HDBank, Vinamotor sign cooperation deal

The Vietnam Motors Industry Corporation (Vinamotor) will become a strategic customer of the Ho Chi Minh City Housing Development Joint Stock Bank (HDBank) in credit, banking and investment services.

Under a comprehensive cooperation agreement signed between the two parties on May 20 in Hanoi, HDBank will provide Vinamotor with loans for production and business as well as large-scale investment projects.

The bank will also give priority to Vinamotor and its member companies in the use of its products and services of the bank.

The two sides also plan to jointly invest in several transport projects concerning steel structure production, labour export, tourism and financial investment.

HDBank committed to create favourable conditions for Vinamotor to contribute capital to the bank and buy shares on the principle of mutual benefits.

Vinamotor is a state-owned corporation with 50 member companies manufacturing passenger cars and trucks for domestic market and export.

vietnamplus

>   Hoa Phat climbs to seven-month high on profit (21/05/2009)

>   Interest returns as Vietnamese stocks become cheap (21/05/2009)

>   03/06/2009, record date for bond coupon payment TP1A1605 (21/05/2009)

>   27/05/2009, record date for bond coupon payment CP4A2504, CP4A2404 (21/05/2009)

>   HCC: Financial Statement in brief QI-2009 (21/05/2009)

>   DTC: Financial Statement in brief QI-2009 (21/05/2009)

>   S99: Financial Statement in brief QI-2009 (21/05/2009)

>   HCC : Result of transaction of principal shareholder (20/05/2009)

>   CMC: Notice of transaction of Directors, PDMR (20/05/2009)

>   PGS: Explanation for the difference between FS in brief QIV/2008 and AFS 2008 (20/05/2009)