Credit grant of 1,8 billion USD for Component 3 Project to build Long Thanh Airport - Vietnam.vn (2024)

Prime Minister Pham Minh Chinh attended the signing ceremony of a credit contract worth 1,8 billion USD for component 3 project of Long Thanh International Airport

On the afternoon of June 1, in Hanoi, Prime Minister Pham Minh Chinh attended the signing ceremony of a credit contract worth 6 billion USD for component 1,8 project of Long Thanh International Airport. Also attending were Governor of the State Bank of Vietnam Nguyen Thi Hong, Minister of Finance Ho Duc Phoc, Secretary of the Party Committee of the Central Business Sector Nguyen Long Hai, and leaders of ministries, branches and central agencies.

The event was organized by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) - the focal point for arranging capital, along with the Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and the Corporation. Airports of Vietnam (ACV) organized.

Accordingly, banks will grant a credit of 1,8 billion USD for project component 3 (essential works in the airport) of the Long Thanh International Airport construction investment project - phase 1. because ACV is the investor. Of which Vietcombank sponsored 1 billion USD, VietinBank sponsored 450 million USD, and BIDV sponsored 350 million USD.

Previously, at the end of November 11, the State Bank of Vietnam issued a document accepting Vietcombank, VietinBank, and BIDV to lend ACV medium and long-term foreign currency to implement the project.

Speaking at the event, Prime Minister Pham Minh Chinh stated that our Party and State determine that building a synchronous and modern infrastructure system is one of three strategic breakthroughs for development and modernization. country. In particular, focusing on developing the transportation infrastructure system (highway system, airport...) is an important pillar, creating new development space and driving force for socio-economic development. , ensuring national defense and security, promoting foreign affairs and international integration.

Practice has proven that the transport infrastructure system plays a pioneering, leading role and brings practical effects to socio-economic development over the past time. Wherever traffic develops, new development space will open up, creating new dynamics, new potential, new values ​​and new atmosphere.

Prime Minister Pham Minh Chinh spoke at the event

More specifically, transportation infrastructure will create motivation to form urban areas, industrial parks, services, and tourism; Promote effective exploitation of land fund with higher added value, reduce logistics costs, reduce input costs for production and business, and improve product competitiveness; create favorable conditions for easier travel and trade, save time and costs, promote attracting investors, international tourists, and people-to-people exchanges.

The Prime Minister emphasized that the Long Thanh International Airport construction project is an important national project, a key project of the transportation industry, a special-level project, and has strategic significance for the development of the country. socio-economic development of the southern key economic region, as well as the development of Vietnam's aviation industry and our country's economy and society in the coming years.

The project has been approved by the National Assembly for its investment policy since 2015 with the goal of building Long Thanh airport to become the most important and largest international airport in Vietnam with an area of ​​more than 5.000 hectares. Operating capacity welcomes 100 million passengers and 5 million tons of goods/year, applying advanced and modern technologies in management and operation. The Long Thanh International Airport project is forecast to create 200.000 jobs and contribute 0,98% to Vietnam's GDP in 2030.

Together with Tan Son Nhat International Airport (expanded) and Bien Hoa airport (under study for upgrading and civil operation), Long Thanh International Airport will form an international airport cluster. modern, with large scale and capacity, synchronous and quality exploitation capacity, becoming a leading regional and international air transit and logistics center.

In 2020, the Prime Minister approved the investment decision for phase 1 for the Long Thanh International Airport project with the scale of 1 runway, 1 passenger terminal, and transport capacity of 25 million passengers. and 1,2 million tons of goods/year.

In particular, ACV was assigned to be the investor of component 3 project - "essential works in airports" - a particularly important component, with large scale and the most complex technical and technological nature for the project. with the entire phase 1 of the Long Thanh International Airport construction project.

The total estimated investment for the entire Long Thanh airport is more than 16 billion USD, divided into 3 phases. Total investment capital for phase 1 is more than 5,4 billion USD, of which component 3 project's loan demand as of December 13, 12 is 2023 billion USD (1,8%).

