KCN VIETNAM GROUP SIGNS COMPREHENSIVE PARTNERSHIP WITH VIETINBANK, ADVANCING TOWARDS A COMPLETE SERVICE ECOSYSTEM FOR CUSTOMERS

Ho Chi Minh City, March 14, 2025: KCN Vietnam Group and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) have officially signed a Comprehensive Partnership, marking a significant milestone in the long-term partnership between the two entities.

This collaboration lays the foundation for the implementation of strategic corporate credit financing packages, enabling KCN Vietnam to complete its industrial ecosystem, including expanding landbank, developing high-quality factories and warehouses, and prioritizing the nationwide establishment of bonded warehouses.

Looking ahead to 2030, with modern and sustainable industrial infrastructure that meets green energy standards, integrating with tailored corporate financing solutions and multi-dimensional financial support, the Group aims to create a dynamic investment environment that fosters seamless business operations for both domestic and international investors, ultimately contributing to Vietnam’s robust economic growth.

This comprehensive partnership sets the stage for both existing and potential customers of KCN Vietnam and VietinBank to enhance their production capabilities, scale their businesses, and access a wide range of financial solutions, especially trade finance. This synergy will optimize capital efficiency and deliver outstanding benefits to their customers.

The partnership agreement between KCN Vietnam and VietinBank lays the foundation for the implementation of exclusive corporate credit packages, enabling KCN Vietnam to enhance its comprehensive ecosystem of products and services, ultimately providing optimal support for investors.

Vietnam is emerging as a leading economic growth hub in the East Asia – Pacific region, driven by a robust export recovery and rising domestic demand. With its strategic location and ongoing efforts to improve the investment climate, Vietnam is attracting substantial global foreign direct investment (FDI). As of January 31, 2025, total registered FDI reached USD 4.33 billion, a 48.6% increase compared to the same period in the previous year. This growth serves as a key driver for the development of industrial real estate and the finance-banking sector, paving the way for strategic partnerships to capitalize on emerging trends.

Under the newly signed agreement, KCN Vietnam and VietinBank have committed to comprehensive and in-depth cooperation across their respective fields of operation and business over the next five years. A key highlight of the agreement is VietinBank’s pledge to prioritize support for capital mobilization and corporate credit activities aligned with KCN Vietnam’s business model and operations. As a result, KCN Vietnam and its partners will gain access to VietinBank’s credit facilities with flexible interest rates, terms, and loan conditions. Additionally, both parties have agreed to explore the implementation of various financial solutions and services for KCN Vietnam’s customers in the future. These include corporate financial solutions such as payroll services, card issuance, domestic and international payment services, as well as loans for customers to purchase or lease industrial property developed by KCN Vietnam, offered with preferential interest rates and loan terms.

Mr. Hardy Diec, COO of KCN Vietnam Group, stated: “This comprehensive partnership with VietinBank is a testament to the robust growth potential of KCN Vietnam Group and underscores our commitment to continuously improving service quality. This strategic move enables us to optimize financial solutions and enhance the experience for our customers and partners, particularly in the areas of credit and banking. It also lays a solid foundation for KCN Vietnam to sustain its growth momentum, supporting the government’s efforts to attract FDI and positioning Vietnam to capitalize on the current global production shift.”

Mr. Hardy Diec, Chief Operating Officer of KCN Vietnam Group, emphasized that the partnership with VietinBank is a strategic milestone, enabling the Group to enhance service quality and provide comprehensive support for investors, ultimately driving FDI attraction.

At the event, Mr. Tran Minh Binh, Chairman of VietinBank, emphasized: “Phase 1 of VietinBank’s Digital Transformation Journey was initially planned for completion in 2028; however, we are accelerating this process, with 108 initiatives set to be completed by September 2026 – two years ahead of schedule. In parallel, we have established the Data & AI Division with the goal of leveraging data-driven decision-making and effectively integrating AI across our operations. This will enable VietinBank to gain deeper customer insights, optimize experiences, and deliver comprehensive, tailored financial products and services.

