under the witness of Mr. Phan Duc Tu - Chairman of the Board of Directors of BIDV, Mr. Le Ngoc Lam – BIDV’s Chief Executive Officer, Mr. Nguyen Tho Phung - Member of the Board of Directors of Xuan Mai Corp, Mr. Nguyen Cao Thang – Chief Executive Officer and managers of the two sides. Under the agreement, through development opportunities in the fields of design consultancy, construction, property, energy and production projects of Xuan Mai Corp, BIDV will provide working capital, medium and long term capital for implementation. At the same time, through the operation of a large financial institution like BIDV, Xuan Mai Corp can gain access to financial resources for its projects, as well as banking services and products to improve business efficiency and customer service quality.

Besides, as the leading financial institution in Vietnam, BIDV can refer potential customers to Xuan Mai Corp on a reasonable basis, helping the company to boost sales with the best quality and competitive products.

Xuan Mai Corp, a reputable property developer implementing a series of projects in many big provinces and cities across the country, is committed to creating favorable conditions for BIDV to develop its network of branches, transaction offices, and ATMs at its buildings and projects. The company will also share opportunities with BIDV to promote the bank’s brand at its real estate projects.

This signing ceremony marks a new development milestone in the relationship between Xuan Mai Corp

and BIDV, laying the foundation for the two sides to continue to support each other and deepen cooperation in the context of the digital age.

STRONG COMPANIONSHIP

Mr. Bui Khac Son - Chairman of the Board of Directors of Xuan Mai Corp said that during the development of Xuan Mai Corp, BIDV has always accompanied the company, providing capital as well as convenient and fast banking services, contributing to the success of the company. The achievements of Xuan Mai Corp today have been built upon the support and companionship of BIDV. Since 1999, BIDV has been financing most of the big projects Xuan Mai Corp has deployed. BIDV-funded real estate projects developed by Xuan Mai Corp such as Xuan Mai Spark Tower, Xuan Mai Complex, Xuan Mai Riverside, Xuan Mai Thanh Hoa, etc., have all been successfully implemented, contributing to cementing reputation and position of Xuan Mai Corp in the market.

“At this moment, I feel extremely moved. We understand that the signing of this comprehensive cooperation agreement is the great support and trust of BIDV's Leadership for Xuan Mai as well as the company's management”, said Mr. Son.

In addition to funding property projects, BIDV also provides medium and long-term capital for investment in machinery and equipment for production and construction. This helps Xuan Mai Corp create its landmark in terms of technology and equipment, competitiveness in the market, and promptly seizing business opportunities to increase profits.

Xuan Mai Corp appreciates BIDV system for its professional service, dedication, enthusiasm, timely providing guidance, advice and support for businesses, helping them achieve best results. Therefore, the comprehensive cooperation with BIDV - the pioneer and leading bank in the market will certainly contribute to helping Xuan Mai Corp realize its development goals through capital management support, credit extension, corporate bond issuance, as well as financial services for Xuan Mai and other member units of Xuan Mai Corp system.

A project developed by Xuan Mai Corp