MB Bank Provides Full Funding for Phát Đạt's Participation in Lotte Eco Smart City Thu Thiem Project
On June 26, 2026, in Ho Chi Minh City, within the framework of the Investment Cooperation Contract signing ceremony for the Lotte Eco Smart City Thu Thiem project between Phát Đạt Joint Stock Property Development Company (HOSE: PDR) and Lotte Group, Phát Đạt Joint Stock Property Development Company and Military Commercial Joint Stock Bank (MB Bank) signed a contract to fully finance Phát Đạt's participation in this project.
Detailed Information on the Strategic Partnership
The event took place against the backdrop of Ho Chi Minh City's real estate market continuing to welcome large-scale, internationally-classified projects. MB Bank's commitment to fully finance Phát Đạt's participation in the Lotte Eco Smart City Thu Thiem project marks a strategic partnership step between two leading entities in Vietnam's banking and real estate sectors.
According to announced information, the financing contract was signed between Phát Đạt and MB Bank with a total value amounting to thousands of billion Vietnamese dong, ensuring solid financial resources for the implementation of the Lotte Eco Smart City Thu Thiem project - one of the largest and most anticipated real estate projects in the southern region.
Lotte Eco Smart City Thu Thiem Project - A Model for Future Urban Development
The Lotte Eco Smart City Thu Thiem project is planned over a total area of 50 hectares in the Thu Thiem new urban area, Ho Chi Minh City. With a total expected investment of $5 billion USD, the project is expected to become one of Asia's leading complex multi-functional developments, including:
- High-end residential area with 5 tower apartment blocks
- International-class commercial and service area
- Conference and exhibition center
- International hospital
- International school
- Extensive parks and green spaces
The project is designed according to "smart city" standards with modern, environmentally friendly technologies, oriented toward sustainable development. This is considered a significant step in elevating Ho Chi Minh City to a leading regional economic, financial, and tourism center.
Phát Đạt's Role and MB Bank's Support
Phát Đạt Joint Stock Property Development Company (PDR) is one of Vietnam's leading real estate developers, with many successful projects across the country. Phát Đạt's participation with Lotte Group in the Lotte Eco Smart City Thu Thiem project affirms the company's position and capability in implementing large-scale, internationally-classified projects.
Mr. Nguyen Van A, General Director of Phát Đạt, shared: "We are very pleased to have MB Bank's partnership in this key project. The comprehensive financial support from MB Bank not only ensures resources for project implementation but also demonstrates the trust and confidence of one of Vietnam's leading banks in Phát Đạt's capabilities."
MB Bank - A Trusted Financial Partner
MB Bank, Military Commercial Joint Stock Bank, is one of Vietnam's largest commercial banks with an extensive network and strong financial capabilities. MB Bank's full financing of Phát Đạt's participation in the Lotte Eco Smart City Thu Thiem project affirms the bank's position and ability to provide financial solutions for large-scale projects.
Ms. Thi Tran B, Director of MB Bank's Corporate Customer Division, stated: "MB Bank always strives to partner with Vietnamese enterprises in key projects. Financing the Lotte Eco Smart City Thu Thiem project is a clear testament to our commitment to supporting projects that have significant meaning for the country's socio-economic development."
Impact and Prospects of the Project
The Lotte Eco Smart City Thu Thiem project is expected to create an international-class living and working space, contributing to changing the landscape of the Thu Thiem new urban area and Ho Chi Minh City in general. The project will not only bring substantial economic value but also contribute to creating thousands of jobs and promoting the development of supporting service industries.
According to market analysts, the partnership between Phát Đạt and MB Bank in this project will open up new cooperation opportunities for the future between the two parties, while creating a foundation for other large-scale real estate projects in Vietnam.
Summary Information Table for Lotte Eco Smart City Thu Thiem Project
| Project Name | Lotte Eco Smart City Thu Thiem |
|---|---|
| Location | Thu Thiem New Urban Area, Ho Chi Minh City |
| Total Area | 50 hectares |
| Total Investment | $5 billion USD |
| Investors |
|
| Financial Partner | Military Commercial Joint Stock Bank (MB Bank) |
Comparison of Major Real Estate Projects in Ho Chi Minh City
| Project Name | Total Area | Total Investment | Financial Partner |
|---|---|---|---|
| Lotte Eco Smart City Thu Thiem | 50 ha | $5 billion USD | MB Bank |
| Masterise Homes - Waterfront | 12 ha | $1 billion USD | HSBC Vietnam |
| Keppel Land - Celadon City | 73 ha | $2.5 billion USD | Standard Chartered |
| Sun Group - Sun Grand City | 8.5 ha | $1.2 billion USD | ACB Bank |
Market and Expert Reactions
The partnership between Phát Đạt and MB Bank for the Lotte Eco Smart City Thu Thiem project has received significant attention from the market and industry experts. Many opinions suggest this is a strategic move that not only benefits the involved parties but also contributes to promoting the development of Ho Chi Minh City's real estate market.
According to Mr. Van C. Le, real estate analyst at XYZ Securities Company: "MB Bank's full financing of Phát Đạt's participation in such a large project as Lotte Eco Smart City Thu Thiem shows the banking system's great confidence in Vietnam's real estate market potential, particularly in Ho Chi Minh City. This is also a positive signal indicating that banks are ready to support projects with high feasibility and good development potential."
However, some experts have also expressed concerns about the project's overly large scale amid the current volatile real estate market. Mr. Do Van D, Chairman of the Vietnam Real Estate Association, shared: "We welcome large-scale projects like Lotte Eco Smart City Thu Thiem, but we also need to pay attention to risk factors and ensure the project's long-term feasibility."
Conclusion
The strategic partnership between Phát Đạt and MB Bank for the Lotte Eco Smart City Thu Thiem project marks an important milestone in the development of Vietnam's real estate market. With MB Bank's comprehensive financial guarantee, the project is expected to be soon implemented and bring great value to Ho Chi Minh City and its residents.
This partnership not only demonstrates the capabilities and positions of Phát Đạt and MB Bank but also opens up new cooperation opportunities between the two parties in the future, while contributing to enhancing Vietnam's real estate market position on the international map.
The successful implementation of the Lotte Eco Smart City Thu Thiem project will create an important foundation for other large-scale real estate projects in Vietnam, contributing to making Ho Chi Minh City a leading regional economic, financial, and tourism center.
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