As one of Vietnam’s leading banks in terms of capital and total assets, VietinBank is also a key player in capital arrangement and financial solutions, particularly for large-scale real estate projects, including industrial property developments. Given this strong foundation, our partnership with KCN Vietnam Group – one of pioneers in developing the ‘green, clean, and modern’ industrial property model in Vietnam – will generate significant value for both parties. This collaboration will further enhance financial capacity, strengthen competitiveness, and drive long-term sustainable growth.”

Speaking at the event, Mr. Trần Minh Bình, Chairman of VietinBank, reaffirmed the bank’s commitment to supporting KCN Vietnam by offering tailored financial solutions, facilitating the execution of strategic projects, and contributing to the broader growth of both the company and the national economy.

Founded in 2021, KCN Vietnam Group has rapidly expanded its footprint over the past four years, covering an industrial land bank of over 300 hectares. To date, the Group’s project portfolio comprises 10 high-quality, ready-built warehouse and factory projects strategically located in key industrial zones across both southern and northern Vietnam. Strengthening ties with reputable partners like VietinBank marks a critical step in KCN Vietnam’s strategy to expand its project portfolio and deliver a comprehensive suite of products and services, providing maximum support to existing customers and foreign enterprises investing in Vietnam.

ABOUT KCN VIETNAM GROUP

Established in 2021, KCN Vietnam Group is a professional industrial property developer in Vietnam. To date, its project portfolio comprises 10 high-quality, ready-built warehouse and factory projects strategically situated in industrial zones across Southern and Northern Vietnam, including DEEP C (Hai Phong), Thuan Thanh 3B (Bac Ninh), Ho Nai (Dong Nai), Phu An Thanh (Long An), Song Than 3 (Binh Duong), Phuc Dien and An Phat (Hai Duong), and Tan Hung (Bac Giang), with a total land bank exceeding 300 hectares.

KCN Vietnam Group’s mission is to develop, design, and manage industrial and logistics infrastructure to meet the growing demand for high-quality industrial real estate for lease, while supporting businesses and promoting Vietnam’s sustainable growth.

Looking ahead, KCN Vietnam Group aims to expand its investment portfolio to become the leading industrial real estate platform in Vietnam. Its long-term vision is to position itself as the top choice for businesses, playing a pivotal role in Vietnam’s emergence as a sustainable industrial hub on the global stage.

KCN Vietnam Group has been recognized as the Best Industrial Real Estate Developer by Nhip Cau Dau Tu Magazine for two consecutive years (2023, 2024) and was named among the Top 50 Sustainable Development Enterprises in 2024. Additionally, the group was listed among the Top 10 Leading Real Estate Developers in Vietnam in 2023 at the BCI Asia Awards.

ABOUT VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) was established on March 26, 1988, with its headquarters located at 108 Tran Hung Dao, Hoan Kiem District, Hanoi. Today, VietinBank’s network includes 155 branches and nearly 1,000 transaction offices across 63 provinces and cities in Vietnam; two representative offices in Ho Chi Minh City and Da Nang; eight operational units, including the Trade Finance Center, Card Center, Training & Human Resource Development School, and five Cash Management Centers; two branches in Germany; one representative office in Myanmar; and a subsidiary bank in Laos. VietinBank also maintains relationships with over 1,000 correspondent banks in nearly 100 countries and territories worldwide.

VietinBank’s mission is to be a pioneering bank in national development by delivering optimal value to customers, shareholders, employees, partners, and the community. Its vision is to become a leading, modern, and efficient universal bank in Vietnam, aiming to be among the strongest banks in the Asia-Pacific region by 2030 and the most powerful and reputable bank in Vietnam and the Asia-Pacific by 2045, with a strong global presence.

Over the years, VietinBank has been recognized as a Vietnam National Brand and has received numerous prestigious international awards, such as Best SME Bank in Vietnam, Best Retail Bank in Vietnam, Best Foreign Exchange Service Provider in Vietnam, and Best Domestic Bank for FDI Enterprises in Vietnam. Notably, VietinBank has been named one of the world’s Top 2000 Largest Companies by Forbes 13 times.