Vietinbank supports development of retail and fresh food in Ho Chi Minh city

On April 20th, the Vietnam Joint Stock Commercial Bank of Industry and Trade (VietinBank) and Saigon Trading Group One Member Limited Liability (Satra) signed a cooperation agreement for the 2016-2021 period.

Representatives of Vietinbank and Satra signed the agreement. (Photo: nld.com.vn)

Accordingly, Vietinbank will finance two Satra trade centres, in Cu Chi and Vo Van Kiet, and two production plants of Vietnam Meat Industries Limited Company (VISSAN) and Cau Tre Export Goods Processing Joint-Stock Company, with total value of about VND2 trillion.

With Vietinbank’s support, Satra expects to gain rapid and firm development in expanding the retail system, contributing to maintaining the retail market in Vietnam and fulfilling tasks assigned by the Ho Chi Minh city Party Committee and People’s Committee.

Vietinbank now has 21 branches with hundreds of transaction offices in Ho Chi Minh city. The bank is funding many major key projects in the city such as Thu Thiem Urban Area, Hanoi Highway, Binh Trieu bridge, urban railway routes and Hiep Phuoc Industrial Zone./.

( Compiled by VNF )