Vietnam Medicinal Materials secures VND 80 bn credit line from INDOVINA Bank

On October 29, 2025, the board of directors of Vietnam Medicinal Materials Joint Stock Company approved a resolution to renew its credit facility with INDOVINA Bank – Hanoi Branch. The credit line, totaling VND 80,000,000,000, is designated for working capital, guarantees, and letters of credit.

The credit facility will be secured by the company's assets and/or third-party assets approved by INDOVINA Bank, in compliance with state bank regulations on loan collateral. This includes rights to land use, property rights, and deposits held at the INDOVINA Bank – Hanoi Branch.

Vu Thanh Trung, the general director, has been authorized to execute all necessary documents related to the credit facility, including any amendments or supplementary materials. The resolution is effective from its signing date and remains valid until superseded by a new resolution.