On behalf of the Government, the Prime Minister warmly welcomed and praised the positive efforts of Vietcombank, Vietinbank, and BIDV banks along with the close monitoring and coordination of the State Bank of Vietnam, which quickly helped arrange received a large funding amount of 1,8 billion USD to promptly support investor ACV to sign construction contracts with contractors, meeting the project implementation schedule according to the requirements and directions of the Prime Minister. Prime Minister.

The Prime Minister assessed that the provision of 1,8 billion USD in credit represents a breakthrough development step for domestic commercial banks in arranging foreign currency capital for customers.

Governor of the State Bank of Vietnam Nguyen Thi Hong spoke at the signing ceremony

This is the project with the largest total amount of funding, especially in foreign currency, ever by Vietnamese commercial banks, specifically by state-owned commercial banks.

This is also the first project to be completely arranged with medium and long-term USD loans from Vietnamese commercial banks, with more competitive conditions than direct loans from financial institutions. international.

Along with contributing to promoting safe and sustainable credit growth, the 1,8 billion USD sponsorship for a large project like Long Thanh Airport is a clear demonstration of the position and growth of these companies. Vietnamese commercial banks in arranging capital for complex and large-scale projects. At the same time, creating a new positive precedent helps encourage and promote the initiative of domestic investors to not have to depend on foreign loans in the near future.

This also contributes to implementing the Party and State's policy of promoting the spirit of self-reliance and self-reliance, taking internal resources as basic, strategic, long-term, and decisive to build and develop the country. , the Prime Minister assessed.

On this occasion, the Prime Minister praised the efforts and determination of ACV and related entities, congratulated the positive results in building Long Thanh airport recently and inaugurated many other airports, such as Phu Bai, Dien Bien.

However, the Prime Minister stated clearly that this is only an initial result, although it is very commendable and encouraging. In the coming time, the Prime Minister assigns the Ministry of Transport, the State Bank, the Ministry of Finance, the Ministry of Planning and Investment, the Committee for Management of State Capital at Enterprises, and relevant ministries and agencies to Focus on implementing the following 5 important tasks and solutions:

First, further focus resources on developing strategic transport infrastructure projects, especially highway projects, high-speed railways, airports, and ports, contributing to increasing investment attraction, create new production capacity for the economy.

Monday, Facilitate the mobilization and use of all legal capital sources for strategic infrastructure projects including investment capital from the State budget, social investment capital, private sector, public-private cooperation, investment foreign countries... In particular, it is necessary to mobilize more effectively the still very large capital source from the people for production and business development, serving socio-economic development goals.

Tuesday, Review and have appropriate mechanisms and policies to support, promote and encourage commercial banks and credit institutions to lend capital with preferential and appropriate conditions, focusing credit capital flows on development. Infrastructure development, production and business, priority areas...

Wednesday, continue to expand forms of funding and lending, promoting the role of commercial banks, of which the core is State-owned commercial banks lending capital to large projects, playing an important role in economy, contributing to being proactive in resources and arranging domestic capital, reducing dependence on external capital sources.

Thursday, focusing on effective, methodical and systematic management of projects associated with sponsored and loaned capital, ensuring to promote the roles and responsibilities of investors and sponsors and lenders. , not only ensuring quality requirements and project efficiency, but also helping commercial banks recover capital both principal and interest, minimizing risks, fighting corruption, negativity, and waste in borrowing and using capital. capital, thereby implementing the motto "working together, winning together, enjoying together, developing together", contributing to building a strong, prosperous country with happy and prosperous people.

Regarding Long Thanh International Airport, the Prime Minister requested relevant entities to continue to uphold the sense of responsibility, further promoting the determination to "only talk about doing things, not talking back" https://dangcongsan.vn/ xoi-su/, "If you say it, you do it" https://dangcongsan.vn/thoi-su/, "Overcoming the sun and winning the rain" https://dangcongsan.vn/thoi-su/, "3 shifts, 4 crews" https://dangcongsan.vn/thoi-su/, "eat and sleep quickly" https://dangcongsan.vn/thoi-su/, "work through Tet and holidays" to speed up progress construction, improving the quality of completed works and project items, meeting and exceeding the set goals and targets.

