Business 26/07/2022 2,000

Hanoi – July 26, 2022, Stavian Group and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) signed a comprehensive cooperation agreement for the period of 2022 - 2027

During the past 10 years, BIDV has always been a long-term and reliable partner of Stavian Group in every development stage. With a network of 189 branches and 871 transaction points nationwide and cutting-edge technology infrastructure, BIDV has always promptly accompanied the Group’s P&Ls’ diverse needs in many business areas such as plastic resins, petrochemicals, chemicals, logistics, pulp and paper, investment, real estate, etc. Being one of the biggest financial institutions in Vietnam and the leading digital transformation unit with a diverse digital ecosystem, BIDV has annually supplied trillions dong of capital as well as provided modern financial services to support Stavian Group’s business activities.

Based on the comprehensive cooperation agreement between the two parties, BIDV is committed to continuing timely providing working capital for the business activities as well as mid- and long-term projects of Stavian Group and P&Ls. At the same time, BIDV will be the provider of comprehensive financial solutions for Stavian Group. This cooperation agreement is also the basis for the two parties to further optimize each other's potential, cross-sell products, increase benefits for customers and partners, and together implement more innovative banking services.

Stavian Group is honored to be a strategic partner of the Joint Stock Commercial Bank for Investment and Development of Vietnam - one of the biggest banks in the Vietnamese market with more than 65 years of establishment and development. In the coming time, with the strong support and potential of BIDV, Stavian Group will continue to expand and develop its business activities, affirming its position as a multi-industry and multinational enterprise and the commitment to develop sustainably and responsibly to the community, bringing benefits to all stakeholders as well as contributing positively to the socio-economic development of Vietnam and the world.