On 03 July 2020, at Park Hyatt Hotel, Ho Chi Minh City, Vietnam GS Industry (VGSI), and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) signed a comprehensive cooperation agreement to develop Phase 1-1 of ZEITGEIST – zeit RIVER COUNTY 1.
Mr. Cho Sung-yol, General Director of VGSI and Mr. Le Ngoc Lam, attended Deputy General Director of BIDV and directors and managers associated with both parties.
BOD’s representative between two parties in the ceremony.
Under the terms of the agreement, BIDV is committed to providing top financial services, including credit services, guarantees, account management, information security following the development of phase 1-1 of ZEITGEIST metro city’s first project zeit RIVER COUNTY 1. Besides, BIDV will also offer various privileges to partners and customers of VGSI.
VGSI has also strategically partnered with BIDV to widely incorporate its banking services throughout ZEITGEIST’s phase 1-1. It is an essential step toward strengthening cooperation between VGSI and BIDV in the future.
Expressing the ceremony, Mr. Cho Sung Yol – VGSI General Director has highly appreciated the cooperation between VGSI and BIDV in the future
Speaking at the ceremony, Mr. Cho Sung-yol, General Director of VGSI, expressed his appreciation for the partnership with BIDV. He also shared his expectation that this signing would serve as the foundation upon which both sides will enhance their competitiveness while maximizing their potential through reinforced positions and services.
Impressed by ZEITGEIST’s scale and its prime location in South Saigon, Mr. Le Ngoc Lam said he looked forward to cooperating with VGSI in the following key sectors: real estate, elevator factories, construction piling, aluminum, and more.
According to the agreement, VGSI and BIDV will jointly promote financial resources for investment and development strategies, both now and in the future. The two prestigious corporations are making efforts to deliver more quality products and services to meet the needs of customers in Vietnam shortly.
About Vietnam GS Industry – VGSI
Founded in 2007, VGSI is a subsidiary of the prestigious GS E&C in Korea with 100% foreign investment. The company located at 10 Luong Dinh Cua, An Khanh Ward, District 2, HCMC.
VGSI is a real estate investor owning large-scale land plots in strategic locations such as Nha Be, District 9, and Thu Thiem. ZEITGEIST, located on Nguyen Huu Tho Street in Nha Be District, is among the investor’s most prominent projects and boasts a total area of 349 hectares. Once complete, the project will be a metro city in South Saigon.
GS E&C and VGSI continually deliver exciting and successful projects to Vietnamese customers.
About Bank for Investment and Development of Vietnam – BIDV
BIDV operates in a variety of fields, including banking, insurance, securities, and financial investment. Over 62 years of development, BIDV has been recognized and awarded by many international and significant financial institutions for its outstanding business performance. BIDV is currently the largest commercial bank in Vietnam by assets.
Through the years, BIDV has received recognition from many national and international organizations, including the world’s top 2,000 largest public companies by Forbes; the world’s top 500 most valuable banking brands by Brand Finance; named “Best Retail Bank in Vietnam” for five consecutive years by The Asian Banker; awarded Best SME bank in Vietnam; among other prestigious awards.
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