KienlongBank Relocates Headquarters to Dong Nai, Pledges Significant Annual Budget Contribution

KienlongBank's strategic decision to move its headquarters to Dong Nai marks a significant moment for both the bank and the province. This move, approved by shareholders, signals a strong commitment to aligning with Dong Nai's ambitious development goals. The bank's leadership, particularly Chairman Tran Ngoc Minh, has emphasized Dong Nai's economic prowess and impressive growth trajectory as key factors in this decision.

The bank's pledge to contribute nearly 1,000 billion VND annually to the provincial budget underscores its intention to be a major economic partner. Beyond financial contributions, KienlongBank aims to be instrumental in fostering Dong Nai's growth through three core pillars: creating an investment-conducive environment, advancing digital infrastructure, and strengthening value chain connections. This holistic approach reflects a deep understanding of the province's needs and aspirations.

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About KienlongBank, we commit to contributing nearly 1,000 billion VND to the budget each year right in the initial phase.

Provincial authorities, led by Standing Vice Chairman Nguyen Kim Long, have warmly welcomed KienlongBank. They view the bank's relocation not as a random event but as a strategic alignment with Dong Nai's "Smart City" vision. The presence of a well-established financial institution is expected to bolster the local financial ecosystem, providing a solid foundation for high-quality industrial and service investments.

Dong Nai's potential is undeniable, with 43 existing industrial parks and the monumental Long Thanh International Airport project on the horizon. The province's rapid urbanization is set to further accelerate its financial market growth, which already boasts a credit balance exceeding 600,000 billion VND. KienlongBank's arrival is seen as a catalyst, empowering businesses and corporations to realize their strategic visions within this dynamic environment. The provincial government has assured its full support, promising favorable policies and streamlined procedures to facilitate the bank's operations and contributions.

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Dong Nai commits to accompanying, supporting, and creating the most favorable conditions in terms of mechanisms and procedures for corporations, businesses, and financial institutions to operate and contribute to the local development.