Maritime Bank, VEC Ink Strategic Cooperation Agreement

On February 23, Maritime Stock Bank and the Vietnam Expressway Corporation (VEC) signed a strategic cooperation agreement under which Maritime Bank will give consulting services for VEC in mobilising capital to carry out expressway projects.

 

In the near future, Maritime Bank will underwrite corporate bond issue of VEC. Then, the lender will also cooperate with the road builder by jointly investing in potential projects or financing projects.

Addressing at the signing ceremony, Mr Tran Anh Tuan, General Director of Maritime Bank, said: “Regarding the cooperation VEC, Maritime Bank not only sees this a business opportunity but also its responsibility to the development of expressway network in Vietnam, a crucially important factor to boost socioeconomic development.”

 

VEC is a State-owned corporation having chartered capital of VND1 trillion that has been mandated to develop national expressway projects.