VietinBank signing credit contract with Piaggio Vietnam
On 9th June 2016 afternoon, in Hanoi, the credit contract between Piaggio Vietnam LLC. (Piaggio Vietnam) and VietinBank was signed.
| Mrs. Nguyễn Thị Anh Đào and Mr. Costantino Sambuy signing the credit contract. |
Attendants of the Signing ceremony includes: Mr. Mauro Prignoli – Vice President and CFO of Piaggio Corporation; Mr. Cesare Bargellini – CFO of Asian–Pacific Piaggio; Mr. Costantino Sambuy – CEO of Piaggio Vietnam and other representatives from Piaggio.
Delegates of VietinBank were Mr. Lê Đức Thọ - Board Member cum CEO; Mrs. Phạm Thị Thanh Hoài – Head of Multinational Corporations & International Funding Department; Mrs. Nguyễn Thị Anh Đào - Director of VietinBank Quang Minh branch and leaders from Legal Department, Treasury and Financial Planning Management Department and Credit Approval Department…
Through 28 years of establishment, VietinBank always put the best effort to maintain its leading position on Vietnamese banking-financial market. In the context of domestic as well as global economic difficulties, VietinBank still accomplished excellently all the missions set out and is highly graded as having a stable outlook by international rating agencies.
By the end of 2015, VietinBank continues to secure its position as one among the leading commercial banks in terms of total assets, equity and profitability with the lowest NPL ratio in the banking sector. This success is the foundation and the momentum for VietinBank to integrate on regional and international scale in 2017, seeking to thrive as a regional bank in 2017.
As of now, Vietnam is getting more and more involved in new trade pacts and agreements such as the TPP, FTA and therefore, FDI sector is one among VietinBank’s prioritized sector to invest its resources and supply with diversified, high-quality products. Thanks to FDI community’s trust, VietinBank has managed to provide services to many corporations over the world.
Piaggio Vietnam LLC is a 100% FDI corporation with capital contribution from Piaggio Vespa B.V and Piaggio & C.S.p.A – leading corporations in two wheeled motor with global scale and world-acclaimed brand name. In Vietnam, Piaggio Vietnam LLC is one among the major FDI companies invested in Vĩnh Phúc province, and it is the leading brand name in the market of hi-end motorbikes and scooters.
With the signed credit contract, VietinBank will be the bank financing Piaggio’s “New Product Research, Development, Production and Assembling Project” at Bình Xuyên Industrial Zone. This project plays an important role in Piaggo’s business strategy in Vietnamese and regional markets.
Mr. Lê Đức Thọ - CEO of VietinBank has expresses his sincere thanks to Piaggio Vietnam LLC – VietinBank’s important partner. Mr. Thọ believed that after this signing ceremony, VietinBank and Piaggio Vietnam LLC will keep each other’s company towards success and at the same time, many other partnership opportunities in Trade Finance, Foreign Currency Trading, Deposit, Worksite Business for Piaggio’s employee, Consumer Finance, Installment loans for Piaggio buyers… will flourish as well.
Xuân Nguyện
