Mobilizing resources for strategic projects

On the afternoon of July 28 in Hanoi, T&T Group and the Vietnam Development Bank signed an agreement on State investment credit financing.

Under the agreement, the two parties will cooperate in providing State investment credit for projects in transport infrastructure, energy, industrial park infrastructure, logistics, agriculture and industry that fall within VDB’s eligible lending categories and meet its financing conditions.

The total amount of financing will be determined by T&T Group’s requirements and must remain within VDB’s applicable credit limits. T&T Group will notify the Vietnam Development Bank of its actual borrowing requirements once the relevant projects have received investment policy approval from the competent authorities.

For projects financed by State investment credit, project owners must contribute at least 20% of the total investment capital required for each project, excluding working capital. The specific equity requirement will be considered and determined by VDB based on the project owner’s financial capacity and the project’s debt repayment plan.

For projects developed under the public-private partnership model, the investor’s equity contribution during project implementation must account for at least 20% of the project’s total investment. This calculation excludes the State capital specified in Articles 70 and 72 of the Law on Public-Private Partnership Investment, as well as working capital. The specific equity requirement will be determined by VDB based on the investor’s financial capacity and the project’s debt repayment plan.

Interest rates, loan terms, grace periods, collateral securing the performance of obligations and other provisions will be governed by VDB’s regulations and relevant laws.

Speaking at the signing ceremony, T&T Group Founder and Executive Chairman Do Quang Hien noted that the Vietnam Development Bank had played an important role over the years in providing medium- and long-term financing for many key national projects. As a State policy bank, VDB has enabled businesses, local authorities and project owners to implement numerous projects of significance to socioeconomic development.

After 33 years of development, T&T Group has implemented many large-scale projects across the country. Like many other private enterprises, T&T Group seeks the support and partnership of financial institutions, particularly State financial institutions. Greater access to State investment credit through VDB will enable the Group to focus confidently on researching and assessing investment effectiveness and implementing projects safely, efficiently and sustainably.

The T&T Group leader said that the Politburo’s Resolution No. 79-NQ/TW on developing the State economic sector had opened a new chapter in mobilizing resources for development. State funding not only provides an additional source of medium- and long-term capital but also helps generate new momentum for growth, enabling private enterprises—including T&T Group—to invest in key national projects in transport infrastructure, energy, logistics, industrial park infrastructure and agriculture.

“T&T Group is committed to using State investment credit effectively, safely and for its intended purposes. We also hope that VDB will continue to accompany, support and supervise the Group throughout project implementation, thereby maximizing the effectiveness of investment resources and creating sustainable projects for the country and its localities,” the T&T Group Executive Chairman emphasized.

Describing T&T Group as one of Vietnam’s major and reputable private economic groups, Mr. Le Van Hoan, Chairman of the Board of Directors of the Vietnam Development Bank, said VDB expected the cooperation agreement to be translated promptly into credit agreements for projects that fully satisfy all applicable requirements.

A multi-sector investment ecosystem underpinning long-term cooperation

Over more than three decades of development, T&T Group has built a large-scale investment portfolio spanning transport infrastructure, logistics, industrial infrastructure and energy. These sectors play a leading role in driving economic growth while demanding strong implementation capabilities and substantial long-term financial resources. The scale and nature of this portfolio provide the foundation for T&T Group to expand its cooperation with financial institutions, including the Vietnam Development Bank.

Transport infrastructure is a particularly prominent area, with several large-scale projects currently under development across both road and aviation infrastructure.

Quang Tri Airport, for example, is Vietnam’s second airport project to be implemented under the PPP model, with a total investment exceeding VND 5.8 trillion. Its planning classification was recently upgraded from Code 4C to Code 4E, allowing it to accommodate wide-body aircraft such as the Airbus A350 and Boeing 787 and creating greater room for long-term development.

Other major developments include the Bao Loc–Lien Khuong Expressway and Component Project 3 of Hanoi Capital Region Ring Road No. 4. These projects are expected to complete important transport corridors, expand development space and strengthen regional connectivity.

T&T Group is also researching and proposing investments in other BOT and PPP projects nationwide, which are expected to be implemented from 2027.

Alongside transport infrastructure, T&T Group is developing logistics and industrial infrastructure to complete an integrated ecosystem supporting manufacturing and supply chains.

In logistics, T&T Group is working with its Singaporean partner to develop Vietnam SuperPort™, the first “superport” in the ASEAN Smart Logistics Network. Phase 1 of the project is currently under development. The project has been planned as a multimodal logistics hub along the China–Vietnam–ASEAN economic corridor, seamlessly connecting road, rail, seaport and air transport.

Over the long term, this infrastructure is expected to meet the requirements of high-tech manufacturing industries, including semiconductors and electronics, which depend on highly connected, rapid and reliable supply chains.

In industrial park infrastructure, T&T Group is developing a series of projects, including the Nam Phuc Tho Industrial Cluster in Hanoi and Vam Cong Industrial Park in An Giang. Once completed, these projects will help expand local manufacturing capacity and strengthen the respective localities’ ability to attract investment.

Energy is another sector that clearly demonstrates the effectiveness of the long-term investment strategy pursued by T&T Group over many years. The Group is currently operating and investing in projects with a combined capacity of nearly 2,900 MW, while developing a portfolio of approximately 14,000 MW in renewable energy and other clean energy sources.

One notable milestone was the commencement of commercial operations at the Savan 1 Wind Power Plant in Laos in late 2025, following only 14 months of construction. Each year, the project supplies up to 0.9 billion kWh of electricity to Vietnam through a dedicated 220 kV transmission line.

This creates a stable source of revenue and gradually establishes a sustainable financial foundation from which T&T Group can continue expanding its investment in clean energy projects in the coming period.

With the goal of achieving a total capacity of 25–30 GW by 2035 and becoming one of Vietnam’s leading energy groups, T&T Group remains committed to its long-term investment strategy, supporting the energy transition and contributing to Vietnam’s goal of achieving net-zero emissions by 2050.

Taken as a whole, this portfolio not only helps generate growth momentum for local economies but also requires medium- and long-term financial resources aligned with the investment cycles of the projects.

The establishment of a cooperation mechanism with VDB therefore not only creates an additional channel through which eligible projects can access State investment credit but also reflects T&T Group’s efforts to diversify the financial resources supporting its long-term investment portfolio.

The agreement also marks the beginning of a coordination mechanism between a private enterprise and a State development finance institution to mobilize resources for projects in priority sectors.