VietinBank has won the prestigious “Project Infrastructure Finance Deal of the Year” award at the Corporate and Investment Banking Awards 2022 hosted by The Asian Banking & Finance, as its significant project financing deal revolving around the expansion of a leading modern industrial park in Vietnam. 

The deal affirms the strength of the strategic relationship between VietinBank and one of the leading foreign-invested industrial developers in Vietnam, adding to past successful projects in industrial infrastructure. VietinBank also reinforced its position as a leading local bank for FDI enterprises and achieved its goals in facilitating the country’s development via efficient capital allocation for major infrastructure projects.

This is underpinned by the bank’s capabilities and track record in providing a large-scale credit facility and fund arrangement service for corporates as one of the largest local banks in Vietnam, with an extensive network of 155 branches nationwide and relationships with over 1,000 financial institutions across the globe.

With the surge of foreign capital inflows and the rapid expansion of the economy in Vietnam over recent years, VietinBank has stood out as a pioneering bank in financing major projects focused on enhancing existing infrastructure in Vietnam, thus fostering the country’s economic growth associated with sustainable development.

More importantly, with the establishment of dedicated teams serving customers from various countries such as China, Japan, and South Korea, and the strategic relationship with MUFG Bank, it has always been a major partner of prominent FDI enterprises operating in all sectors in Vietnam and is known for its ability to provide corporate customers with a suite of financial and banking services tailored to their sophisticated requirements and evolving needs across the entire business lifecycle.

Furthermore, in light of rising global demand for ESG initiatives, VietinBank has already deployed the inclusion of tighter social and environmental assessment criteria during the credit appraisal stage for project financing and prioritization of projects that support the national sustainability goals, including development projects of green industrial parks and logistics services, as a launching pad for Vietnam to attract high-quality foreign investment and bring about positive impacts on its socioeconomic development.