Ceremony Of Signing Comprehensive Cooperation Agreement Between Gaw Np Capital & Vietcombank

On April 2, 2021, the signing ceremony of the comprehensive cooperation between Gaw NP Capital and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) was held in Ho Chi Minh City, marking a memorable milestone throughout the bilateral cooperation journey of the two sides. Besides, at the signing ceremony, the OneHub Saigon project was granted an adjusted investment registration certificate to increase the construction scale after more than six years of implementation.

• Signing the Comprehensive Cooperation Agreement between Gaw NP Capital & Vietcombank

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Gaw NP Capital organized a signing ceremony of a Comprehensive Cooperation Agreement of which the main contents include:

• Vietcombank commits to consider credit financing for the entire “Onehub Saigon Complex” Project with a total limit of up to $206 million along with preferential lending interest rates.
• Vietcombank will also provide Gaw NP Capital with other financial services such as money management, foreign exchange and capital market, working capital financing, card payment, online payment and ATM.

Before the comprehensive cooperation signing ceremony, Vietcombank and Gaw NP Capital have been cooperating closely with each other in multiple fields. Vietcombank has also been a credit providing partner for many important projects of Gaw NP Capital in Vietnam. From these solid foundations, the fact that the signing ceremony took place has raised the relationship between the two sides to a strategic level, opened the stage of close cooperation and the most comprehensive development together in order to maximum exploit the potential of each unit, thereby bringing mutual benefits to both sides.

Mr. Ngo Minh Nhut – Representative of Joint Stock Commercial Bank for Foreign Trade of Vietnam – Tan Dinh Branch – said: “This comprehensive cooperation agreement will create a premise for the two sides’ units to exploit their strengths and develop an increasingly strong business cooperation relationship. Gaw NP Capital’s development orientation is in Vietcombank’s list of priority credit growth sectors, so we commit to creating all conditions to implement the signed content.”

• Granting the Adjusted Investment Registration Certificate for the OneHub Saigon Project

Also at this ceremony, the Saigon Hi-Tech Park Management Board granted the adjusted investment registration certificate for the Onehub Saigon Complex Project. This is the modern complex area project located in the Hi-Tech Park of Ho Chi Minh City which is invested and developed by Gaw NP Capital following international standards. OneHub Saigon Project had been granted the first investment registration certificate on September 25, 2014, with a total investment of $130 million and a 10-building construction scale (total construction floor area of 214,000 m2 approximately). After more than six years of implementation, the Management Board of Saigon Hi-Tech Park approved an adjusted investment registration certificate for this project to increase the construction scale to 11 buildings with a total construction floor area of 360,288 m2. The total investment capital of the project thus increased correspondingly to $169.4 million.

“Onehub Saigon is a big investment project implemented with a modern complex model following international standard. The increase in the project scale represents a strong reaffirmation of the commitment to investing in the Hi-Tech Park in particular and in Ho Chi Minh City in general of Gaw NP Capital. At the same time, this demonstrates the vision as well as the righteous decisions of local leaders in creating conditions for businesses to optimize the efficiency of land use and utilize private resources to bring more choices in investment locations for investors at the Hi-Tech Park who has run out of land funds.” – said Mr. Vo Sy Nhan – General Director of Gaw NP Capital.

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Information about the OneHub Saigon Project

The OneHub Saigon Complex Area project is located in the Hi-Tech Park of HCMC and constructed on 12 hectares of land, with a total investment capital of $169.4 million. The project was developed following the model of a modern complex with international standards including a mixed-use commercial building, seven high quality business park buildings, two Work-Office-Home-Office (WOHO) buildings, and a training centre. The complex area is only a few minutes drive away from the centre of HCMC and owns a prime location right at the main gate of the Hi-Tech Park, which is adjacent to the front of Hanoi Highway, opposite and directly connected to metro station No. 12 of Ben Thanh – Suoi Tien Metro by a pedestrian skywalk. The project aims to provide a highly connected working environment to promote interaction, cooperation and creativity, along with a wide range of hi-end and practical services and facilities, from which to fully respond to the needs to Work – Live – Learn – Entertain of investment businesses and employees working in the Hi-Tech Park of HCMC.

Information about Gaw NP Capital

Gaw NP Capital was born in 2016 from a strategic partnership between Gaw Capital Partners (Hong Kong’s major private equity fund management company specializing in the global real estate sector) with NP Capital Partners (the Real estate investment and management unit that has extensive experience with a large network of relationships in the real estate market in Vietnam).

After 5 years of development, Gaw NP Capital has made a mark in the Vietnamese market with a range of large projects such as Hyatt Regency (Da Nang), One Hub Saigon Complex (HCMC) and Yen Binh GNP Industrial Center (Thai Nguyen).

Information about Vietcombank:

In 2020 and early 2021, the outbreak of the Covid-19 epidemic globally has a great impact on all aspects of the country’s socio-economic life. As the main bank in the banking system in Vietnam, Vietcombank has exemplified the lead and successfully performed “dual duties”; ensuring business continuity, safety and efficiency; join hands with the whole country to drastically prevent epidemics.

At the same time, Vietcombank has also shared and accompanied enterprises and customers to overcome difficulties. Typically, through 5 times of loan interest rate cuts, they shared VND 3,700 billion of profit, contributed to the rapid recovery, stability and development of national socio-economic in new normal conditions. Vietcombank has steadfastly implemented its strategic goal until 2025: to maintain its position as the number one bank in Vietnam, one of the 100 largest banks in Asia, one of the 300 biggest financial and banking groups in the world, one of the largest banks in the world and one of the world’s 1,000 largest companies.

Established in 2001 and has been a representative branch of the entire Vietcombank system, Vietcombank Tan Dinh continues to affirm that it is a strong branch and it is always honoured to be nominated as the excellent branch for the past five years.