AsemconnectVietnam - On October 22, 2026, in Ho Chi Minh City, Khang Dien Investment and Business Corporation (stock code KDH) and Vietnam Commercial and Industrial Bank (VietinBank - stock code CTG) held a signing ceremony for a loan agreement for the Ma Lang and Cho Ga-Gao urban renovation project, with a total credit limit of nearly VND13,500 billion.

Speaking at the ceremony, Mr. Hoang Nguyen Dinh, Member of the Standing Committee of the City Party Committee and Vice Chairman of the People's Committee of Ho Chi Minh City, acknowledged the proactive, responsible, and enthusiastic efforts of Khang Dien and VietinBank in mobilizing resources for the project.
A representative from VietinBank affirmed that participating in financing the project demonstrates the bank's commitment to supporting Ho Chi Minh City's urban development and social welfare goals. Simultaneously, they committed to closely coordinating with Khang Dien, providing appropriate resources and financial solutions during the implementation process.
On Khang Dien's side, Mr. Vuong Van Minh – General Director of the company – stated that undertaking this project, which the City has been contemplating for many years, is not only an honor but also a responsibility to the City and its people.
He said: “With the close guidance of the City Party Committee, the People's Council, and the People's Committee of Ho Chi Minh City, along with the support of VietinBank and the close cooperation of relevant agencies and partners, Khang Dien is determined to implement the project on schedule, ensuring quality, and providing a better living space for the people of Ma Lang and Cho Ga-Gao areas.”
The project is implemented under a public-private partnership (PPP) model, specifically a build-transfer (BT) contract. It is planned that the Ma Lang area will have a 38-story apartment building with approximately 1,400 apartments, 93 low-rise houses, a park, and a multi-level school. The Cho Ga – Gao area is expected to have a 35-story apartment building with approximately 760 apartments, combined with amenities and community living spaces.
Source: VITIC/Bao Tai chinh – Dau tu