Kien Hung secures VND 30 bn loan from LPBank

Kien Hung Joint Stock Company has secured a loan from LPBank with a maximum credit limit of VND 30,000,000,000, as resolved by its board of directors on November 19, 2025. This financing will be collateralized by various assets, including land use rights and construction projects at Land Plot No. 306 in Hon Dat district, Kien Giang province, owned by Kien Hung. Additional collateral includes Land Plot No. 332 in Chau Thanh district, Kien Giang province, owned by Mr. Tran Quoc Dung.

Further collateral for the loan includes a 2022 KIA car and a 2022 Mercedes Benz car, both owned by the Thanh Loc Factory branch of Kien Hung. Mr. Tran Quoc Dung, the company's general director, has been authorized to negotiate, decide, and execute all necessary documentation, including credit and security contracts with LPBank, until the company fulfills its obligations or an alternative authorization is issued.

This resolution, effective from its signing date, mandates all relevant parties within Kien Hung to implement its terms. The announcement ensures compliance with financial regulations and underscores the company’s strategic financial planning for 2025.