Vietcombank, IDICO partner to promote sustainable industrial development

Vietcombank and IDICO have signed a strategic cooperation agreement and a VNĐ4 trillion (US$154.2 million) credit contract to finance the Tân Phước 1 Industrial Park project in the southern province of Tiền Giang.


This marks a key step in their partnership, reinforcing Vietcombank’s role in supporting green transition efforts aligned with Việt Nam’s target of reaching net zero emissions by 2050.

In April, the two sides signed a VNĐ2.45 trillion loan for IDICO’s first eco-industrial park, Vinh Quang (Phase 1) in Hải Phòng City.

Board member and CEO of Vietcombank Lê Quang Vinh (right) and board member and CEO of IDICO Đặng Chính Trung (left) sign the strategic cooperation agreement

A leading bank supporting green business transformation
Over the past four years, Vietcombank has quadrupled its green credit portfolio—from VND11,765 billion in 2020 to nearly VND47,600 billion in 2024.

The signing event not only reflects the strategic trust between two leading brands, but also represents a concrete step toward realizing commitments to green economic development and enhancing national competitiveness. Through modern financial solutions, Vietcombank provides stable and flexible funding, affirming its role as a trusted financial partner. The bank is committed to long-term collaboration with IDICO in advancing green transformation, creating lasting value for society.

Mr. Võ Minh Trí – Director of Vietcombank East Saigon (right), and Mr. Nguyễn Hồng Hải – Deputy General Director of IDICO and Director of IDICO Tiền Giang JSC (left), represented their organizations in the signing ceremony for the credit agreement for the Tân Phước 1 Industrial Park project.

Mr. Võ Minh Trí – Director of Vietcombank East Saigon (right), and Mr. Nguyễn Hồng Hải – Deputy General Director of IDICO and Director of IDICO Tiền Giang JSC (left), representing their respective organizations, at the signing ceremony for the credit agreement for the Tân Phước 1 Industrial Park project

Joining forces for responsible and sustainable development
Under the partnership agreement, Vietcombank will offer a comprehensive financial services package to the IDICO ecosystem. This includes payment and cash flow management, international payments and trade finance, foreign exchange and capital markets, credit financing, investment banking, and customized products for IDICO’s employees and partners across its value chain.

Vietcombank is currently providing medium- and long-term financing for the Cầu Nghìn Industrial Park (Thái Bình), and expanding cooperation on two other key projects: Vinh Quang Industrial Park (Phase 1) and Tân Phước 1 Industrial Park.

In the context of deep global integration and rapid digital transformation, the collaboration between Vietcombank and IDICO serves as a model for finance-industry synergy aimed at a greener future. This partnership marks a new chapter in cross-sector cooperation, spreading positive impact throughout the economy and broader community.

VCB News

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