.jpg)
Vietcombank Quảng Ngãi and Quảng Ngãi Sugar Joint Stock Company sign a comprehensive cooperation agreement.
QUẢNG NGÃI – Vietcombank Quảng Ngãi and Quảng Ngãi Sugar Joint Stock Company (QNS) have signed a comprehensive cooperation agreement and a VNĐ2 trillion (approximately US$76 million) credit facility to finance the company’s short-term working capital needs.
The agreement was signed on October 28 in the presence of Vice Chairman of the Quảng Ngãi Provincial People’s Committee, Trần Phước Hiền.
Under the agreement, Vietcombank Quảng Ngãi commits to providing QNS with a working capital credit limit of at least VNĐ2 trillion per financial year to finance raw material purchases, payments for goods and services, and other operating capital requirements.
The bank will also consider providing medium- and long-term credit to QNS and its member companies, subject to their needs and applicable lending conditions.
In addition to lending, Vietcombank Quảng Ngãi will provide a range of banking services, including account and cash management, domestic and international payments, collection and payment services, payroll, guarantees, export financing and foreign exchange services.
The bank will also offer financial risk management solutions and provide economic and market information to support the company’s business activities.
For its part, QNS will prioritise supplying its products and related services in line with the bank’s needs and consider appropriate preferential policies for Vietcombank Quảng Ngãi and its employees.
The two sides will also cooperate in referring customers, cross-selling products and services, and developing joint customer care programmes.
The agreement will be translated into specific cooperation plans and service contracts tailored to the needs and capabilities of both parties and in compliance with the law.
Vice Chairman of the Provincial People's Committee Trần Phước Hiền delivers a speech at the ceremony.
Speaking at the signing ceremony, Hiền commended QNS for its contributions to the province’s socio-economic development and Vietcombank Quảng Ngãi for its support for local businesses.
He called on QNS to expand production and business operations, explore new business lines alongside its traditional products and optimise production processes, with a focus on green and sustainable development.
He also urged Vietcombank Quảng Ngãi to diversify its support mechanisms and facilitate access to capital for QNS and other local businesses, enabling them to expand operations and strengthen cooperation.
Both parties were encouraged to take the lead in applying science and technology, promoting innovation and accelerating digital transformation to improve competitiveness and contribute to the province’s socio-economic development.
M.H
