AAV group secures VND300 bn loan for residential project

AAV Group Joint Stock Company (HNX:AAV) announced today, November 1, 2025, that its board of directors passed a resolution approving a VND300 billion loan from VietinBank – Hanoi Branch. The financing will fund the first phase of the residential area development project in Yet Kieu Street, Chi Linh City, Hai Duong province (now Tran Hung Dao Ward, Hai Phong City).

The loan will cover technical infrastructure and land use fees for the entire first phase. The interest rate will be subject to VietinBank's regulations. The loan application period is 42 months from the first disbursement, with disbursements scheduled until December 31, 2026. A grace period will be granted for the duration of the project implementation.

Pham Thanh Tung, chairman of the board of directors and legal representative of AAV Group, has been authorized to sign all relevant contracts and documents with VietinBank – Hanoi Branch. This resolution is effective from its signing date, ensuring the project can move forward as planned.