SeABank finances VND 127 billion for project of PV Gas

Đình Vũ LPG station – Hải Phòng (KHP) of PVGas has been constructed in Đình Vũ Industrial Zone, Hải Phòng with total area of 10,920 m2, of which used area is 6,325 m2, the remaining area is 4,595 m2. Project for upgrading capacity of Đình Vũ LPG station – Hải Phòng is under PVGas’ development plan in order to diversify LPG supply sources, expand market, enhance its position and competitiveness, maintain and develop its marketshare in the North, thereby taking proactiveness in goods import & export, demand & supply balancing, energy security assurance and LPG regulation in the Northen market. According to the project, the existing LPG station shall be upgraded from 1 tanks of 1,500 tonnes up to 03 tanks providing total capacity of 4,500 tonnes aiming at better supplying LPG for Hải Phòng and neighboring areas.

Mrs. Lê Thu Thủy – SeABank BOD Standing Vice Chairman says “PVGas has become SeABank’s domestic strategic shareholder since 2007 and the two have collaborated in various activities to promote strenghts of each. Among them, SeABank has financed more than VND 1,200 billion for projects of PVGas and provided settlement service, retail banking services  

We suppose that the increase of capacity of LPG Đình Vũ station – Hải Phòng shall help to diversify LPG supply sources, expand market, enhance position, competitiveness and develop marketshare of the Corporation in the North.

Thanks to financial potential and solid foundation of PVGas and SeABank, I strongly believe that the increasingly comprehensive coorperation between the two sides shall bring new values giving contribution to the development of the economy. Brand name of PetroVietnam Gas Joint Stock Corporation and SeABank shall take new heights thanks to values from such successful cooperation”.