FECON continue improving financial capacity with comprehensive cooperation agreement with Vietinbank.

With the orientation of bussiness development strategy of FECON 2014-2020, which is making FECON as the leading professional contractor Vietnam on foundation works in 2015 and became a leading business group in infrastructure in Vietnam in 2020, Board of Leader are clearly aware that one of the most vital prerequisite for realization of this strategy is financial capacity improvement. This solution will help FECON to have the opportunity to participate in bidding and implementation of major projects related to the development of industrial infrastructure and energy infrastructure. Especially, for 1.500 billions VND of 2014 committed revenue target passed in the Annual General Meeting of Shareholders in 2013, demand for capital for project implementaion is always the most important issue. [caption id="attachment_3200" align="aligncenter" width="473"] Mr. Pham Viet Khoa – Chairman and CEO of FECON and Mr Nguyen Nhu Duong, Director of Vietinbank Dong Da exchanging agreement documents.[/caption] Therefore, in the morning of April 2nd 2014, after a period of negotiation, FECON has signed the comprehensive cooperation agreement with Vietinbank – Dong Da branch in areas related to business activities of FECON with credit limits reaching VND 300 billions. Based on the impressive business results of FECON in recent years along with the strategic vision of its leaders, VietinBank Dong Da regarded FECON as a trusted partner and committed to provide FECON a variety of safe, effective and modern banking products and services with lots of incentives and reasonable cost. Thus, beside regular financial partners such as Vietcombank, BIDV, MB etc, Vietinbank also became an important partner of FECON. With the agreement signed, Vietinbank will contribute a vital part to improve the financial position of FECON, help FECON to comply with the commitment of quality and progress with the investors and general contractors.