On November 25, 2025, in HCM City, Vietcombank, Agribank and the Vietnam Expressway Corporation (VEC) officially signed the credit agreement for the expansion of the HCM City – Long Thành Expressway, ensuring sufficient funding for this strategic transport project that connects downtown HCM City with Long Thành International Airport in Đồng Nai Province.

Phạm Hồng Quang, Member of the Members’ Council and CEO of VEC (centre), Trần Thành Nam, Director of Vietcombank Đông Đồng Nai (left), and Nguyễn Hữu Hồng, Director of Agribank Tràng An (right), sign the credit agreement on behalf of the three parties in the presence of attending delegates

A three-pillar partnership creates new momentum for regional development

The expansion of the HCM City – Long Thành Expressway is a national priority project with total investment capital of VNĐ16.386 trillion. To ensure the project has the essential financial resources to stay on schedule, Vietcombank, acting as the lead arranger, and Agribank, as a syndicate member, have jointly provided a credit package worth VNĐ6.75 trillion. Of this amount, Vietcombank contributes VNĐ5.75 trillion (around 85 per cent), while Agribank contributes VNĐ1 trillion (around 15 per cent).

Preparations for the financing were launched well in advance. On June 6, 2024, Vietcombank and VEC signed a framework agreement on capital arrangement, laying the foundation for developing a feasible financing plan. On April 29, 2025, the Prime Minister Phạm Minh Chính assigned VEC as the project owner, and on September 3, 2025, VEC officially appointed Vietcombank as the lead arranger and Agribank as a syndicate member.

With their strong financial capacity and extensive experience in capital arrangement and risk management, Vietcombank and Agribank bring the strengths of major State-owned commercial banks to the project - ensuring stable funding while helping attract wider social resources for the development of vital transport infrastructure.

Leaders of Vietcombank, Agribank and VEC pose for a commemorative photo

Enhancing synergy and accelerating investment

Speaking at the ceremony, Lê Quang Vinh, Member of the Board of Directors and CEO of Vietcombank, said: “The signing of the credit agreement reaffirms the close cooperation and long-term commitment of State-owned banks to key national infrastructure projects, including Long Thành International Airport and the expressway networks that connect HCM City with the Southeast region.

“By proactively arranging and financing projects along the broader infrastructure ecosystem, State-owned commercial banks are not only demonstrating their financial capability, but also their strong commitment to sharing the Government’s long-term development vision in partnership with ministries, local authorities and businesses - for the country’s socio-economic development.”

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