On August 16, 2020, in Hanoi, Trungnam Group and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) held a signing ceremony for a Comprehensive Cooperation Agreement.
The event was attended by Mr. Mai Tien Dung – Member of the Party Central Committee, Minister and Chairman of the Office of the Government; Mr. Nguyen Sy Cuong – Deputy Chairman of the National Assembly's Foreign Affairs Committee; Mr. Luu Xuan Vinh – Deputy Secretary of the Provincial Party Committee, Chairman of the Ninh Thuan Provincial People's Committee; Mr. Tran Dang Phi – Deputy Chief Inspector of the State Bank of Vietnam Banking Supervision Agency.
Representing Trungnam Group were Mr. Nguyen Tam Thinh – Chairman of the Board of Directors, Mr. Nguyen Tam Tien – General Director, alongside members of Trungnam Group's Executive Board.
Representing VietinBank were Mr. Le Duc Tho – Party Secretary, Chairman of the Board of Directors, Mr. Tran Minh Binh – Deputy Party Secretary, Member of the Board of Directors and General Director, Mr. Le Duy Hai – Head of Corporate Banking Division, alongside leadership representatives from the Corporate Banking Division, VietinBank Ba Dinh, VietinBank Quang Trung...
With over 16 years of operational history, Trungnam Group has executed major projects across infrastructure, real estate, and energy. The energy sector stands as Trungnam's core spearhead, featuring hydropower, wind, and solar projects. In recent years, Trungnam Group has commissioned 2 solar power projects in Thuan Bac district (Ninh Thuan province) and Duyen Hai (Tra Vinh province), with a combined capacity exceeding 360 MW, as well as a wind power project in Thuan Bac with a total capacity exceeding 150 MW. These milestones establish Trungnam Group as Vietnam's No. 1 clean energy investor.
In 2020, a major landmark unfolded as Trungnam Group became the investor in the 220/500kV Substation and Transmission Line combined with the 630 MWp Trung Nam Thuan Nam Solar Power Plant, becoming a pioneering private enterprise investing in national power transmission infrastructure to help realize Politburo Resolution 55 on National Energy Development Strategy.
Building on renewable energy successes, Trungnam Group is executing an expansive energy portfolio aiming to integrate an additional 10 GW into the national grid by 2027. Specifically, Trungnam Group is actively implementing plans for 900 onshore, near-shore, and offshore wind turbines across Dak Lak, Gia Lai, Tra Vinh, Ninh Thuan...
Concurrently, Trungnam Group continues to invest in renewable energy projects, such as LNG power and national transmission systems, under Resolution 55. To achieve these goals, Trungnam Group follows structured strategies and systematic investments, including purchasing over $66 million in specialized super-heavy crane equipment from Sany, training high-quality human resources, partnering with world-renowned suppliers, and establishing comprehensive cooperation with major financial institutions, exemplified by the comprehensive partnership agreement with VietinBank.
Mr. Nguyen Tam Thinh – Chairman of the Board of Directors of Trungnam Group speaking at the signing ceremony
Meanwhile, VietinBank is recognized as a leading bank in Vietnam's banking system, offering modern, international-standard financial products and services. Operating under a customer-centric philosophy, VietinBank views client success as its own. Over 32 years of development, VietinBank has maintained its position as a leading state-owned commercial bank, driving socio-economic growth across key sectors, economic regions, and localities.
Currently, VietinBank is focusing its resources on finalizing its 10-year development strategy (2021–2030) while restructuring operations to enhance efficiency, safety, and sustainability. VietinBank actively drives capital mobilization, manages credit quality, reduces operational costs to lower lending interest rates, maintains competitive market rates, and supports enterprises and citizens in accessing capital at optimal costs.
By 2020, VietinBank's total credit portfolio extended to economic organizations exceeded VND 630,000 billion. VietinBank has demonstrated a leading market share among corporate clients, state corporations, and major private enterprises leading key economic sectors.
Speaking at the ceremony, Mr. Nguyen Tam Thinh – Chairman of the Board of Directors of Trungnam Group - emphasized that signing the comprehensive cooperation agreement is vital for Trungnam Group, elevating the Group's financial capabilities with VietinBank's backing. The agreement opens new development opportunities, prioritizing mutual service utilization, strategic financial advisory, and governance support. This comprehensive partnership ensures Trungnam Group secures the financial resources necessary to accomplish major business targets.
At the event, following the signing of the main agreement, Trung Nam Tra Vinh Solar Power JSC and VietinBank Ba Dinh Branch officially executed a credit contract.
Communications Department