RELEASED DATE 26 Jul 2022
Under the cooperation agreement, BIDV is committed to financing working capital for production and business activities as well as medium and long-term projects of Stavian Group and its subsidiaries. BIDV will also provide Stavian Group with a pack of comprehensive financial solutions. This cooperation agreement offers an opportunity for the two sides to exploit each other's potential, cross-sell and bring more benefits to customers via modern banking services.
Mr. Le Ngoc Lam – Chief Executive Officer of BIDV underlined: "The two sides have established a close relationship since the early days of the Stavian Group. BIDV looks forward to continuing to elevate the corporation in the coming time.”
Mr. Dinh Duc Thang – Chairman of Stavian Group – expressed his appreciation for the cooperation relationship with BIDV. “We wish to accompany and become a strategic partner of BIDV and together effectively implement the economic projects on the basis of mutual benefit and sustainable development”.
BIDV has been a trusted partner of Stavian Group for a decade. With a network of about 1,100 branches and transaction offices nationwide and a modern technology infrastructure, BIDV has the advantage in serving Stavian Group’s member units and partners, meeting their needs in a timely manner. As an experienced large financial institution, BIDV has provided capital of up to trillions of Vietnam dong annually to serve the production and business activities of Stavian Group, providing diversified banking products and services including deposits, payments, bond investment, guarantees, trade finance, foreign currency trading, etc.
|Stavian Group, established in 2009, is a multinational conglomerate with 20 branches across the globe, and two large export factories in Vietnam. Its total revenues in 2021 reached nearly USD2 billion. Stavian Group is currently the leading distributor in primary plastic resins in both the region and the world, and is known as one of the leading manufacturers of biodegradable packaging in Vietnam. In the coming time, Stavian Group will continue to expand and develop business activities in other industries such as plastics and petrochemicals, chemicals, logistics, distribution of consumer goods, pulp and paper, investment, and real estate.|