C&T Group and Vietinbank, Vietnam's largest partly private bank, have agreed to promote each others' services on the local market
Vietinbank (Vietnam Joint-stock Commercial Bank for Industry and Trade) will provide C&T Group with VND2 trillion (US$105.6 million) in financial and consultant services, according to the agreement, which was signed on Friday.
In return, C&T Group will help the bank expanding its services on the domestic market and help facilitate the bank's investments in the group's major projects.
Nguyen Van Se, director of the HCMC Vietinbank Branch, said both parties were preparing a more detailed plan to bring the cooperation contract into action in the near future.
Established in 1992, C&T Group and its 36 affiliated companies has invested in several sectors, including real estate, hi-end retail, construction, corporate finance, food and beverage, entertainment, health services, plantations, mining and eco-tourism.