SCG Construction Group secures SHB loan for real estate projects

SCG Construction Group Joint Stock Company (SCG) has secured a loan from Saigon - Hanoi Commercial Joint Stock Bank (SHB) with a total value of VND 1.13 trillion. This financing, approved by the board of directors on September 23, 2025, is structured as a revolving credit facility with an associated guarantee limit, valid for 12 months.

The primary purpose of the loan is to supplement working capital for various construction and supply contracts. These include the completion of technical infrastructure and the construction of low-rise linked houses and villas (raw construction and exterior finishing) within the "Sunshine Legend City" project, developed by Bach Giang - DCI Investment and Development Construction Joint Stock Company.

As collateral for the loan, SCG will utilize future receivables from construction contracts directly with project owners or general contractors, alongside other assets owned or used by the company or third parties. The general director, Mr. Tran The Long, is authorized to negotiate and execute all necessary agreements with SHB related to this financing.