Emphasize some more specific tasks, For ACV Investor and the State Capital Management Committee at enterprises, The Prime Minister requested ACV to continue to coordinate and accompany syndicated banks to implement the Long Thanh International Airport project to meet loan commitments, effectively disburse on schedule and ensure quality. In particular, pay special attention to matching the progress and completion time of the remaining bidding packages to avoid conflicts and intersections during the construction process, ensuring the connection and progress of the entire project.

Along with that, soon research and propose plans to deploy preparations for construction of phase 2 so as not to affect the exploitation activities of phase 1, on the basis of adjusting the project investment policy. phase 1 project.

Prime Minister requested Bank Direct state-owned commercial banks in particular and the banking industry in general to continue researching and participating in arranging capital for important national projects; Encourage domestic investors to promote proactive spirit, improve autonomy and endogenous capacity in investment and development cooperation.

The State Bank creates conditions for credit institutions to provide foreign exchange services according to the provisions of law; At the same time, there must be inspection and supervision of foreign exchange activities to stabilize the value of currency, exchange rate and improve the international balance of payments, contributing to enhancing macroeconomic stability and promoting economic development. economic - social.

Directed by the Prime Minister The transportation Responsible for overall coordination and implementation of discipline in updating, monitoring progress, and connecting all Long Thanh airport component projects. In particular, pay attention to ensuring the overall integrity and coupling of component projects with transportation infrastructure construction packages connecting Long Thanh International Airport with provinces and cities.

The Ministry of Transport is also assigned to preside over and direct the selection of investors for component 4 project "Other projects", ensuring that the Long Thanh phase 1 project will be put into operation on schedule. committed. Soon report on the implementation of investment policies to build resettlement areas to serve the Long Thanh Airport project; Research and propose adjustments to the investment policy of phase 1 project to effectively utilize resources to prepare for the implementation of phase 2 construction of the Port.

For Dong Nai Provincial People's Committee, The Prime Minister requested to speed up the progress of site clearance work to complete the handover of the site; must commit not to slow down the project's construction progress.

In particular, it is necessary to urge the completion of site clearance and relocation of technical infrastructure for 02 connecting traffic routes and 02 drainage routes outside the project boundary, of which connecting traffic route No. The lifeline ensures the transportation of goods, materials, and construction equipment to serve the construction of the Passenger Terminal and other construction items.

Along with that, strengthen working directly with the people, perform well public mobilization work to grasp the thoughts and aspirations, flexibly and effectively apply the provisions of law to resolve complaints and opinions. recommendation; Select locations and build resettlement areas with better living conditions and at least equal to the old residence; ensure legal and legitimate rights and interests, take care of life, and create stable livelihoods for people after giving up land, houses, fields and gardens to build projects.

Coordinate with investors to prioritize site clearance at locations that are critical for construction progress (such as soft soil treatment areas, large bridges and tunnels, and construction access road areas). ).

Support and coordinate businesses in the process of surveying, researching, and proposing investment in building watershed warehouses and aviation fuel supply pipelines, providing construction materials, training and recruiting resources human resources to meet the needs of management and operation.

The Prime Minister wishes and believes that, with the determination, intelligence, solidarity and innovation of Investor ACV and the joint venture contractor for the Long Thanh International Airport project, along with the companionship , support and close coordination of the State Bank of Vietnam, Committee for Management of State Capital at Enterprises, Ministry of Transport, Ministry of Planning and Investment, Ministry of Finance, People's Committee of Dong Nai province and other organizations. relevant agencies, we will definitely complete the construction and technical exploitation of the runway of Long Thanh airport before April 30, 4 (2025 months ahead of schedule compared to the contract), making achievements excellently celebrate the 3th anniversary of the liberation of the South and unification of the country (April 50, 30 - April 4, 1975), moving forward to the first 30 months of 4, focusing on completion, handover and putting into operation entire Long Thanh International Airport project. At the same time, ensuring quality, technique, art, labor safety, environmental sanitation and taking care of the lives of officials, workers and employees participating in the project.

The Prime Minister highly appreciated the recent successful capital arrangement coordination of three banks, Vietcombank, Vietinbank and BIDV, for the project and believes that this will be a positive first step, creating an important premise to encourage banks. Vietnamese commercial banks continue to proactively cooperate in large, important national projects, contributing to enhancing the prestige and position of the Vietnamese banking industry and further promoting the role of state-owned enterprises. with the development of the country./.