On May 15th, 2025, in Hanoi, Amata City Ha Long Joint Stock Company and Vietnam Prosperity Joint Stock Commercial Bank (VPBANK) officially signed the Memorandum of Understanding (MOU), to establish a long-term strategic cooperation relationship. This agreement aims to facilitate the development of AMATA City Ha Long (also referred to Song Khoai Industrial Park) in Quang Ninh province, with a total credit facility of approximately USD 75 million (around VND 1,910 billion).
The agreement signing ceremony was presided over by Mr. Nguyen Van Nhan, General Director of AMATA City Ha Long and Mr. Kamijo Hiroki – Deputy CEO of VPBank, under the witnesses of representatives from both AMATA City Ha Long and VPBANK.
Under the agreement, both parties commit to sustainable and mutually beneficial collaboration across many operational areas, enhancing collaboration in the fields of: capital financing, payment services, cash flow management, international payments, and trade financing... to develop Song Khoai Industrial Park (Amata City Ha Long) to become one of the key industrial zones in Northern Vietnam. This partnership will also lay the groundwork for Amata City Ha Long to enhance its financial capacity, competitiveness, and access to advanced financial solutions to enhance business operations.
Located in Quang Ninh Province, Amata City Ha Long boasts significant advantages, including tax incentives, convenient highway access, and proximity to Hai Phong Port and Cat Bi Airport, greatly improving logistics efficiency.
The project is expected to drive annual economic growth for Quang Ninh Province and the Northern region, facilitating increased foreign direct investment (FDI), supporting industries, contributing trillions of VND to the government budget annually, and creating stable, long-term employment for local workers. This cooperation agreement is anticipated to support Amata City Ha Long in enhancing its infrastructure and operational efficiency, thereby attracting more high-quality FDI to Vietnam.
Over the years, VPBank has placed special emphasis on financing sustainable industrial development, focusing on smart industrial zones, advanced digital infrastructure, and ESG (Environmental, Social, and Governance) initiatives. In 2024, VPBank's total outstanding green credit reached VND 21,943 billion, marking a 48.5% growth compared to the same period in 2023. This growth was primarily driven by loans supporting low-carbon transportation, green construction, recycling/circular economy, sustainable agriculture and forestry, and renewable energy. In 2025, VPBank is expected to further accelerate growth in this sector.
During the event, Mr. Aukkares Choochouy – Member of the Board of Directors of Amata VN, expressed his appreciation to VPBANK for their support. He also affirmed AMATA’s commitment to developing AMATA City Ha Long as one of the most advanced industrial parks and an ideal investment destination for international investors in Vietnam.
This comprehensive cooperation agreement between Amata VN and VPBank marks a strong step forward for VPBank in providing comprehensive financial solutions: Project Finance, Supply Chain Finance, Insurance - Consumer Finance... for the partner ecosystem.
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About Amata City Ha Long:
Established in 2018, Amata City Ha Long spans 714 hectares across five development phases. To date, the industrial park has attracted 21 projects with a total investment of over $2.911 billion, generating thousands of jobs and contributing to local economic growth.
Operating under its distinctive 'All Win' business philosophy, Amata projects in Vietnam, including Amata City Ha Long, is committed to delivering mutual success and sustainable value for all partners, customers, the community, and stakeholders, thereby ensuring balanced development across three key dimensions: economic, social, and environmental.
For more information, please visit www.amatavn.com or contact:
Marketing Department, Amata City Ha Long,
Corporate Communication, Amata Corporation PCL.,
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About VPBank:
VPBank is one of Vietnam’s leading commercial banks in terms of total assets, operational efficiency, and profitability, with strong performance in retail and SME segments. VPBank is also a pioneer in digital transformation and is proud to be one of the fastest growing private banks.
In addition, SMBC (Sumitomo Mitsui Banking Corporation) has invested 15% of shares in VPBank, where SMBC Group positions Vietnam as one of the key countries for its Multi-Franchise Strategy, from 2023. Currently, SMBC is sending Japanese Secondee to VPBank to promote business in many fields and support customers who want to expand their business in Vietnam.
For more information, please visit: https://www.vpbank.com.vn
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