HUNG THINH LAND SIGNS A COMPREHENSIVE STRATEGIC COOPERATION AGREEMENT WITH MILITARY COMMERCIAL JOINT STOCK BANK

On March 18, 2022 in Ho Chi Minh City, Hung Thinh Land Joint Stock Company and Military Commercial Joint Stock Bank signed a comprehensive strategic cooperation agreement to provide banking and financial products and services to members of Hung Thinh Land and both parties to individual customers.

According to the signed agreement, Military Commercial Joint Stock Bank (MB) will be one of the focal points to provide credit to carry out investment in real estate projects, provide working capital and other financial services to serve production and business activities of Hung Thinh Land and its member units.

At the same time, MB commits to provide effective financial solutions to customers, optimize the interests of the parties. Specifically, MB will lend to individual customers to buy - receive and transfer real estates developed by Hung Thinh Land with procedures, loan terms and preferential interest rates from time to time.

Hung Thinh Land commits to prioritize the use of financial and banking services of MB. The needs of cooperation, investment, joint venture will be enhanced to exchange for effective coordination between two sides.

 
Mr. Le Trong Khuong - Vice Chairman of Hung Thinh Corporation cum General Director of Hung Thinh Land (left) and Mr. Pham Nhu Anh - Member of MB's Executive Board performed the ritual of cooperation signing with the witness of representatives of 2 units.

 At the signing ceremony, representatives of MB and Hung Thinh Land also affirmed the priority of connecting technology on digital platform to effectively, transparently and quickly serve groups of individual customers in financial and banking transactions.

Mr. Le Trong Khuong - Vice Chairman of Hung Thinh Corporation cum General Director of Hung Thinh Land added: In early March, Hung Thinh Corporation officially introduced the world-class complex of resort - tourism – commerce, entertainment and shopping MerryLand Quy Nhon to the market. This is a key project of Hung Thinh Corporation, planning 15 subdivisions, with an area of nearly 700 hectares with total investment capital of phase I up to VND 57,000 billion.

 
Mr. Le Trong Khuong - Vice Chairman of Hung Thinh Corporation and General Director of Hung Thinh Land emphasized: The cooperation agreement with MB brings many flexible financial solutions to MerryLand Quy Nhon's customers.

To implement MerryLand Quy Nhon project, Hung Thinh Corporation has worked closely with many prestigious domestic and international partners, including MB. The strategic cooperation agreement with MB brings a lot of value to Hung Thinh Corporation, helps the MerryLand Quy Nhon project add more credit sources and at the same time provides many flexible financial solutions for customers.
 

"Besides, we also expect that with MerryLand Quy Nhon, MB can continue to expand the market and create more sustainable growth momentum for both sides," Mr. Le Trong Khuong shared.

Regarding MB side, speaking at the event, Mr. Pham Nhu Anh - Member of MB's Executive Board expressed: "I believe that MB's ecosystem - including the following fields: banking, securities, insurance, consumer finance, fund management, asset management and life insurance, along with the resonance of Hung Thinh Corporation's modern and diversified real estate ecosystem, will help two sides balance comprehensive interests, improve business efficiency, promote growth and competitiveness in the market”.

 
Mr. Pham Nhu Anh - Member of MB's Executive Board commits to bring effective financial solutions to MerryLand Quy Nhon's customers.

Hung Thinh Land Joint Stock Company is a leading real estate developer with 20 years of operation in Vietnam market. For the past two decades, Hung Thinh Land has successfully developed a series of projects in various types of real estate, provided more than 30,000 products to the market, served more than 100,000 customers, and created a place to settle down for the community. As a pillar member of Hung Thinh Corporation, Hung Thinh Land currently owns and develops 56 diverse projects, with a land bank of nearly 3,300 hectares in prime locations spreading across provinces and cities nationwide.

Military Commercial Joint Stock Bank is a multi-functional financial group that operates effectively with parent bank in Vietnam & abroad (Laos, Cambodia, representative office in the Russian Federation) and member companies (in fields of securities, insurance, consumer finance, fund management, asset management, life insurance). For 28 years of construction and growth, MB has currently been considered as a stable, reliable financial institution with safe and sustainable development and high reputation.

The signing ceremony of comprehensive cooperation agreement between Hung Thinh Land and MB is an important milestone to enhance the competitiveness of two units in the face of the trend of international economic integration. Based on the unique advantages of each enterprise, two sides will have mutual support, complement and promote their advantages to bring the best business performance and continue to develop stronger in the future.

Some photos from the event:

The event was fully attended by representatives of Hung Thinh Land and MB Bank

Mr. Le Trong Khuong presented the souvenir to Mr. Pham Nhu Anh

Mr. Pham Nhu Anh gave congratulatory gift to Mr. Le Trong Khuong for successful cooperation