VietinBank honoured with ‘Project Infrastructure Finance Deal of the Year’ award

VietinBank was given the prestigious “Project Infrastructure Finance Deal of the Year” award at the Corporate and Investment Banking Awards 2022 hosted by Asian Banking & Finance for its significant project, financing an expansion project of a leading modern industrial park.

The deal will draw in a huge amount of foreign investment and create thousands of new jobs in Vietnam’s pivotal emerging economic zone.

This deal affirms the strength of the strategic relationship between VietinBank and one of the leading foreign-invested industrial developers in Vietnam. VietinBank also reinforced its position as a leading local bank for foreign-invested enterprises (FIEs) and achieved its goals in facilitating the country’s development via efficient capital allocation in major infrastructure projects.

This is underpinned by the bank’s capabilities and track record in providing large-scale credit facilities and fund arrangement services for corporates, owning an extensive network with 155 branches nationwide and having a correspondent relationship with over 1,000 financial institutions worldwide.

More importantly, with the establishment of dedicated teams serving customers from various countries, such as China, Japan, and Korea, and a strategic relationship with MUFG Bank, VietinBank has always been a major partner of prominent FIEs in all sectors nationwide, known for its ability to provide corporate customers with a suite of financial and banking services tailored to their evolving needs.

In light of rising global demand for ESG initiatives, VietinBank has already deployed the inclusion of tighter social and environmental assessment criteria during the credit appraisal stage for project financing and prioritisation of projects that support the national sustainability goals, including the development of green industrial parks and logistics services as a launching pad for Vietnam to attract high-quality foreign investment and bring a positive impact socioeconomic development.

VietinBank and Manulife Vietnam have officially launched their joint operations under an exclusive cooperation agreement lasting 16 years.

The year 2023 will mark the 10th anniversary of the VietinBank - MUFG strategic alliance. This is a significant milestone on the collaboration journey of the two banks and triggers so many special memories.