THE SOCIALIST REPUBLIC OF VIET NAM
Government News
SHB and LILAMA join comprehensive cooperation
VNGOP- The Saigon Hanoi commercial joint-stock bank (SHB) and the Vietnam Machinery Erection Corporation (LILAMA) penned an agreement on comprehensive strategic cooperation on May 22 in Hà Nội.
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The signing ceremony between SHB and LILAMA – Photo: VNGOP |
The two sides pledged to use their respective product and service; give priorities to each one and their members in investment projects and programs; popularize their brand name; and take flexible measures to guarantee credits for their project.
SHB will offer priority credits, yearly or quarterly to LILAMA’s business activities and its members, as stipulated by the State Bank of Việt Nam.
LILAMA committed to open a transactional account at SHB and encourage its members to do the same at SHB’s branches nationwide. LILAMA will transfer and maintain its banking deposits at SHB.
SHB and LILAMA also agreed to invest in building hydroelectricity, thermo-electricity, power projects, malls, and offices for rent.
By Thùy Dung