This was shared by leaders from various corporations and banks during the Government’s Standing Committee conference, aimed at accelerating growth and controlling inflation.
The conference, chaired by Prime Minister Phạm Minh Chính on February 11, included participation from Deputy Prime Ministers, ministers, heads of equivalent agencies, and leaders from 20 commercial banks and social policy banks.
Billionaire Nguyễn Thị Phương Thảo, Founder and Vice Chairwoman of the Board of Directors at HDBank, announced that following a meeting with former U.S. President Donald Trump, HDBank is currently collaborating on contracts worth $48 billion with major American corporations, which are expected to generate nearly 500,000 jobs. Negotiations are ongoing to increase the transaction value to $64 billion.
The government’s overall goal is to achieve an 8% GDP growth rate by 2025, with the State Bank targeting a 16% growth in the credit sector. To help achieve these objectives, HDBank plans to boost funding for businesses involved in programs aimed at enhancing labor productivity and adopting technologies like AI, Big Data, and Blockchain.
“We will participate in financing projects that promote public investment, transportation infrastructure, logistics, expressways, aviation infrastructure, and seaports. Additionally, we will provide funds for smart logistics systems to reduce transportation costs and enhance the competitiveness of Vietnamese enterprises. We will also support businesses in the tourism and service sectors, prioritizing the application of digital technology and connection with modern global consumer ecosystems,” Thảo stated.
Mr. Đỗ Quang Hiển shared that T&T Group is developing a comprehensive aviation model.
Mr. Đỗ Quang Hiển, Chairman and CEO of T&T Group and Chairman of the Board at Saigon – Hanoi Bank (SHB), mentioned that T&T Group recently engaged with Boeing representatives in Vietnam to explore partnership opportunities in the aviation sector.
T&T is formulating a strategy to develop an aviation group model, which will include the Quảng Trị Airport, Vietravel Airlines, and an aviation industry complex along with an urban airport development in Quảng Trị. This initiative follows the group’s receipt of support from the Quảng Trị Provincial People’s Committee regarding the urban planning scheme for the Quảng Trị Airport covering approximately 3,400 hectares.
“This development strategy will lay the groundwork for creating an aviation industry cluster that focuses on transportation and cargo movement. Currently, Vietnam lacks an airline or company that specializes in cargo transport flights; this market segment is primarily dominated by foreign carriers,” Mr. Hiển explained.
Bank representatives urged the State Bank to maintain stable interest rates to facilitate easier access to capital for businesses. They also recommended interest support for social housing investment programs and credit for workers, as well as mechanisms to encourage the development of digital credit, flexible exchange rate management, and stability to attract investment, boost exports, and leverage free trade agreements.