Vietnam - Russia Joint Venture Bank (VRB) and Ba Ria - Vung Tau House Development Joint Stock Company (HODECO) sign the contract of cooperation and financial support for Ecotown Phu My project

On 22/10/2018, Vietnam - Russia Joint Venture Bank (VRB) and Ba Ria - Vung Tau House Development Joint Stock Company (HODECO) officially signed the contract of cooperation and credit financing for Ecotown Phu My project.

According to the cooperation between the two parties, VRB pledged to provide house loans to customers of Ecotown Phu My project with a limit of up to 70% of the purchase contract value, loan term up to 20 years. At the same time, VRB will provide a total credit of 250 billion VND for this project in phase I.

(Mr. Nguyen Van Hon - Director of VRB Vung Tau Branch and Mr. Nguyen Viet Lien - Deputy General Director of Ba Ria - Vung Tau Housing Development Joint Stock Company signed the cooperation contract)

Speaking at the signing ceremony, Mr. Leonid Trifonov - First Deputy General Director on behalf of VRB's Board of Directors thanked HODECO for choosing VRB as the bank to accompany the project and affirmed the capital to the project will be implemented on schedule and at the same time, expresses confidence and hope that signing this credit contract will open more opportunities for cooperation.

Representatives of HODECO recognized the professional judgment, speed, professional behavior of VRB leaders and staff and committed to use the fund for the right purpose, maximizing the effectiveness of loan to benefit both sides.

Project information:

The Ecotown Phu My Project is being constructed by Ba Ria - Vung Tau House Development Joint Stock Company (HODECO), one of the leading real estate developers and investors in Ba Ria - Vung Tau.
 

Perspective of Ecotown Phu My project (Souce: hodeco.vn)

Ecotown Phu My owns a strategic location in Phu My town center. From the project, it is easy to connect with the main traffic routes such as Bien Hoa - Vung Tau Expressway, Ho Chi Minh City - Long Thanh - Dau Giay high way and just 30km away from Long Thanh International Airport. The project is designed on a total area of 63,133.5 m2 including subdivisions such as 319 houses, 02 social houses, cultural community centers, kindergartens and traffic infrastructure, landscape in, outside the project. The total project investment up to 600 billion VND.